• European Central Bank stimulus faces hurdles compared to Fed

    Updated: Wed, Jan 21, 2015

    FRANKFURT, Germany (AP) — Big bang or disappointment? Markets are waiting to see just how much financial firepower the European Central Bank will unleash Thursday, when it is expected to announce large-scale purchases of government bonds with newly printed money to stimulate a sluggish economy. The decision to use bond purchases, or so-called quantitative easing, follows in the footsteps of the U.S. Federal Reserve — as well as the Bank of England and the Bank of Japan. The Fed bought bonds from 2008 to 2014 — and got credit for helping jump-start an increasingly robust U.S. recovery. Europe could definitely use a push. Growth is weak, unemployment is 11.5 percent and inflation is minus 0.

  • European Central Bank stimulus faces hurdles compared to Fed

    Updated: Wed, Jan 21, 2015

    FRANKFURT, Germany (AP) — Big bang or disappointment? Markets are waiting to see just how much financial firepower the European Central Bank will unleash Thursday, when it is expected to announce large-scale purchases of government bonds with newly printed money to stimulate a sluggish economy. The decision to use bond purchases, or so-called quantitative easing, follows in the footsteps of the U.S. Federal Reserve — as well as the Bank of England and the Bank of Japan. The Fed bought bonds from 2008 to 2014 — and got credit for helping jump-start an increasingly robust U.S. recovery. Europe could definitely use a push. Growth is weak, unemployment is 11.5 percent and inflation is minus 0.

  • Mexico president faces new questions about personal assets

    Updated: Wed, Jan 21, 2015

    MEXICO CITY (AP) — President Enrique Pena Nieto faced new questions about his personal assets Wednesday after a report that he purchased a home from a businessman whose company won public works contracts worth millions of dollars. According to the Wall Street Journal, Pena Nieto bought the country-club house in Ixtapan de la Sal, about 70 miles (120 kilometers) south of the capital, from Roberto San Roman shortly after becoming governor of the state of Mexico in 2005. It reported that San Roman's construction company won more than $100 million in state government contracts between 2005 and 2011, and at least 11 federal contracts of unspecified value after Pena Nieto became president in 2012. The company had not previously c

  • US home construction up 4.4 percent in December

    Updated: Wed, Jan 21, 2015

    WASHINGTON (AP) — Construction of new homes rebounded in December, helping to push activity for the entire year to the highest level since the peak of the housing boom nine years ago. The Commerce Department says builders started construction at a seasonally adjusted annual rate of 1.09 million in December, an increase of 4.4 percent from November, when unusually severe weather pushed activity down 4.5 percent. For all of 2014, builders started construction on 1.01 million new homes and apartments, an increase of 8.8 percent from 2013. It was the first time construction has topped 1 million since 2005, the height of the housing boom, when builders started work on 2.07 million homes.

  • US homebuilder confidence, sales outlook slip in January

    Updated: Tue, Jan 20, 2015

    U.S. homebuilders are feeling slightly less confident in their sales prospects ahead of the spring homebuying season, traditionally the peak period for home sales. The National Association of Home Builders/Wells Fargo builder sentiment index released Tuesday slipped this month to 57, down one point from a revised reading of 58 in December. Even so, builders' overall sales outlook remains favorable. Readings above 50 indicate more builders view sales conditions as good rather than poor. Builders' outlook for sales over the next six months and a measure of traffic by prospective buyers both declined, while a view of current sales conditions held steady. The index also found sentiment improved in the West, Northeast

  • Lawmakers look at how Airbnb affects NYC housing, economy

    Updated: Tue, Jan 20, 2015

    NEW YORK (AP) — With home-as-hotel sites like Airbnb doing booming business, New York City lawmakers are scrutinizing how the trend affects the housing market and economy. A City Council hearing Tuesday is shaping up to be a wide-ranging faceoff over the pros and cons of short-term apartment rentals, which have come under scrutiny in New York and other cities around the country. Before the hearing even starts, Airbnb supporters and opponents are set to hold dueling rallies outside City Hall. Airbnb and similar sites have become a focal point for discussion about whether and how to regulate the growing "sharing economy," and whether it represents an innovative, person-to-person business model or an unregulated, unruly upstar

  • Florida had nation's highest foreclosure rate last year

    Updated: Mon, Jan 19, 2015

    ORLANDO, Fla. (AP) — The number of properties that lenders repossessed in foreclosures nationwide last year is at an eight-year low, but Florida continued to have the nation's highest foreclosure rate in 2014. Figures released last week by the research firm RealtyTrac shows Florida had a 2.3 percent foreclosure rate last year, the highest in the nation. Florida was followed by New Jersey, Maryland, Illinois and Nevada. Four Florida metro areas also were among the top 5 cities with the nation's highest foreclosure rates. Atlantic City, New Jersey, was at the top of the list. It was followed by Miami, Orlando, Florida's Space Coast and Tampa.

  • The Humphreys Fund in Oklahoma City adjusts its sights to 'shoot long'

    BY RICHARD MIZE, Real Estate Editor | Updated: Sun, Jan 18, 2015

    Young executives to extend the private investment fund, which has added millions of dollars in equity and assets since its founding in 2012.

  • Oklahoma City home and garden notes for Jan. 17

    Published: Sat, Jan 17, 2015

    CALENDAR For more information, call the phone number or use the email address provided. To submit items, call Melissa Howell at 475-3770 or send email to mhowell@opubco.com. Reference “Home and garden calendar.” Please submit items at least 10 days before publication. MEETINGS VIOLA GARDEN CLUB, 10:30 a.m. Wednesday, Will Rogers Exhibition Center, 3400 NW 36. Pot luck luncheon. Speaker is La Donna Dunlop, Oklahoma County Cooperative Extension educator. OKLAHOMA HORTICULTURE SOCIETY, 7 p.m. Jan. 27, OSU Agriculture Resource Center, 400 N Portland. EVENTS SEED AND PLANT EXCHANGE, 10 a.m. to noon, Thursday, Norman Public Library, 225 N Webster, Norman.

  • The Listing of the Week: 3917 Redmont Court, Edmond

    Published: Sat, Jan 17, 2015

    The 4,846-square-foot home at 3917 Redmont Court has four bedrooms, three bathroom, one half-bath, three living rooms, two dining rooms and an attached three-car garage.

  • Oklahoma City Home & Garden Show inspires visitors

    FROM STAFF REPORTS | Published: Sat, Jan 17, 2015

    The latest in home improvement and landscaping will be on display Saturday and Sunday in the Cox Pavilion building at State Fair Park, 333 Gordon Cooper Boulevard.

  • Richard Mize: Insurance rate drop has horns

    BY RICHARD MIZE, Real Estate Editor | Updated: Fri, Jan 16, 2015

    Lost in the hurrahing and the minimal harrumphing over an FHA reduction in interest rates were these wee scamps, the devils in the details.

  • Smart Moves: Financial trade-offs for buyers in their 50s

    by Ellen James Martin | Published: Sat, Jan 17, 2015

    Baby boomers are the first generation that must worry about paying for their own retirement because many rely on largely self-funded 401(k) plans, instead of the employer-provided pensions of yore.

  • Oklahoma County land sales

    Published: Sat, Jan 17, 2015

    Oklahoma County land sales for Jan. 17, 2015

  • Oklahoma real estate news briefs, Jan. 17

    Published: Sat, Jan 17, 2015

    Oklahoma real estate news briefs, Jan. 17, 2015

  • The Nation's Housing Column: Not all buyers benefit from lower FHA interest rates

    BY KENNETH R. HARNEY | Published: Sat, Jan 17, 2015

    If you have a FICO score well above 720, and you’ve got money for a 5-percent down payment and a debt ratio below 45 percent, conventional is probably your better bet. But if your FICO is in the 600s and you have some complications to your application or debt issues, FHA will probably treat you kindlier.

  • At Home With Marni Jameson: The difference between good old and bad old

    By Marni Jameson | Published: Sat, Jan 17, 2015

    Sacramento, Calif., based interior designer Kerrie Kelly lists 10 once-popular decorating moves that did not get better with time.

  • Central Oklahoma Builder of the Year Steve Allen makes homes that feel more expensive

    BY TIM FALL, For The Oklahoman | Published: Sat, Jan 17, 2015

    Steve Allen, a longtime builder and developer, was recently named Builder of the Year by the Central Oklahoma Home Builders Association

  • Improving Your Home: Replacement windows: Out with the cold in the new year

    By Paul Bianchina | Published: Sat, Jan 17, 2015

    If you’re not relishing the thought of shivering through another winter with your drafty old windows, installing some new, energy-efficient vinyl windows might be an upgrade worth considering. You can have this done professionally, or you might want to consider tackling this as a do-it-yourself project; in many cases, it’s not as difficult as you might imagine, and you can even undertake the project in stages, replacing one or two windows at a time as your budget and time allows. (One note about replacing your windows in stages, however; some window models will occasionally be discontinued and replaced with different ones, so talk with your dealer about your time frame and the availability of the windows you want before

  • San Francisco mayor calls housing city's top priority

    Updated: Thu, Jan 15, 2015

    SAN FRANCISCO (AP) — With San Francisco's home prices soaring, Mayor Ed Lee unveiled plans Thursday to try to increase the city's stock of affordable housing and help more people buy homes. Lee, calling housing the city's "No. 1 priority," said in his State of the City speech that San Francisco has made progress in building new homes and protecting tenants, but it needs to do more. "Now more than ever, we must work to ensure that everyone shares in the city's prosperity, that this city is where everyone belongs," he said, speaking at a produce market in the Bayview district, one of the city's grittier neighborhoods.




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