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Internal Revenue Service (IRS) Commissioner John Koskinen testifying on Capitol Hill in Washington.

Chances of Getting Audited by IRS Lowest in Years

REAL ESTATE | By Stephen Ohlemacher | Tuesday Apr 15, 2014
As millions of Americans race to meet today’s tax deadline, their chances of getting audited are lower than they have been in years. Budget cuts and new responsibilities are straining the Internal Revenue Service’s ability to police tax returns.

Average US 30-Year Mortgage Rate Down to 4.34 Pct.

REAL ESTATE | Apr 11
Average U.S. rates on fixed mortgages declined this week, edging closer to historically low levels as the spring home-buying season begins.

Growing Demand for US Apartments Pushing Up Rents

REAL ESTATE | By Alex Veiga | Apr 9
These are good times for U.S. landlords. For many tenants, not so much. With demand for apartments surging, rents are projected to rise for a fifth straight year. Even a pickup in apartment construction is unlikely to provide much relief anytime soon.

A home for sale in Shaker Heights, Ohio.

US Home Prices Dip in Jan. for 3rd Straight Month

REAL ESTATE | By Christopher S. Rugaber | Mar 28
U.S. home prices dipped in January for a third straight month, likely because of slower sales in recent months caused by cold weather, a limited supply of homes and higher mortgage rates.

Roofers install a roof on a new construction home in Pepper Pike, Ohio.

Sales of New US Homes Fell 3.3 Percent in February

REAL ESTATE | By Josh Boak | Mar 27
Fewer people bought new U.S. homes in February. Sales fell to their slowest pace in five months, a sign that the housing market has yet to recover fully from brutal winter weather.

From left, Mary Iverson, Will Hillebrenner and Heather Scott stand on the porch of a Victorian home in the Historic Oakwood neighborhood of Raleigh, N.C.

Modern Home Divides Southern Historic Neighborhood

REAL ESTATE | By Allen G. Breed | Mar 24
Architect Louis Cherry sees the two-story structure - with its exposed beams, masonry piers, deep overhangs and shallow-pitched roof - as a "contemporary interpretation" of the Craftsman-style homes that dot the city’s Historic Oakwood District.

Pharrell Williams’ "Happy" Home on Market for $10.999 Million

REAL ESTATE | By EDGE | Mar 20
Pharrell Williams has put his Miami penthouse on the market for a cool $10.999 million, and from the looks of it, it should make someone very "happy."

Monitor: Big Banks Satisfy Mortgage Settlement

REAL ESTATE | Mar 20
The nation’s four biggest banks slashed billions of dollars from mortgages and other debts, enough to satisfy their obligations under a national mortgage settlement that stemmed from so-called robo-signing.

San Francisco Ups Total it Will Lend to Homebuyers

REAL ESTATE | Mar 20
San Francisco will now lend as much as $200,000 to some homebuyers toward a down payment on their first house or condominium. Mayor Ed Lee’s decision to double the previous limit of $100,000 was intended to help middle-class residents.

US Homebuilder Confidence Edges Higher in March

REAL ESTATE | By Alex Veiga | Mar 18
U.S. homebuilders’ confidence in the housing market edged higher this month, reflecting improved demand for new homes as the traditional spring home-selling season ramps up.

Average US 30-Year Mortgage Rate Up to 4.37 Pct.

REAL ESTATE | Mar 17
Average U.S. rates on fixed mortgages rose last week but remained close to historically low levels. Mortgage buyer Freddie Mac said the average rate for the 30-year loan increased to 4.37 percent from 4.28 percent last week.