home sales News

As Climate Risks Increase, New York Could Require Flood Disclosures in Home Sales

HIGHLAND FALLS, N.Y. (AP) — Alan Oligario`s home is prone to flooding — and he wishes someone had told him before he bought it. His initial flood came in the first year after he bought the house in Highland Falls, …

Builders Grapple With Land Shortage, Soaring Lumber Costs

LOS ANGELES (AP) — U.S. homebuilders are poised to benefit this spring homebuying season amid strong demand, low mortgage rates and an all-time low inventory of previously occupied homes for sale. But soaring lumber prices and a shortage of construction-ready …

Some Dump Homes While Others Hunt for Bargains After Sandy

“Reduced for Quick Sale!” reads Mike Montalbano’s Craigslist ad for the three-bedroom home he needs to sell before he can relocate for a new job. The drywall is new, as are the appliances. The only problem? Location. Montalbano’s home is …