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As she hunted for her first house to buy, Ahlena Kelly diligently checked the different Quad-City real estate websites on her cellphone — ofte…

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New homeowner Ahlena Kelly, left, and her real estate agent, Sara Smith, discuss the challenges of searching for a home in a competitive Quad-…

  • Anthony Devlin
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Britain's Prime Minister Theresa May speaks with employee Graeme Sharrocks, left, during a visit to IKO Polymetric factory in Chesterfield, En…

  • Elise Amendola
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FILE - In this March 6, 2017, file photo, a mortgage rate graph is displayed on a computer in North Andover, Mass. On Thursday, April 27, 2017…

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WASHINGTON (AP) — Long-term U.S. mortgage rates rose this week for the first time in five weeks. The benchmark 30-year rate pushed back above the key threshold of 4 percent.

  • Gene J. Puskar
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FILE - This Tuesday, March 21, 2017, file photo shows a home with a sale pending in Sewickley, Pa. On Thursday, April 27, 2017, the National A…

  • By MATT OTT Associated Press
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WASHINGTON (AP) — Fewer consumers signed contracts to buy U.S. homes last month as the spring buying season revs up with stiff competition for homes amid lagging inventory.


The asking price of $3.5 million brings with it six houses, the shuttered general store and a working power station. But the elementary school…

  • Keith Srakocic
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In this Monday, Feb. 27, 2017, photo, real estate signs mark the lots near one of the new homes for sale in a development for new homes in Cra…

  • By JOSH BOAK AP Economics Writer
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WASHINGTON (AP) — U.S. sales of new homes shot up in March to the fastest pace in 8 months, as more Americans are upgrading their houses in a positive sign for the broader economy.