Finance & Mortgage

Florida sees rise in home prices in 2012

New housing data showed that pending sales, closed sales and median prices rose in Florida, while the inventory of homes and condos for sale dropped in Florida's housing market in May, according to the Florida Realtors.

Canadian government tightened conditions for borrowers and lenders

The Canadian federal government announced plans to tighten rules on mortgage lending in a bid to curb rising household debt levels.

Real estate is recovering: BMO Capital Markets

Even though there's been a drop in U.S. housing prices, the real estate market is still recovering, according to BMO Capital Markets Economics, a financial services company.