Latest Home selling News

Insider Q&A: Realtors' group Chief Economist Lawrence Yun

Jan. 17, 2022 09:14 AM EST

LOS ANGELES (AP) — The U.S. housing market had another scorcher of a year in 2021, aided by low mortgage rates, a swell of demand that outstripped supply and a rebounding job market. The supply-demand equation remains sharply lopsided heading into the spring home-buying season,...

As South Florida condos age, more owners are willing to sell

Jan. 08, 2022 03:11 AM EST

FORT LAUDERDALE, Fla. (AP) — For some South Florida condo dwellers, that tap on the shoulder could lead to the deal of a lifetime. The tri-county’s white hot real estate market is prompting developers to take stock of the region’s older beach front high-rises as potential...

Record year for homes sales on Oahu, median price over $1M

Jan. 07, 2022 17:27 PM EST

HONOLULU (AP) — The median sale price for a single-family home on Oahu was over $1 million during the second half of 2021, a record high for Hawaii's most populous island. In December, the median price was $1,060,000, a 22% increase compared to 2020, Hawaii Public Radio reported....

Investing: Young adults are co-buying property with friends

Jan. 01, 2022 08:16 AM EST

SALT LAKE CITY (AP) — One night, Joey Howell and his roommate of three years were drinking beer and hanging out when their conversation turned to real estate. Two of their friends had recently teamed up to buy their first home together. “I think that kind of inspired us as we...

Some regret sitting on housing market sidelines

Dec. 26, 2021 03:11 AM EST

FORT LAUDERDALE, Fla. (AP) — As South Florida home prices spiked during the pandemic, some people decided to put their home shopping on pause in the hopes that prices might drop, a decision they are coming to regret. Now, a year-and-a-half into record price growth and dwindling...

Existing home sales, median price edged up in November

Dec. 22, 2021 19:54 PM EST

Sales of previously occupied U.S. homes rose for the third straight month in November, reflecting strong demand, low mortgage rates and intense competition for a relatively few number of properties on the market. Existing homes sales rose 1.9% last month from October to a...

General Mills earns, existing home sales, consumer spending

Dec. 20, 2021 01:11 AM EST

A look at some of the key business events and economic indicators upcoming this week: MIXED RESULTS? General Mills serves up its latest quarterly snapshot Tuesday. The maker of Cheerios, Nature Valley granola bars and Yoplait yogurt is expected to report...

Solid demand, backlog of home orders favors builders in '22

Dec. 16, 2021 12:32 PM EST

LOS ANGELES (AP) — U.S. homebuilder stocks have outpaced the broader market this year, and analysts are bullish on the prospects for more gains in 2022, despite expectations of continued supply chain woes. The SPDR S&P Homebuilders exchange-traded fund is up 45% this year. Two...

Rhode Island single-family home prices are up as sales slow

Nov. 28, 2021 11:13 AM EST

PROVIDENCE, R.I. (AP) — The median price of a single-family home in Rhode Island has continued to rise as the number of sales has slowed down, according to the Rhode Island Association of Realtors. The median price rose 12.7% in the past year, while the number of...

Housing market trends fuel single-family home rental growth

Nov. 24, 2021 14:20 PM EST

LOS ANGELES (AP) — Homebuilders and other real estate companies are increasingly betting that would-be homebuyers frustrated with a shortage of homes for sale and runaway prices will settle for renting their slice of the American Dream. While individual homeowners and...