Latest Home sales News

FILE - In this April 1, 2020 photo, a

Sales of new homes surge 4.8% in August

Sep. 24, 2020 12:11 PM EDT

NEW YORK (AP) — Demand for new homes continues to surge despite an ongoing pandemic and lingering anxiety about the U.S. economy. The pace of sales have now reached levels last seen before the Great Recession in 2006. Sales new homes in August rose by a very strong 4.8% to a seasonally-adjusted annual...

Sales of new homes rise 4.8% in August to 1.01 million unit annual rate

Sep. 24, 2020 10:04 AM EDT
WASHINGTON (AP) — Sales of new homes rise 4.8% in August to 1.01 million unit annual rate.
FILE - In this July 21, 2020, file photo, a homeowner tours his new home, in Washingtonville, N.Y. U.S. average rates on long-term mortgages fell this week amid signs that the halting economic recovery slowed over the summer. The key 30-year mortgage again marked an all-time low. Mortgage buyer Freddie Mac reports that the average rate on the 30-year home loan declined to 2.86% from 2.93% last week. (AP Photo/John Minchillo, File)

Mortgage rates tick up to 2.9%, remain at historic lows

Sep. 24, 2020 10:01 AM EDT

SILVER SPRING, Md. (AP) — U.S. average rates on long-term mortgages rose slightly this week but remain at historically low levels. Mortgage buyer Freddie Mac reported Thursday that the average rate on the 30-year home loan edged up to 2.90% from 2.87% last week. One year ago, the rate averaged 3.64%. The...

FILE - In this April 1, 2020 photo, a

US homes sales rise 2.4% in August

Sep. 22, 2020 1:07 PM EDT

SILVER SPRING, Md. (AP) — Sales of existing homes rose 2.4% in August to its highest level since 2006 as the housing market recovers from a widespread shutdown in the spring brought on by the coronavirus outbreak. The National Association of Realtors said Tuesday that sales rose to a seasonally adjusted...

US homes sales rise 2.4% August, hitting highest level since 2006

Sep. 22, 2020 10:03 AM EDT
WASHINGTON (AP) — US homes sales rise 2.4% August, hitting highest level since 2006.

This Week: Home sales, Costco earns, durable goods orders

Sep. 21, 2020 1:10 AM EDT

A look at some of the key business events and economic indicators upcoming this week: WHITE HOT HOUSING MARKET U.S. home sales have surged this summer, fueled by ultra-low mortgage rates and competition for a limited supply of properties. Sales of previously occupied U.S. homes jumped by a record 24.7% in July...

People wearing face masks walk past a bank's electronic board showing the Hong Kong share index in Hong Kong, Tuesday, Sept. 15, 2020. Asian stocks were mixed Tuesday after Wall Street rose on a flurry of corporate deals and China's economic activity improved. (AP Photo/Vincent Yu)

Asian markets mixed after Wall Street rises on dealmaking

Sep. 15, 2020 12:06 AM EDT

Asian stocks were mixed Tuesday after Wall Street rose on a flurry of corporate deals and China's economic activity improved. Tokyo declined while Hong Kong and Seoul gained. Shanghai was little-changed. Wall Street's S&P 500 index closed 1.3% higher, driven by gains for technology, health care and finance...

FILE - In this Sept. 3, 2019 file photo a sign rests in front of a newly constructed home, in Westwood, Mass. U.S. average rates on long-term mortgages changed little this week, remaining at historically low levels that has sparked demand for homes.  (AP Photo/Steven Senne, File)

US long-term mortgage rates little changed; 30-year at 2.93%

Sep. 3, 2020 11:59 AM EDT

WASHINGTON (AP) — U.S. average rates on long-term mortgages changed little this week, remaining at historically low levels that has sparked demand for homes. Mortgage buyer Freddie Mac reported Thursday that the average rate on the 30-year home loan ticked up to 2.93% from 2.91% last week. By contrast, the...

This Monday, April 27, 2020 photo shows a sale pending sign on a home in Mount Lebanon, Pa.  The number of Americans signing contracts to buy homes rose for the second straight month as the housing market appears to be recovering from a devastating spring freeze because of the coronavirus outbreak. The National Association of Realtors said Wednesday, July 29,  that its index of pending sales rose 16.6% to 116.1 in June.(AP Photo/Gene J. Puskar)

More Americans sign contracts to buy homes in July

Aug. 27, 2020 10:01 AM EDT

SILVER SPRING, Md. (AP) — More Americans signed contracts to buy homes in July, suggesting the current hot housing market could continue in the fall. The National Association of Realtors said Thursday that its index of pending sales rose 5.9%, to 122.1 last month. It had plunged to a low of 69 in April,...

FILE - In this April 1, 2020 photo, a

July sales of new homes surge 13.9%, far more than thought

Aug. 25, 2020 11:36 AM EDT

SILVER SPRING, Md. (AP) — Sales of new homes jumped again in July, rising 13.9% as the housing market continues to gain traction following a spring downturn caused by pandemic-related lockdowns. The Commerce Department reported Tuesday that July's gain propelled sales of new homes to a seasonally-adjusted...