Latest Home buying News

Investors are buying Tampa Bay homes at a record rate

Dec. 04, 2021 03:14 AM EST

ST. PETERSBURG, Fla. (AP) — For Lou Brown, a Realtor with a firm in Midtown St. Petersburg, it used to be unusual to represent a prospective buyer who lost their desired house in a bidding war to an investor. Now, it’s harder to think of instances where that hasn’t...

US long-term mortgage rates relatively flat this week

Dec. 02, 2021 10:19 AM EST

SILVER SPRING, Md. (AP) — The average interest rate for long-term mortgages in the U.S. remained flat this week, following the Federal Reserve suggesting that it would start tightening credit by raising its benchmark rate. Mortgage buyer Freddie Mac reported Thursday...

Community helps beloved UO adviser buy home

Nov. 30, 2021 15:10 PM EST

EUGENE, Ore. (AP) — Mo Young credits Lyllye Reynolds-Parker with her brother’s life. “I have no doubt that along with the hard work that my brother put in, Ms. Lyllye saved him. I have no doubt in my mind,” Young said. “That is a debt that I could never...

Group developing plan to save silt-laden Iowa lake

Nov. 29, 2021 16:20 PM EST

NORTH LIBERTY, Iowa (AP) — A nonprofit is working with the U.S. Army Corps of Engineers to develop a plan to save a suburban Iowa City lake from rapid sedimentation that threatens to render it unusable in as few as 20 years. Jon Kounkel is president of the group,...

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...

October existing home sales hit fastest pace since January

Nov. 22, 2021 11:28 AM EST

Sales of previously occupied U.S. homes ticked higher in October, marking their strongest annual pace since January even as competition for relatively few properties on the market pushed prices higher. Existing homes sales rose 0.8% last month from September to a...

Police: 1-year-old boy shot as mother walked home from store

Nov. 21, 2021 17:19 PM EST

HOUSTON (AP) — Police were trying to determine how a 1-year-old boy was shot as his mother was walking home Sunday after buying milk at a store in Houston, according to authorities. The boy’s mother told police that as she walked home in southwest Houston around 9...

US average 30-year mortgage rate back up over 3% this week

Nov. 18, 2021 10:07 AM EST

SILVER SPRING, Md. (AP) — The average long-term U.S. mortgage rate rose this week, with the main 30-year rate inching back up over 3%. Mortgage buyer Freddie Mac reported Thursday that the average rate on the 30-year benchmark home loan jumped to a still-low 3.1% from...

Nelly Korda has a new coach in middle of a breakout season

Nov. 16, 2021 18:04 PM EST

NAPLES, Fla. (AP) — Nelly Korda won her first major championship, rose to No. 1 in the world for the first time in her career and topped it off by winning an Olympic gold medal. That didn’t stop the quest to improve, which is why she has a new coach. ...

New program helps families get homes in rising market

Nov. 13, 2021 08:17 AM EST

OGDEN, Utah (AP) — As things stood, Abby Reader, a junior high music teacher, figured she and her family would be renting long into the indefinite future. She and her husband, Kevin, living in a rental that was too small for their growing family, had been hoping to get...