Latest Home sales News

Startups push into Tampa Bay’s competitive housing market

May. 22, 2022 03:11 AM EDT

TAMPA, Fla. (AP) — For nearly a month, Julie Youngblood has been traveling across Florida to meet with real estate agents. She’s helping the Austin-based company Homeward — which pays cash for homes upfront while homebuyers finalize their own financing — launch in the...

Asian stocks rise after Wall St slips closer to bear market

May. 20, 2022 00:34 AM EDT

BEIJING (AP) — Asian stock markets rose Friday after Wall Street fell closer to bear territory, China cut a key interest rate and Japanese inflation edged higher. Market benchmarks in Shanghai, Tokyo, Hong Kong and Sydney advanced. Oil prices fell more than $1 per barrel. ...

Kohl's cuts annual forecast, as it gets stung with inflation

May. 19, 2022 14:33 PM EDT

NEW YORK (AP) — Kohl’s Corp. cut its annual earnings and sales forecast, as the department store chain joins a string of retailers stung with soaring inflation. The reduction, announced Thursday, came as it reported fiscal first-quarter results that came below analysts'...

Home sales tumble again as mortgage rates surge

May. 19, 2022 10:58 AM EDT

Sales of previously occupied U.S. homes slowed for the third consecutive month in April as mortgage rates surged, driving up borrowing costs for would-be buyers as home prices soared to new highs. Existing home sales fell 2.4% last month from March to a seasonally adjusted annual...

Average long-term U.S. mortgage rates edge down to 5.25%

May. 19, 2022 10:52 AM EDT

WASHINGTON (AP) — Average long-term U.S. mortgage rates retreated modestly this week, but interest on the key 30-year loan remains at decade-high levels. Mortgage buyer Freddie Mac reported Thursday that the 30-year rate slipped to 5.25% from 5.3% last week. By contrast, the...

Home Depot overcomes slow start to year, rising home prices

May. 17, 2022 07:04 AM EDT

Home Depot's first-quarter sales improved despite a slow spring start and the home improvement chain raised its full-year guidance. Revenue increased about 4% to $38.91 billion, easily beating Wall Street expectations, according to a survey of analysts by Zacks Investment Research. ...

This Week: US retail sales, home sales, Deere & Co. earns

May. 16, 2022 00:17 AM EDT

A look at some of the key business events and economic indicators upcoming this week: SIZING UP RETAIL SALES The Commerce Department serves up its monthly tally of U.S. retail sales Tuesday. Economists predict sales at restaurants, shops and other...

Average long-term US mortgage rates edge up to 5.3%

May. 12, 2022 10:12 AM EDT

WASHINGTON (AP) — Average long-term U.S. mortgage rates edged up again this week, with interest on the key 30-year loan at its highest level since 2009. Mortgage buyer Freddie Mac reported Thursday that the 30-year rate ticked up to 5.3% from 5.27% last week. By...

Rural home sales in South Dakota heat up

May. 11, 2022 11:47 AM EDT

SIOUX FALLS, S.D. (AP) — Real estate agents says the hot housing market in South Dakota's larger cities has spilled over to the state's more rural areas. While the competition is the highest in Sioux Falls and Rapid City where prices have increased about 20% over last year, the...

US mortgage rates rise; 30-year at 5.27%, highest since 2009

May. 05, 2022 15:32 PM EDT

WASHINGTON (AP) — Average long-term U.S. mortgage rates resumed their ascent this week, as the key 30-year loan reached its highest point since 2009. The increases came in the week preceding the widely anticipated action by the Federal Reserve, announced Wednesday, to intensify its...