Latest Home sales News

Buyers vie for fewer homes as listings decline

Jan. 28, 2022 13:57 PM EST

LOS ANGELES (AP) — Hoping to buy a home that fits your needs and budget in the next few weeks? You might want to settle in for a long search. The inventory of homes for sale nationally dropped to its lowest level in more than two decades last month. And a snapshot of this month so...

US new home sales jump in December as prices fall

Jan. 26, 2022 11:14 AM EST

SILVER SPRING, Md. (AP) — Sales of new single family homes in December rose to their highest level in 10 months as buyers snapped up cheaper homes in anticipation of higher interest rates. The increase put the seasonally adjusted annual sales pace to 811,000 for the month,...

Maine real estate prices soared in 2021, sales ticked up

Jan. 21, 2022 02:04 AM EST

PORTLAND, Maine (AP) — Maine home prices increased by more than a sixth in 2021 while the volume of sales also increased slightly. Single-family existing homes rose to a median sales price of $299,000 last year, the Maine Association of Realtors said Thursday. Sales went up a...

US home sales fall with available properties at a record low

Jan. 20, 2022 10:47 AM EST

WASHINGTON (AP) — Sales of previously occupied homes fell in December for the first time in four months as many would-be buyers were frustrated by a lack of available houses, which fell to the lowest level in more than two decades. Existing home sales dropped 4.6% last month from...

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....

Red-hot housing market to fuel record borrowing in '22

Jan. 06, 2022 11:00 AM EST

LOS ANGELES (AP) — The fierce competition, low mortgage rates and soaring prices that helped raise mortgage borrowing to record heights last year is expected to drive lending even higher this year, experts say. Banks lent an estimated $1.61 trillion for home purchases last year,...

New home sales jump 12.4% in November, highest in 7 months

Dec. 23, 2021 10:54 AM EST

WASHINGTON (AP) — Sales of new single-family homes rose 12.4% in November, the fastest pace in seven months, as the housing industry continued to benefit from low mortgage rates and strong demand. The November increase pushed the seasonally adjusted annual sales pace to 744,000...

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...