Latest Home selling News

FILE - In this April 27, 2020 file photo shows a sale pending sign on a home in Mount Lebanon, Pa   The National Association of Realtors releases its April report on pending home sales, which are seen as a barometer of future purchases on Thursday, May 28.(AP Photo/Gene J. Puskar, File)

Pending home sales plunged 21.8% in April on a monthly basis

May. 28, 2020 10:06 AM EDT

BALTIMORE (AP) — April had a record collapse in Americans signing contracts to buy homes, a reflection of the broader shutdown of economic activity in response to the coronavirus outbreak. The National Association of Realtors said Thursday that its pending home sales index plunged 21.8% from the prior...

FILE- In this June 8, 2018, file photo a for sale sign stands in front of a house, in Jenkintown, Pa.  U.S. home prices accelerated in March 2020 even though sales plummeted, as those Americans still buying bid for a sharply diminished supply of homes. (AP Photo/Matt Rourke, File)

US home price gains quickened in March as sales plunged

May. 26, 2020 10:04 AM EDT

WASHINGTON (AP) — U.S. home prices accelerated in March even though sales plummeted, as those Americans still house shopping were forced to bid for a sharply diminished supply of homes. The S&P CoreLogic Case-Shiller 20-city home price index rose 3.9% in March, the largest gain in more than a year, up...

President Donald Trump speaks as he tours Ford's Rawsonville Components Plant that has been converted to making personal protection and medical equipment, Thursday, May 21, 2020, in Ypsilanti, Mich. (AP Photo/Alex Brandon)

What you need to know today about the virus outbreak

May. 21, 2020 4:51 PM EDT

Pandemic politics shadowed President Donald Trump’s trip to Michigan to highlight lifesaving medical devices, with the president and officials from the electoral battleground state clashing over federal aid, mail-in ballots and face masks. The president did not wear a face covering Thursday despite a...

In this March 18, 2020 photo, Construction continues at a housing plan in Zelienople, Pa.,  The housing market has stalled, but homebuilder stocks are up sharply amid signs that sales are starting to improve. Still, the outlook for a housing market recovery remains cloudy, given uncertainty over the pandemic's impact. (AP Photo/Keith Srakocic)

Homebuilders climb even as housing outlook remains cloudy

May. 21, 2020 4:33 PM EDT

LOS ANGELES (AP) — The U.S. economy and housing market had set homebuilders up for a strong 2020. That was before the efforts to stem the spread of the coronavirus pandemic knocked the economy into a skid, dimmed consumer confidence and left a record number of Americans unemployed. The housing market...

This April 16, 2020 photo shows a real estate company sign that marks a home for sale in Harmony, Pa.  U.S. new home sales plunged 15.4% in March as the lockdowns that began in the middle of the month began to rattle the housing market.
The Commerce Department reported Thursday, April 23,  that sales of new single-family homes dropped to a seasonally ajdjusted annual rate of 627,000 last month after sales had fallen 4.6% in February.  (AP Photo/Keith Srakocic)

US existing home sales plunge 17.8% in April

May. 21, 2020 11:07 AM EDT

WASHINGTON (AP) — Sales of existing homes plunged 17.8% in April with the real estate market still in the grips of the coronavirus pandemic. The National Association of Realtors said Thursday that last month's decline pushed sales down to a seasonally adjusted annual rate of 4.33 million units, the slowest...

Sales of existing homes plunge 17.8% in April to 4.33 million rate, slowest since 2011

May. 21, 2020 10:04 AM EDT
WASHINGTON (AP) — Sales of existing homes plunge 17.8% in April to 4.33 million rate, slowest since 2011.
In this undated photo provide by Haus Services, Inc., Ralph McLaughlin poses for a photo. The coronavirus has caused U.S. home sales to slump, but prices have been sturdy. The situation will likely be rough until the threat from the outbreak subsides, says McLaughlin, chief economist at Haus, a company that co-invests with homebuyers as an alternative to traditional mortgages. (Jonathan McNulty/Haus Services, Inc. via AP)

Economist's forecast: Slumping home sales but steady prices

May. 17, 2020 9:49 AM EDT

The coronavirus has depressed U.S. home sales, just as it has nearly every economic sector. Perhaps surprisingly, though, prices have remained fairly sturdy. Still, prospects for the housing industry will remain bleak until the outbreak subsides. The Associated Press spoke recently with Ralph McLaughlin, chief...

This April 16, 2020 photo shows a real estate company sign that marks a home for sale in Harmony, Pa. U.S. home sales showed signs of collapsing in March, as the number of contract signs plunged sharply because of the coronavirus outbreak. The National Association of Realtors said Wednesday, April 29,  that its pending home sales index, which measures signed buyer contracts, plummeted a seasonally adjusted 20.8% in March from the prior month to a reading of 88.2.  (AP Photo/Keith Srakocic, File)

US pending home sales sank 20.8% in March

Apr. 29, 2020 10:40 AM EDT

BALTIMORE (AP) — U.S. home sales showed signs of collapsing in March, as the number of contract signs plunged sharply because of the coronavirus outbreak. The National Association of Realtors said Wednesday that its pending home sales index, which measures signed buyer contracts, plummeted a seasonally...

FILE - This Aug. 15, 2005, file photo, shows a housing development with the Las Vegas Strip in the background. Las Vegas-area home prices hit a record high in March, ahead of the economic shutdown prompted by the coronavirus pandemic. Las Vegas Realtors reported Tuesday, April 7, 2020, the median sales price of previously owned single-family homes climbed to $319,000, topping the previous record $316,000 set in February and up 6.3% from March 2019. Home sales were up 5.2% during the month, and up 11.7% for condominiums and townhouses. (AP Photo/Joe Cavaretta, File)

US home prices rose before viral outbreak shut economy

Apr. 28, 2020 9:03 AM EDT

WASHINGTON (AP) — U.S home prices were rising at a steady pace in February, before the viral outbreak shuttered much of the economy and caused a sharp decline in home sales. March sales of new and existing homes then plummeted as much of the U.S. population sheltered in place. The S&P CoreLogic...

FILE - In this Oct. 22, 2019, file photo, a sign stands outside a home for sale in southeast Denver. On Friday, Feb. 21, 2020, the National Association of Realtors reports on sales of existing homes in January, (AP Photo/David Zalubowski, File)

US home sales plunge 8.5% in March, and it may grow worse

Apr. 21, 2020 10:31 AM EDT

BALTIMORE (AP) — U.S. sales of existing homes cratered 8.5% in March with real estate activity stalled by the coronavirus outbreak. The National Association of Realtors said Tuesday that 5.27 million homes sold last month, down from 5.76 million in February. The decrease was the steepest since November...