Latest Home sales News

This May 22, 2020 photo shows a sold sign in front of a house in Brighton, N.Y.  On Thursday, May 28, long-term U.S. mortgage rates fell this week as the key 30-year home loan marked an all-time low for the third time in the last few months since the coronavirus outbreak took hold. Mortgage buyer Freddie Mac reports that the average rate on the 30-year loan tumbled to 3.15% from 3.24% last week. (AP Photo/Ted Shaffrey)

US mortgage rates fall; 30-year loan at all-time low 3.15%

May. 28, 2020 3:00 PM EDT

WASHINGTON (AP) — Long-term U.S. mortgage rates fell this week as the key 30-year home loan marked an all-time low for the third time in the last few months since the coronavirus outbreak took hold. Mortgage buyer Freddie Mac reported Thursday that the average rate on the 30-year loan tumbled to 3.15%...

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...

Model homes and for sale signs line the streets as construction continues at a housing plan in Zelienople, Pa., Wednesday, March 18, 2020.  U.S. new home sales fell 4.4% in February with bigger declines expected in coming months as the coronavirus puts a major crimp on home sales. (AP Photo/Keith Srakocic)

US new-home sales post slight gain in April

May. 26, 2020 10:39 AM EDT

BALTIMORE (AP) — U.S. new home sales ticked up 0.6% in April, a surprising gain amid the coronavirus outbreak that hints at the relative health of potential buyers. The Commerce Department reported Tuesday that sales of new single-family homes rose slightly to a seasonally adjusted annual rate of 623,000...

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...

This Week: New home sales, US GDP, consumer spending

May. 25, 2020 1:10 AM EDT

A look at some of the key business events and economic indicators upcoming this week: HOUSING MARKET BELLWETHER The economic fallout from the coronavirus pandemic has spared few areas of the economy, and the market for newly built homes is no exception. Sales of new U.S. homes plunged 15.4% in March to a...

Anna Wines, 3, of Bath, Maine, helps carry American flags while her family places new flags next to the gravestone of each veteran at Riverside Cemetery in Lewiston, Maine, Thursday, May 21, 2020. Volunteers will place nearly 7,500 new flags near veterans' graves at the 13 cemeteries across Lewiston, Maine, by Memorial Day. (Daryn Slover/Sun Journal via AP)

Maine governor calls for courage in fighting 'unseen' killer

May. 22, 2020 9:32 PM EDT

AUGUSTA, Maine (AP) — Maine Gov. Janet Mills ordered flags lowered to half-staff Friday as she expressed appreciation for the state’s military veterans — and invoked their courage in the state’s current battle against an unseen enemy. The governor spoke about Mainers who served in past...

A man stands in front of an electronic stock board showing Japan's Nikkei 225 index as a track goes by at a securities firm in Tokyo Friday, May 22, 2020. Shares are slipping in Asia as tensions flare between the U.S. and China and as more job losses add to the economic fallout from the coronavirus pandemic. (AP Photo/Eugene Hoshiko)

Wall Street ends a choppy day mostly higher; crude oil falls

May. 22, 2020 5:08 PM EDT

Stock indexes finished mostly higher Friday as Wall Street shook off an early slide, closing out a solid week of gains for the market. The S&P 500 index inched up 0.2% after having been down 0.5%. It ended the week with a 3.2% gain, largely due to a big rally on Monday that offset all of the benchmark...

A woman wearing a face mask walks past a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Thursday, May 21, 2020. Asian stock markets are mixed after Wall Street rose amid Chinese trade tension with Washington and Australia. Investors looked ahead to Friday’s meeting of China’s legislature for details of possible new steps by Beijing to stimulate its virus-battered economy.(AP Photo/Vincent Yu)

Asian shares fall on US friction with China, Hong Kong fears

May. 21, 2020 11:56 PM EDT

BANGKOK (AP) — Shares slipped in Asia on Friday as tensions flared between the U.S. and China and as more job losses compounded the economic fallout from the coronavirus pandemic. Hong Kong’s benchmark led regional losses, dropping 3.9% to 23,332.78 after the central government in Beijing said...

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...

FILE- In this Jan. 4, 2019, file photo a sign hangs outside a house for sale in Pittsburgh's Lawrenceville neighborhood.  On Thursday, May 21, 2020, Long-term U.S. mortgage rates eased this week in a housing market battered by the shutdown spurred by the coronavirus pandemic. Rates hovered near all-time lows as the benchmark 30-year home loan stayed below 3.30% for the fourth straight week.(AP Photo/Keith Srakocic, File)

US long-term mortgage rates ease; 30-year at 3.24%

May. 21, 2020 1:06 PM EDT

WASHINGTON (AP) — Long-term U.S. mortgage rates eased this week in a housing market battered by the shutdown spurred by the coronavirus pandemic. Rates hovered near all-time lows as the benchmark 30-year home loan stayed below 3.30% for the fourth straight week. Mortgage buyer Freddie Mac reported...