Latest New residential sales News

Wearing masks amid concerns of the spread of COVID-19, volunteers Karen Cooperstein, right, and Edwin Chinchilla, left, prepare food for the pubic during a drive through food pantry distribution by Catholic Charities in Dallas, Thursday, July 2, 2020. (AP Photo/LM Otero)

US unemployment falls to 11%, but new shutdowns are underway

Jul. 2, 2020 4:28 PM EDT

WASHINGTON (AP) — U.S. unemployment fell to 11.1% in June as the economy added a solid 4.8 million jobs, the government reported Thursday. But the job-market recovery may already be faltering because of a new round of closings and layoffs triggered by a resurgence of the coronavirus. While the jobless rate...

FILE - This May 22, 2020 file photo shows a sold sign in front of a house in Brighton, N.Y. Long-term U.S. mortgage rates fell this week with the benchmark 30-year home loan hitting its lowest level ever. Mortgage buyer Freddie Mac reported Thursday, July 2 that the average rate on the key 30-year fixed-rate mortgage fell to 3.07%, down from last week’s 3.13%. (AP Photo/Ted Shaffrey, File)

US long-term mortgage rates hit all-time low again

Jul. 2, 2020 11:00 AM EDT

SILVER SPRING, Md. (AP) — Long-term U.S. mortgage rates fell this week with the benchmark 30-year home loan hitting its lowest level ever. Mortgage buyer Freddie Mac reported Thursday that the average rate on the key 30-year fixed-rate mortgage fell to 3.07%, down from last week's 3.13%. For the second...

FILE - In this Sept. 3, 2019 file photo a sign rests in front of a newly constructed home, in Westwood, Mass. U.S. home prices rose in April for the eighth straight month, even as sales have stumbled, a sign the coronavirus outbreak has had little impact on real estate values. The S&P CoreLogic Case-Shiller 20-city home price index climbed 4% in April, the largest gain since December 2018, up from 3.9% in March. (AP Photo/Steven Senne, File)

US home prices increase 4% in April

Jun. 30, 2020 10:13 AM EDT

WASHINGTON (AP) — U.S. home prices gains accelerated in April even as sales have stumbled, a sign the coronavirus outbreak has had little impact on real estate values. The S&P CoreLogic Case-Shiller 20-city home price index climbed 4% in April compared with a year earlier, the largest gain since...

FILE - In this June 20, 2018, file photo, an

US pending home sales see record-breaking rebound in May

Jun. 29, 2020 10:53 AM EDT

SILVER SPRING, Md. (AP) — The number of Americans signing contracts to buy homes rebounded a record 44.3% in May after a record-breaking decline the previous month, as the impact of the coronavirus pandemic sidelined both buyers and sellers. The National Association of Realtors said Monday that its index...

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 new home sales rise surprisingly strong 16.6% in May

Jun. 23, 2020 10:40 AM EDT

WASHINGTON (AP) — Sales of new homes rose a surprisingly strong 16.6% in May with the reopening of major parts of the country potentially fueling activity in the housing market. The Commerce Department reported Tuesday that sales of new single-family homes rose to a seasonally adjusted annual rate of...

US new home sales jump a stronger-than-expected 16.6% in May to annual rate of 676,000

Jun. 23, 2020 10:05 AM EDT
WASHINGTON (AP) — US new home sales jump a stronger-than-expected 16.6% in May to annual rate of 676,000.
A man looks at an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo March 13, 2020. Asian shares were mostly higher on Tuesday, June 23, 2020, tracking a late rally on Wall Street led by technology shares. (AP Photo/Eugene Hoshiko)

Asian shares advance, tracking Wall Street tech rally

Jun. 22, 2020 11:45 PM EDT

TOKYO (AP) — Asian shares were mostly higher on Tuesday, recovering from some early losses as regional markets tracked a late rally on Wall Street led by technology shares. Japan's benchmark Nikkei 225 surged 0.8% to 22,621.84. Hong Kong's Hang Seng index jumped 0.9% to 24,728.76 and South Korea's Kospi...

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. home sales jumped in February to their highest level in 13 years, a trend that will almost certainly be reversed as the viral outbreak keeps more people at home.  (AP Photo/Keith Srakocic)

Existing home sale plunge 9.7% in 3rd straight monthly drop

Jun. 22, 2020 10:34 AM EDT

WASHINGTON (AP) — Existing home sales in the U.S. plunged 9.7% in May. It was the third straight monthly decline and further evidence of the harm the virus pandemic has done to the housing market. The National Association of Realtors said Monday that the monthly decline pushed sales down to a seasonally...

This Week: New home sales, Nike earns, consumer spending

Jun. 22, 2020 9:54 AM EDT

A look at some of the key business events and economic indicators upcoming this week: HOUSING MARKET BELLWETHER The Commerce Department issues its May tally of new U.S. home sales Tuesday. Sales slowed in March as businesses closed in an effort to contain the coronavirus outbreak, but they picked up again in...

FILE - In this June 11, 2020 file photo, a woman wears a mask as she walks past a sale sign displayed at a retail store in Deerfield, Ill.  The Commerce Department issues its May tally of U.S. retail sales Tuesday, June 16.  (AP Photo/Nam Y. Huh, File)

This Week: Retail sales, housing starts, CarMax earns

Jun. 15, 2020 1:00 AM EDT

A look at some of the key business events and economic indicators upcoming this week: RETAIL REBOUND? The shutdowns and stay-at-home orders due to the coronavirus have led to steep declines in retail sales nationwide. Sales plunged by a record 16.4% in April. That followed a skid of 8.3% in March. But now that...