Latest Home buying News

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US home sales fell 1.3% in January

Feb. 21, 2020 1:43 PM EST

WASHINGTON (AP) — U.S. home sales retreated 1.3% in January from the prior month, but low mortgage rates helped enable an increase in purchases from a year ago. The National Association of Realtors said Friday that sales of existing homes slipped last month to a seasonally adjusted annual rate of 5.46...

Democratic presidential candidate Sen. Bernie Sanders, I-Vt., speaks during a Democratic presidential primary debate Wednesday, Feb. 19, 2020, in Las Vegas, hosted by NBC News and MSNBC. (AP Photo/John Locher)

Sanders' 'summer camp' in Vermont becomes fodder in debate

Feb. 20, 2020 9:33 PM EST

MONTPELIER, Vt. (AP) — Can a socialist own a summer house? That's the question unabashed capitalist billionaire Mike Bloomberg — who himself owns about a dozen homes — posed as he tried to brand Sen. Bernie Sanders a hypocrite in Wednesday night's fiery Democratic presidential primary debate....

A glance at mortgage rates; 30-year rate rises for 2nd week

Feb. 20, 2020 3:47 PM EST
U.S. long-term mortgage rates rose slightly for the second straight week, but remain at historically low levels that provide an incentive for potential home buyers. This week Last week Year ago 30-year fixed 3.49 3.47 4.35 15-year fixed 2.99 2.97 3.78 5-year adjustable 3.25 3.28 3.84
FILE - This April 13, 2019, file photo, shows rows of homes, in suburban Salt Lake City. Americans took out nearly $150 billion in loans backed by the Federal Housing Administration to buy homes in 2018. Nearly 83% of those FHA borrowers were first-time home buyers, according to the Department of Housing and Urban Development. (AP Photo/Rick Bowmer, File)

Can't find an affordable FHA-approved home? You have options

Feb. 20, 2020 11:26 AM EST

Americans took out nearly $150 billion in loans backed by the Federal Housing Administration to buy homes in 2018. Nearly 83% of those FHA borrowers were first-time home buyers, according to the Department of Housing and Urban Development. It's unsurprising that FHA loans are especially popular with first-time...

In this Feb. 11, 2020, photo, Ken Zurek, 63, poses for a photo at his home in Highland, Ind. Zurek and his wife arrived in China days before news broke of the coronavirus. They cut their trip short because of the virus and decided to self quarantine themselves in their Highland home for 15 days, just as an extra precaution. (Zbigniew Bzdak/Chicago Tribune via AP)

Home quarantine for travelers buys time as new virus spreads

Feb. 16, 2020 1:39 PM EST

On his return from China last week, Dr. Ian Lipkin quarantined himself in his basement. His wife now puts his food on the stairs. He’s run out of things to watch on Netflix. At odd hours, he walks in New York's Central Park, keeping 10 feet away from others. Lipkin is among hundreds of people in the U.S....

Democratic presidential candidate and former New York City Mayor Mike Bloomberg greets supporters after speaking at a campaign event in Raleigh, N.C., Thursday, Feb. 13, 2020. (AP Photo/Gerald Herbert)

2020 Democrats step up attacks to blunt Bloomberg's rise

Feb. 14, 2020 7:31 AM EST

WASHINGTON (AP) — Democratic presidential candidates hoping to revive their flagging campaigns increasingly took aim at Mike Bloomberg, blasting their billionaire rival for trying to buy his way into the White House and raising questions about his commitment to racial equality. Struggling to recover from...

FILE - In this Oct. 28, 2019, file photo, President Donald Trump shakes hands with Attorney General William Barr before Trump signed an executive order creating a commission to study law enforcement and justice at the International Association of Chiefs of Police Convention in Chicago. Attorney General William Barr took a public swipe Thursday at President Donald Trump, saying that the president’s tweets about Justice Department prosecutors and cases “make it impossible for me to do my job.”  Barr made the comment during an interview with ABC News just days after the Justice Department overruled its own prosecutors. they had initially recommended in a court filing that President Donald Trump’s longtime ally and confidant Roger Stone be sentenced to 7 to 9 years in prison. But the next day, the Justice Department took the extraordinary step of lowering the amount of prison time it would seek for Stone.  (AP Photo/Charles Rex Arbogast, File)

10 Things to Know for Today

Feb. 14, 2020 5:24 AM EST

Your daily look at late-breaking news, upcoming events and the stories that will be talked about today: 1. ‘WHAT A SAD DISAPPOINTMENT’ Top House Democrats are planning to investigate what they call Attorney General William Barr’s efforts to politicize federal law enforcement. 2. CHINA SEES...

FILE - This April 13, 2019, file photo, shows homes in suburban Salt Lake City. Americans shopping for a home this spring may face more competition than they have in years. (AP Photo/Rick Bowmer, File)

Buyers face more competition amid shortage of home listings

Feb. 13, 2020 2:02 PM EST

LOS ANGELES (AP) — Americans shopping for a home this spring may face more competition than they have in years. A strong labor market and growing pool of would-be buyers as more millennials enter their 30s is expected to fuel demand for homes at a time when the inventory of properties for sale is at the...

FILE - In this Feb. 3, 2020, photo, Democratic presidential candidate and former New York City Mayor Michael Bloomberg, right, talks with supporters during a campaign stop in Sacramento, Calif. (AP Photo/Rich Pedroncelli)

Bloomberg once blamed end of 'redlining' for 2008 collapse

Feb. 13, 2020 11:59 AM EST

WASHINGTON (AP) — At the height of the 2008 economic collapse, then-New York Mayor Michael Bloomberg said the elimination of a discriminatory housing practice known as “redlining” was responsible for instigating the meltdown. “It all started back when there was a lot of pressure on...

FILE - In this July 11, 2019, file photo lumber is stacked at the Home Depot store in Londonderry, N.H. Don’t let your desire to upgrade your home downgrade your home's market value. Before you make a renovation fantasy a reality, consider whether the project will pay off when you're ready to sell. (AP Photo/Charles Krupa, File)

5 home improvements that may not pay off when you sell

Feb. 12, 2020 9:19 AM EST

You spent the holidays binging on HGTV, and now visions of shiplap accent walls and freestanding soaking tubs are dancing through your head. Don’t let your desire to upgrade your home downgrade your home's market value. Before you make a renovation fantasy a reality, consider whether the project will pay...