Latest Home prices News

US average 30-year mortgage rate back up over 3% this week

Nov. 18, 2021 10:07 AM EST

SILVER SPRING, Md. (AP) — The average long-term U.S. mortgage rate rose this week, with the main 30-year rate inching back up over 3%. Mortgage buyer Freddie Mac reported Thursday that the average rate on the 30-year benchmark home loan jumped to a still-low 3.1% from...

'We don’t deserve this': Inflation hits Turkish people hard

Nov. 17, 2021 05:12 AM EST

ISTANBUL (AP) — Market-stand owner Kadriye Dogru makes do with stale, sesame-covered bagels, known as simit, for lunch these days. The widowed mother of two says she goes without lunch so she can put food on the table for her family later in the day. The money that the...

Fed: Risks to US financial system ease as economy recovers

Nov. 08, 2021 17:34 PM EST

NEW YORK (AP) — The risks to the U.S. financial system have eased significantly compared to a year earlier, the Federal Reserve said Monday. The central bank noted that as the economy recovers from the pandemic-driven recession, the balance sheets of individual...

Governor's former house included in booming housing market

Nov. 04, 2021 20:31 PM EDT

PONTE VEDRA BEACH, Fla. (AP) — Count Gov. Ron DeSantis among homeowners with seller’s regret? The waterfront home near Jacksonville that DeSantis owned for nearly a decade until selling it after he moved into Florida’s governor’s mansion has climbed in value by an estimated 50% since...

US home prices surged in August at near-record pace

Oct. 26, 2021 09:45 AM EDT

WASHINGTON (AP) — U.S. home prices jumped in August by a near-record amount from a year earlier, as Americans eager to buy a home drove up prices on a dwindling number of properties. The S&P CoreLogic Case-Shiller 20-city home price index soared 19.7% in August...

Existing home sales surge as interest rates point higher

Oct. 21, 2021 11:50 AM EDT

Sales of previously occupied U.S. homes bounced back in September to their strongest pace since January as mortgage rates tick higher, motivating buyers to get off the sidelines. The National Association of Realtors said Thursday that existing homes sales rose 7%...

Soaring home prices juice average US homeowner equity growth

Sep. 30, 2021 14:37 PM EDT

LOS ANGELES (AP) — Soaring home prices have pushed up average homeowner equity growth to the highest level in more than a decade, though recent signs of a cooling U.S. housing market point to more moderate gains in the second half of the year. Homes with a mortgage...

Existing US home sales fell in August, price growth slows

Sep. 22, 2021 13:15 PM EDT

Sales of previously occupied U.S. homes fell in August and prices that have been soaring eased, the latest sign the housing market is cooling as intense competition leaves many would-be buyers on the sidelines. Existing homes sales fell 2% last month from July to a...

In a hot market, companies compete with would-be homeowners

Sep. 09, 2021 15:32 PM EDT

LOS ANGELES (AP) — Soaring home prices and rents are fueling real estate companies’ appetite for houses, adding unwelcome competition for many would-be homebuyers. Residential real estate bought by companies or institutions hit an all-time high of 67,943 properties in...

White House details plans to improve housing affordability

Sep. 01, 2021 11:04 AM EDT

WASHINGTON (AP) — White House officials are outlining plans to build and restore more than 2 million homes, a response to the volcanic rise in housing prices over the past year. Millions of Americans are getting priced out of ownership or stuck spending the bulk of...