Latest Residential real estate News

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Existing home sales rise in 2020 to highest in 14 years

Jan. 22, 2021 12:05 PM EST

WASHINGTON (AP) — Sales of existing homes rose 0.7% in December, pushing the entirety of 2020 to a pace not seen in 14 years and providing one of the few bright spots for a U.S. economy mired in a global pandemic. Rising sales in the final month of the year lifted activity to a seasonally adjusted annual...

Police examine parts from an airplane wheel after it fell from a flying aircraft near several homes   in the Jefferson Park neighborhood Thursday Jan. 21, 2021 in Chicago.   No injuries were reported on the ground or among those on the plane, which the Chicago Department of Aviation said sent up sparks on a runway as it landed Thursday evening without its left side landing gear.  (Armando L. Sanchez/Chicago Tribune via AP)

Tire falls from small plane into Chicago neighborhood

Jan. 22, 2021 10:13 AM EST

CHICAGO (AP) — A tire fell from a small plane near homes in a Chicago neighborhood before the plane landed safely at O’Hare International Airport. No injuries were reported on the ground or among those on the plane, which sent up sparks on a runway as it landed Thursday evening without its left side...

Sales of existing homes up 0.7% in December, pushing 2020 sales pace to a level not seen in 14 years

Jan. 22, 2021 10:00 AM EST
WASHINGTON (AP) — Sales of existing homes up 0.7% in December, pushing 2020 sales pace to a level not seen in 14 years.
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US long-term mortgage rates slip; 30-year loan at 2.77%

Jan. 21, 2021 12:13 PM EST

WASHINGTON (AP) — U.S. long-term mortgage rates slipped this week while remaining at record-low levels. Mortgage buyer Freddie Mac reported Thursday that the average rate on the benchmark 30-year fixed-rate home loan eased to 2.77% from 2.79% last week. By contrast, the rate stood at 3.60% a year ago. The...

FILE - This Sept. 24, 2020 file photo shows a new home under construction in Houston.  The number of newly issued permits to build fresh housing rose 6.2% in November on a seasonally adjusted basis. Housing starts rose 1.2%, and are up 12.8% higher than a year ago, the Commerce Department reported Thursday, Dec. 17,  to an annualized rate of 1.547 million.  .(AP Photo/David J. Phillip, File)

US home construction jumps 5.8% in December to 1.67 million

Jan. 21, 2021 9:50 AM EST

WASHINGTON (AP) — U.S. home construction jumped 5.8% in December to 1.67 million units, a 14-year high that topped the strongest annual showing from the country's builders in 15 years. The better-than-expected December gain followed an increase of 9.8% in November when housing starts climbed to a...

Ohio police officer killed in armed standoff with man

Jan. 18, 2021 11:40 PM EST

TOLEDO, Ohio (AP) — An Ohio police officer was shot and killed after an hourslong armed standoff that resulted in gunfire Monday, police said. Toledo Police Officer Brandon Stalker, 24, died after the shooting that sent both him and the suspect to the hospital, Police Chief George Kral said at a Monday...

This Week: Netflix earns, jobless benefits, US home sales

Jan. 18, 2021 1:10 AM EST

A look at some of the key business events and economic indicators upcoming this week: BINGE THIS Wall Street expects that Netflix closed out 2020 with another solid quarter. The video streaming service has been riding a wave of popularity as people spend more time at home due to the pandemic. The company gained...

Whiskey tasting room manager Melinda Maddox moves a propane-fueled outdoor space heater in downtown Fort Collins, Colo., in preparation for opening on Wednesday, Jan. 6, 2021. Maddox and other bar and restaurant managers say they've sometimes struggled to find propane necessary for space heaters while they seat customers outside to comply with coronavirus public health restrictions. (AP Photo/Mead Gruver)

Restaurants, bars scramble for propane amid pandemic winter

Jan. 16, 2021 11:32 AM EST

FORT COLLINS, Colo. (AP) — With coronavirus restrictions forcing bars and restaurants to seat customers outside in the dead of winter, many are scrambling to nab erratic supplies of propane that fuel space heaters they’re relying on more than ever to keep people comfortable in the cold. It's one of...

CEO of the Housing Development Fund, Joan Carty, poses for a portrait Tuesday, Dec. 29, 2020, in Stamford, Conn.  With many New Yorkers moving to neighboring Connecticut during the pandemic, especially Fairfield County, it's becoming more challenging for people to find affordable homes to buy.  Carty said the region's housing affordability issue is exacerbated by the influx. (AP Photo/Frank Franklin II)

Fleeing New Yorkers squeeze surrounding housing markets

Jan. 16, 2021 10:06 AM EST

Angel Garcia, a single father approved for a mortgage loan of $300,000, had high hopes in early 2020 of finding a house he could afford in his hometown of Stamford, Connecticut. Then the COVID-19 pandemic hit. Within months, New Yorkers began fleeing the city and the surrounding area, snapping up houses. Home...

A sale sign is displayed near the entrance of a Hallmark store Tuesday, Jan. 12, 2021, in Orlando, Fla.  Retail sales fell for a third straight month, as a surge in virus cases kept people away from stores and restaurants during the holiday shopping season.     The report released Friday is yet another sign that the pandemic is slowing the U.S. economy. Last month, the country lost jobs for the first time since the spring.(AP Photo/John Raoux)

U.S. retail sales fell in December for 3rd straight month

Jan. 15, 2021 12:29 PM EST

NEW YORK (AP) — Americans cut back on spending in December for the third-straight month as a surge in virus cases kept people away from stores during the critical holiday shopping season. The U.S. Commerce Department said Friday that retail sales fell a seasonally adjusted 0.7% in December from the month...