Latest Home buying News

Residents fight to preserve historic Black church in LA

Jul. 27, 2021 15:17 PM EDT

LOS ANGELES (RNS) — On a recent Sunday, about 10 people sat outside the steps of the boarded-up First Baptist Church of Venice, a century-old congregation that, to many, remains a symbol of the thriving Black population that once existed in the seaside town of Los Angeles. ...

US home prices surge 17% in May, fastest in 17 years

Jul. 27, 2021 09:48 AM EDT

WASHINGTON (AP) — Prices for U.S. homes rose faster in May than they have in 17 years as surging demand for housing outstripped the supply. The S&P CoreLogic Case-Shiller 20-city home price index, released Tuesday, soared 17% in May from a year earlier on top of a...

High lumber prices affect Delaware home construction

Jul. 25, 2021 09:08 AM EDT

DOVER, Del. (AP) — The price of lumber in the United States skyrocketed in early May, when lumber cost as much as $1,700 per thousand board feet. However, Kolby Dukes, a manager at Dukes Lumber Co. in Laurel, is hopeful for decreased pricing in the fall and more...

Owner seeks to restore Nellie Jackson house

Jul. 25, 2021 00:12 AM EDT

NATCHEZ, Miss. (AP) — A sign recently appeared in front of the infamous Nellie Jackson’s house — a former bordello on the corner of N. Rankin and Monroe streets — alluding to its eventual restoration and opening as a tourist attraction. J.T. Robinson, the house...

Homeownership study asks, 'Who owns the Twin Cities?"

Jul. 24, 2021 01:11 AM EDT

MINNEAPOLIS (AP) — A new study found that between 2005 and 2020, the percentage of single family rentals increased by over 10% in North Minneapolis, Southeast Como and parts of St. Paul, with Southeast Como’s rentals changing due, in part, to an aging homeowner population and localized...

South Dakota housing frenzy has some worried about crash

Jul. 24, 2021 01:02 AM EDT

SIOUX FALLS, S.D. (AP) — Real estate and home sales are setting records in Sioux Falls and across the country. From cash offers to low mortgage rates to hundreds more real estate agents hoping to jump in the market and help buyers compete for homes, right now might feel...

Yellen outlines to Congress emergency measures on debt limit

Jul. 23, 2021 23:21 PM EDT

WASHINGTON (AP) — Treasury Secretary Janet Yellen told Congress on Friday that she will start taking emergency measures next week to keep the government from an unprecedented default on the national debt, warning that a default would cause “irreparable harm to the U.S. economy and the...

US average mortgage rates dip for 4th week; 30-year at 2.78%

Jul. 22, 2021 13:58 PM EDT

WASHINGTON (AP) — Mortgage rates fell for the fourth straight week, undercut by worries that the surging delta coronavirus variant and the worsening pandemic in hotspots around the world could derail what has been a strong economic recovery. Mortgage buyer Freddie Mac...

Existing US home sales up in June; prices reach new heights

Jul. 22, 2021 11:11 AM EDT

Sales of previously occupied U.S. homes rose in June, snapping a four-month losing streak, while strong demand for higher-end properties and ultra-low mortgage rates helped push prices to new highs. Existing homes sales rose 1.4% last month from May to a...

US home construction jumps 6.3% in June

Jul. 20, 2021 09:07 AM EDT

SILVER SPRING, Md. (AP) — Home construction in the U.S. jumped 6.3% in June, another big swing in a volatile year. The rise in June put home construction at a seasonally adjusted annual rate of 1.64 million units, the Commerce Department reported Tuesday. ...