Latest Home prices News

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...

US home prices soar at record pace in June

Aug. 31, 2021 09:27 AM EDT

WASHINGTON (AP) — U.S. home prices jumped by a record amount in June as homebuyers competed for a limited supply of available houses, the latest evidence that the housing market remains red-hot. The S&P CoreLogic Case-Shiller 20-city home price index soared 19.1%...

Homebuyers squeezed out of Las Vegas market head for Pahrump

Aug. 29, 2021 13:14 PM EDT

PAHRUMP, Nev. (AP) — When Teresa Washington was house hunting in the Las Vegas area this spring, she kept striking out at buying a place, no matter how much money she offered. She looked at about 20 homes, and even when she tried to pay $10,000 over the asking price,...

Existing home sales rose in July, inventory ticked higher

Aug. 23, 2021 11:21 AM EDT

Sales of previously occupied U.S. homes rose for the second consecutive month in July, though only modestly from a year ago, suggesting the red-hot housing market may be cooling a little. Existing homes sales rose 2% last month from June to a seasonally-adjusted annual...

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...

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...