Latest Home selling News

Inflation forces homebuilders to take it slow, raise prices

Sep. 20, 2021 12:17 PM EDT

LOS ANGELES (AP) — Even in the hottest U.S. housing market in more than a decade, new home construction has turned into a frustratingly uncertain and costly proposition for many homebuilders. Rising costs and shortages of building materials and labor are rippling across...

Aerosmith's Joe Perry selling Massachusetts home for $4.5M

Sep. 15, 2021 16:02 PM EDT

DUXBURY, Mass. (AP) — “Walk This Way" if you want to live like a rock star. Aerosmith guitarist Joe Perry is selling his home in Duxbury south of Boston for $4.5 million, The Patriot Ledger reported Tuesday. The seven-acre gated estate known as...

Median single-family home sale price on Oahu surpasses $1M

Sep. 09, 2021 16:30 PM EDT

HONOLULU (AP) — The median sale price for a single-family home on the island of Oahu in Hawaii has surpassed $1 million. The Honolulu Star-Advertiser reported that the median price in August reached $1,050,000, according to Honolulu Board of Realtors data released...

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%...

Georgia beach town orders pause to new vacation rentals

Aug. 28, 2021 12:00 PM EDT

TYBEE ISLAND, Ga. (AP) — City officials overseeing Georgia’s largest public beach have ordered a three-month pause on homeowners registering their properties as vacation rentals. The Tybee Island city council on Thursday approved a 90-day moratorium on permitting new...

Home sales slow slightly in Maine, but prices rise again

Aug. 23, 2021 14:44 PM EDT

PORTLAND, Maine (AP) — Home sales slowed somewhat in Maine in July, though prices rose again and the pace of sales remained higher than they were before the coronavirus pandemic. The Maine Association of Realtors said on Monday that home sales decreased by about 5% from...

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...

This Week: Home sales, Best Buy earns, consumer spending

Aug. 23, 2021 01:11 AM EDT

A look at some of the key business events and economic indicators upcoming this week: EYE ON HOUSING The National Association of Realtors issues its July tally of previously occupied U.S. homes Monday. Economists project that the...

Landlords look for an exit amid federal eviction moratorium

Aug. 19, 2021 10:51 AM EDT

NEW YORK (AP) — When Ryan David bought three rental properties back in 2017, he expected the $1,000-a-month he was pocketing after expenses would be regular sources of income well into his retirement years. He also was counting on the rent money from the properties in...

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...