Latest Home prices News

Insider Q&A: Realtors' group Chief Economist Lawrence Yun

Jan. 17, 2022 09:14 AM EST

LOS ANGELES (AP) — The U.S. housing market had another scorcher of a year in 2021, aided by low mortgage rates, a swell of demand that outstripped supply and a rebounding job market. The supply-demand equation remains sharply lopsided heading into the spring home-buying season,...

Red-hot housing market to fuel record borrowing in '22

Jan. 06, 2022 11:00 AM EST

LOS ANGELES (AP) — The fierce competition, low mortgage rates and soaring prices that helped raise mortgage borrowing to record heights last year is expected to drive lending even higher this year, experts say. Banks lent an estimated $1.61 trillion for home purchases last year,...

Maine real estate market expected to slow but not stall

Jan. 02, 2022 09:50 AM EST

BANGOR, Maine (AP) — Rising mortgage rates that are anticipated when the Federal Reserve tightens credit in the new year is expected to slow but not stall Maine's red hot real estate market. Home prices will keep rising but not as fast as this year despite inflation and higher...

US home prices surge 18.4% in October

Dec. 28, 2021 09:23 AM EST

WASHINGTON (AP) — U.S. home prices surged again in October as the housing market continues to boom in the wake of last year's coronavirus recession. The S&P CoreLogic Case-Shiller 20-city home price index, out Tuesday, climbed 18.4% in October from a year earlier. The gain...

This Week: Home prices, wholesale stockpiles, jobless claims

Dec. 27, 2021 01:01 AM EST

A look at some of the key business events and economic indicators upcoming next week: TRACKING HOME PRICES Low mortgage rates, strong demand and a low supply of available properties are driving U.S. home prices sharply higher. S&P’s CoreLogic...

Some regret sitting on housing market sidelines

Dec. 26, 2021 03:11 AM EST

FORT LAUDERDALE, Fla. (AP) — As South Florida home prices spiked during the pandemic, some people decided to put their home shopping on pause in the hopes that prices might drop, a decision they are coming to regret. Now, a year-and-a-half into record price growth and dwindling...

US home construction rebounds a strong 11.8% in November

Dec. 16, 2021 11:53 AM EST

SILVER SPRING, Md. (AP) — New home construction in the U.S. rebounded 11.8% in November as strong demand continues to boost builder confidence even with the slower winter season approaching. The double-digit percentage increase last month left home construction at a seasonally...

US home prices register 19.1% annual gain in September

Nov. 30, 2021 09:44 AM EST

WASHINGTON (AP) — U.S. home prices rose briskly in September, another sign that the housing market is booming in the aftermath of last year's coronavirus recession. The S&P CoreLogic Case-Shiller 20-city home price climbed 19.1% in September from a year earlier. The...

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...