home prices

Home sales went up in July, offering momentum to a struggling market

By Geoff Bennett, Azhar Merchant

FILE PHOTO: A U.S. flag decorates a for-sale sign at a home in the Capitol Hill neighborhood of Washington, August 21, 2012. President Barack Obama said on Monday the U.S. housing market was "beginning to tick up" but was still not where it needs to be. Photo by Jonathan Ernst/Reuters

Americans are frustrated by housing prices ahead of the 2024 election

The shortage is dampening President Joe Biden's assurances that the U.S. economy is strong. And it underscores the degree to which Republican Donald Trump has largely overlooked the shortages.

By Josh Boak, Associated Press

FILE PHOTO: A house under foreclosure that is now bank owned in the Spring Valley area in Las Vegas on October 15, 2010. Foreclosures have evolved into a vast industry since the start of the economic crunch as Americans faced massive debts, with the number of mortgage defaults soaring from an annual average of one percent before 2008 to 10 percent today. In 2010, more than three million foreclosures were expected to take place in the United States, figures show, and documentation problems might exist in 80 percent of them. Las Vegas home prices continue to fall as the city continues to be among the worst performers in the Standard & Poor's/Case-Shiller Home Price report which covers the 20 biggest U.S. property markets. In the past year Las Vegas property prices fell 12 percent against the 20-city market average of a of 2.3 percent increase. AFP PHOTO/Mark RALSTON (Photo credit should read MARK RALSTON/AFP/Getty Images)

Average long-term U.S. mortgage rate reaches 7.49 percent, highest level in over two decades

The cost of financing a home surged again this week, further dimming the affordability outlook for many would-be homebuyers.

By Alex Veiga, Associated Press

A "For Rent, For Sale" sign is seen outside of a home in Washington, U.S., July 7, 2022. Photo by Sarah Silbiger/REUTERS

Monthly mortgage payments remain high even as U.S. home prices ease

Would-be homebuyers are willing to take on sharply higher mortgage payments, even as home prices have begun to pull back this year.

By Alex Veiga, Associated Press

FILE PHOTO: Single family home is shown for sale in Encinitas

Existing U.S. home sales fell in August, price growth slows

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…

By Alex Veiga, Associated Press

Houses are getting scooped up before they’re listed. It’s shutting people out of homeownership

By Courtney Vinopal

As U.S. home prices surge while housing inventory is at a historic low, some real estate agents say the tight market is becoming even more competitive through the practice of so-called “pocket listing” deals that are sold to buyers before…

Home sales plummet 6.4 percent in December

By Josh Boak, Associated Press

For all of 2018, sales of existing homes fell 3.1 percent from a year ago to the weakest total since 2015.

U.S. home sales fell 3.2 percent in January, 2nd straight decline

By Christopher Rugaber, Associated Press

U.S. sales of existing homes fell in January from a year earlier by the most in more than three years, and declined for a second consecutive month. Would-be buyers were stymied by rising prices and a shortage of homes for…

Why location, location, location in real estate is ‘BS’

By Marc Joseph

Location, real estate agent Marc Joseph learned firsthand, is not enough to substantiate buying a house. He lost $600,000 in Florida's 2005 housing bubble, and the way prices are climbing, he's worried the Sunshine State is veering toward another bust.