U.S. long-term mortgage rates edged up after declining in recent weeks. Mortgage buyer Freddie Mac said Thursday that the average rate on the benchmark 30-year, fixed-rate mortgage rose to 4.46 percent, from 4.45 percent last week. Despite the recent declines, ...
Read More »US home sales plummeted 6.4 percent in December
U.S. home sales cratered in December, causing price growth to slip to the lowest level in more than six years as the housing sector ended 2018 on a decidedly weak note. The National Association of Realtors said Tuesday that sales ...
Read More »US home price growth slowed in October
U.S. home price growth slowed in October, a likely consequence of higher mortgage rates having worsened affordability and causing sales to fall. The S&P CoreLogic Case-Shiller 20-city home price index rose 5 percent from a year earlier, down from an ...
Read More »Missourians want action over too-high Illinois levee
Missouri landowners and environmentalists are urging a federal agency to sanction a levee district on the Illinois side of the Mississippi River, arguing that the earthen barrier has been built above its authorized height, worsening flooding for its neighbors. Great ...
Read More »US home sales rose 1.9 percent in November
U.S. home sales increased in November for the second straight month, but sales plummeted 7 percent from a year ago amid growing affordability pressures. The National Association of Realtors said Wednesday that sales of existing homes rose 1.9 percent to ...
Read More »US home construction rose last month, led by apartments
U.S. developers broke ground on more homes last month, but the increase occurred entirely in apartments. The construction of new single-family houses fell. The Commerce Department said Tuesday that housing starts rose 3.2 percent in November from the previous month ...
Read More »Pending home sales fell 2.6 percent in October
Pending home sales sank in October, as higher mortgage rates have worsened the affordability of home ownership and dampened enthusiasm among would-be buyers. The National Association of Realtors said Thursday that its pending-home-sales index fell 2.6 percent last month to ...
Read More »New-home sales plunged 8.9 percent in October
Sales of new U.S. homes plummeted 8.9 percent in October, as the number of newly built, unsold homes sitting on the market climbed to its highest level since 2009. The Commerce Department said Wednesday that new homes sold at a ...
Read More »Home prices rise more slowly amid weaker sales
U.S. home prices increased more slowly in September from a year ago as higher mortgage rates weighed on sales. The S&P CoreLogic Case-Shiller 20-city home price index, released Tuesday, rose 5.1 percent from a year earlier. That’s down from a ...
Read More »Home construction rose 1.5 percent in October
U.S. home construction improved a slight 1.5 percent in October, however, in a troubling sign, ground breakings for single-family houses fell. The Commerce Department said Tuesday housing starts rose to a seasonally adjusted annual rate of 1.23 million, up from ...
Read More »Pressures rise for homebuilders as rates hit 7-year high
Homebuilders took a beating Thursday as rising interest rates and home prices discourage potential buyers. Mortgage buyer Freddie Mac said Thursday that the average rates on 30-year, fixed rate mortgages hit 4.94 percent, a 7-year high. The average rate a ...
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