US pending home sales fell 2.2 percent in December

Business 01/30/19, 10:02

Fewer Americans signed contracts to buy homes in December with affordability pressures causing interest from would-be buyers to fall.The National Association of Realtors says its pending home sales index fell 2.2 percent last month to 99, its lowest reading since April 2014. The index based on contract signings has plunged ...

US home price gains slowed in November

Business 01/29/19, 09:02

U.S. home prices rose at a slower pace in November, as sales have tumbled and affordability has deteriorated for many would-be buyers.The S&P CoreLogic Case-Shiller 20-city home price index grew 4.7 percent from a year earlier, dropping off from a 5 percent annual increase in October.Home sales drifted downward for ...

Analysis: Falling home sales not helping middle-class buyers

U.S. 01/23/19, 11:24

When home sales weaken, prices typically do, too, and buyers benefit.Not quite this time. Home purchases in many areas of the country have dipped, and price gains have slowed. Yet a rising number of middle-class Americans are finding that home ownership is unaffordable.Why? Mortgage rates are up after years near ...

Analysis: Falling home sales not helping middle-class buyers

Business 01/23/19, 03:17

When home sales weaken, prices typically do, too, and buyers benefit.Not quite this time. Home purchases in many areas of the country have dipped, and price gains have slowed. Yet a rising number of middle-class Americans are finding that home ownership is unaffordable.Why? Mortgage rates are up after years near ...

US home sales plummeted 6.4 percent in December

Business 01/22/19, 10:01

U.S. home sales cratered in December, causing price growth to slip to the lowest level in nearly six years as the housing sector ended 2018 on a decidedly weak note.The National Association of Realtors says that sales of existing homes plunged 6.4 percent to a seasonally adjusted annual rate of ...

US pending home sales slipped 0.7 percent in November

Business 12/28/18, 10:27

Fewer Americans signed contracts to buy homes in November as higher mortgage rates and prices continued to squeeze would-be buyers out of the market.The National Association of Realtors said Friday that its pending home sales index dipped 0.7 percent last month to 101.4. The index based on contract signings has ...

US long-term mortgage rates dropped to 4.55 pct. average

Business 12/27/18, 10:31

U.S. long-term mortgage rates fell this week, offering a slight degree of relief to would-be homebuyers after the stock market has tumbled.Mortgage buyer Freddie Mac said Thursday that the average rate on the benchmark 30-year, fixed-rate mortgage dipped to 4.55 percent from to 4.62 percent last week. Rates averaged 3.99 ...

US mortgage rates slipped this week

Business 12/20/18, 13:27

U.S. long-term mortgage rates slipped this week, reflecting the stock market decline and rush by investors to Treasury notes.Mortgage buyer Freddie Mac said Thursday that the average rate on the benchmark 30-year, fixed-rate mortgage fell slightly to 4.62 percent from to 4.63 percent last week. Rates averaged 3.94 percent a ...

US home sales rose 1.9 percent in November

Business 12/19/18, 11:08

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 a seasonally adjusted annual rate of 5.32 million last month. But ...

US home construction rose last month, led by apartments

Business 12/18/18, 09:05

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 to a seasonally adjusted annual rate 1.26 million. Despite the increase, ...

US new-home sales plunged 8.9 percent in October

Business 11/28/18, 10:14

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 seasonally adjusted annual rate of 544,000 last month. New-home sales have ...

US home prices rise more slowly amid weaker sales

Business 11/27/18, 15:23

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 5.5 percent yearly gain in the previous month. It was the ...

US home sales rise 1.4 percent, snap 6-month losing streak

Business 11/21/18, 10:02

U.S. home sales rose in October, breaking a six-month losing streak. But sales are still down from a year ago, hurt by rising interest rates.The National Association of Realtors says that sales of existing homes climbed 1.4 percent to a seasonally adjusted annual rate of 5.22 million last month from ...

US average mortgage rates flat to higher; 30-year 4.94 pct.

Business 11/15/18, 10:44

U.S. long-term mortgage rates were steady to slightly up this week, at their highest levels in nearly eight years and dampening home sales.Mortgage buyer Freddie Mac says the average rate on a 30-year, fixed-rate mortgage was unchanged from last week at 4.94 percent. That's the highest level for the benchmark ...

US mortgage rates jump to highest level in nearly 8 years

Business 11/08/18, 17:18

U.S. mortgage rates jumped this week to the highest level in almost eight years, a trend that is pulling down home sales and slowing home price growth.Mortgage buyer Freddie Mac said Thursday that the average rate on a 30-year, fixed rate mortgage rose to 4.94 percent, from 4.83 percent last ...

US pending home sales nudged upward in September

Business 10/25/18, 06:12

Pending home sales rose slightly in September, but contract signings are depressed from a year ago as affordability has become a greater challenge for would-be buyers.The National Association of Realtors said Thursday that its pending home sales index increased 0.5 percent last month to 104.6. But over the past year, ...

US new-home sales slump for 4th straight month

Business 10/24/18, 10:27

Sales of new U.S. homes plunged 5.5 percent in September, the fourth straight monthly drop as the housing market cools with mortgage rates rising.The Commerce Department said Wednesday that newly built homes sold at a seasonally adjusted annual rate of 553,000 last month. New-home sales in August were downwardly revised, ...

Rising rates, slowing home sales expected to hurt remodelers

Business 10/22/18, 06:55

General contractors and other small businesses in the home remodeling industry can expect revenue to slow in 2019, the result of rising mortgage rates and sluggish home sales.That's the prediction of Harvard University's Joint Center for Housing Studies, which last week issued its quarterly report on home remodeling. The center's ...

US home sales fell in September to slowest pace in 3 years

Business 10/19/18, 10:15

U.S. home sales fell for the sixth straight month in September, a sign that housing has become a weak spot for the economy.The National Association of Realtors says sales declined 3.4 percent last month, the biggest drop in 2 ½ years, to a seasonally adjusted annual rate of 5.15 million. ...

This Week: Netflix earns, Fed minutes, existing home sales

Business 10/15/18, 01:13

A look at some of the key business events and economic indicators upcoming this week:CAUSE FOR CONCERN?Wall Street expects another solid quarterly snapshot from Netflix.Financial analysts predict the video streaming service will report Tuesday that its third-quarter earnings and revenue increased versus a year earlier. That would be in line ...

End of content

No more pages to load