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, which should give sellers the upper hand again.
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.
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 lending rates, experts say.
China pursues tech ‘self-reliance,’ fueling global unease
BEIJING (AP) — China’s ruling Communist Party is pressing entrepreneurs to make the country a “technology superpower” that doesn’t need the United States or other foreign suppliers.
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.
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.
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.
WASHINGTON (AP) — U.S. home prices jumped in August by a near-record amount from a year earlier, as Americans eager to buy a home drove up prices on a dwindling number of properties.
The S&P CoreLogic Case-Shiller 20-city home price index soared 19.7% in August compared with a year ago.
LOS ANGELES (AP) — Soaring home prices have pushed up average homeowner equity growth to the highest level in more than a decade, though recent signs of a cooling U.S. housing market point to more moderate gains in the second half of the year.
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.
LOS ANGELES (AP) — Soaring home prices and rents are fueling real estate companies’ appetite for houses, adding unwelcome competition for many would-be homebuyers.
Residential real estate bought by companies or institutions hit an all-time high of 67,943 properties in the second quarter, according to Redfin, a Seattle-based online brokerage.
WASHINGTON (AP) — White House officials are outlining plans to build and restore more than 2 million homes, a response to the volcanic rise in housing prices over the past year.
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% in June compared with a year earlier, the largest increase on records dating back to 2000.
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 rate of 5.99 million units, the National Association of Realtors said Monday.
WASHINGTON (AP) — Prices for U.S. homes rose faster in May than they have in 17 years as surging demand for housing outstripped the supply.
The S&P CoreLogic Case-Shiller 20-city home price index, released Tuesday, soared 17% in May from a year earlier on top of a 15% jump in April.
PORTSMOUTH, N.H. (AP) — The hot housing market continues to drive home prices skyward in New Hampshire with the median price of a home topping half-a-million dollars for the first time in one county.
Rental assistance fell victim to politics, bureaucracy
NEW YORK (AP) — A rental crisis spurred by the pandemic prompted many states to make bold promises to help renters, but most failed to deliver on them after Congress passed the sweeping CARES Act in March 2020.
WASHINGTON (AP) — U.S. home prices soared in April at the fastest pace since 2005 as potential buyers bid up prices on a limited supply of available properties.
The S&P CoreLogic Case-Shiller 20-city home price index, released Tuesday, jumped nearly 15% in April from the previous year.
A look at some of the key business events and economic indicators upcoming this week:
HOT HOT HOT
The S&P CoreLogic Case-Shiller 20-city home price index for April is released on Tuesday.
Goldman joins ranks of Centaline, Cushman and Morgan Stanley in forecasting rise in Hong Kong home prices this year
US investment bank Goldman Sachs has joined a chorus of property market observers forecasting an increase in Hong Kong home prices this year.
LOS ANGELES (AP) — The red-hot U.S. housing market is widening the gap between what a home is objectively worth and what eager buyers are willing to pay for it.
Fierce competition amid an ultra-low inventory of homes on the market is fueling bidding wars, prompting a growing share of would-be buyers to sweeten offers well above what sellers are asking.
WASHINGTON (AP) — America's housing market has grown so overheated as demand outpaces supply that prices keep hitting record highs — and roughly half of all U.S. houses are now selling above their list price.
WASHINGTON (AP) — Sales of new homes fell a bigger-than-expected 5.9% in April, a drop that analysts blamed in part on rising home prices.
Sales dropped to a seasonally adjusted annual rate of 863,000 last month, the Commerce Department reported Tuesday.
PROVIDENCE, R.I. (AP) — Housing prices in Rhode Island are up compared to a year ago driven by shortages in supply and construction materials.
The median price of a single family home was around $349,000 in April, up 18% from a year ago, the Providence Journal reported on Wednesday.
WASHINGTON (AP) — U.S. home prices rose in February at the fastest pace in nearly seven years as strong demand for housing collided with a tight supply of homes on the market...
WASHINGTON (AP) — U.S. home prices increased at the fastest pace in seven years in January as the pandemic has fueled demand for single-family houses even as the supply for such homes shrinks...
Sales of previously occupied U.S. homes slowed last month as rising prices and a dearth of homes for sale kept some would-be buyers on the sidelines...
Sales of previously occupied U.S. homes rose again last month, a sign that the housing market’s strong momentum from 2020 may be carrying over into this year...
WASHINGTON (AP) — U.S. home prices jumped in September as strong demand, low interest rates and the smallest number of available homes on record combined to push up housing costs...
WASHINGTON (AP) — U.S. home prices rose at a slightly slower pace in June, but the U.S. housing market continued to show resilience in the face of the coronvavirus pandemic...
WASHINGTON (AP) — U.S. home prices gains accelerated in April even as sales have stumbled, a sign the coronavirus outbreak has had little impact on real estate values...
WASHINGTON (AP) — U.S. home prices accelerated in March even though sales plummeted, as those Americans still house shopping were forced to bid for a sharply diminished supply of homes...
NEW YORK (AP) — Many small companies tied to the housing market are seeing a slowdown in business, one that's forecast to continue well into 2020...
WASHINGTON (AP) — More Americans signed contracts to buy homes in August, signaling that low mortgage rates may spark a sustained turnaround for the housing market...
WASHINGTON (AP) — U.S. home price growth slowed in October, a likely consequence of higher mortgage rates having worsened affordability and causing sales to fall...
WASHINGTON (AP) — The awarding of Amazon's second headquarters to two affluent localities has fanned intense speculation around a key question: For the winning cities, will the economic payoff prove to be worth the cost...
The recent uptick in housing prices in some markets recalls the dramatic rise in housing prices between 2000 and 2006.
Prices peaked in San Francisco and New York City, the nation’s most expensive housing markets, in the fourth quarter of 2005 and first quarter of 2006, respectively.
WASHINGTON — U.S. home prices climbed in March at the strongest rate in nearly three year as a dwindling supply of houses for sale is causing prices to significantly outpace income growth.
The Standard & Poor’s CoreLogic Case-Shiller 20-city home price index released Tuesday rose 5.9 percent over the past 12 months ended in March, the most since July 2014.
WASHINGTON (AP) — Alicia Johnson and her husband wanted to renovate their home last fall but ran into a roadblock: When they tried to refinance their mortgage and borrow against their equity, five banks said no...
WASHINGTON (AP) — Average U.S. rates on fixed mortgages fell this week for a fifth straight week. The spring home-buying season has started slowly, but it may be aided by the low rates.
Mortgage buyer Freddie Mac said Thursday the average rate for a 30-year loan edged down to 4.12 percent from 4.14 percent last week.