Sales of existing homes up 0.7% in December, pushing 2020 sales pace to a level not seen in 14 years
WASHINGTON (AP) — Sales of existing homes up 0.7% in December, pushing 2020 sales pace to a level not seen in 14 years.
WASHINGTON (AP) — Americans stepped up their purchases of new homes in July to the fastest pace in nearly nine years, the latest sign that low mortgage rates and a solid job market are helping support the residential real estate market.
DETROIT (AP) — Ann and Oscar Mack had fallen behind on property taxes and knew they faced foreclosure on their home of 20 years. But they didn't know their house on Maiden Street, in a blighted east side Detroit neighborhood, was already listed for auction.
No one "let us know we were about to lose our house," Ann Mack said. "Nobody ever came out and knocked on our door."
The United Community Housing Coalition stepped in and bought the home for $1,000 at a...
WASHINGTON (AP) — Americans bought new homes in June at the fastest pace in more than eight years, a sign that a solid job market and low mortgage rates are bolstering the U.S. housing market.
The Commerce Department said Tuesday that new-home sales rose 3.5 percent last month to a seasonally adjusted rate of 592,000, the best level since February 2008. Purchases of new homes have climbed 10.1 percent year-to-date, despite volatile sales on a monthly...