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News Articles: Home sales

Both home prices and the pace of home sales are falling nationally as higher mortgage rates cool off the market.

Tagged as: 

  • Economy

Home prices see biggest drop in 9 years, thanks to higher mortgage rates

The super-heated housing market is cooling off. Home prices have fallen about 6% since their peak in June. The pace of sales also fell for the 7th straight month.

September 22, 2022
|
By:
  • Chris Arnold
New homes under construction in Mebane, N.C., earlier this month. A historic shortage of homes for sale has been pushing prices sharply higher. So builders are trying to ramp up projects.

Tagged as: 

  • Your Money

Home prices rose faster than ever in 2021. The typical home gained $50,000 in value

For first time homebuyers it was one of the hardest years ever to afford a house. But homeowners saw tremendous gains in housing wealth.

January 20, 2022
|
By:
  • Chris Arnold
Lauren Barber stands in her home in Columbus, Ohio, on Nov. 16. Barber has been inundated with offers from investors and companies that want to buy her house. She sometimes gets called or texted more than five times a day with offers.

Tagged as: 

  • Economy

Hey, I want to buy your house: Homeowners besieged by unsolicited offers

Lots of speculators are jockeying to get in on the hot market. Sometime they call homeowners multiple times a day. It can be an invasive nuisance, or worse.

November 20, 2021
|
By:
  • Chris Arnold
Home for sale in Macon

Tagged as: 

  • Economy

Demand For Houses In Macon Continues To Soar: Here's Why

Macon’s housing shortage is both a reflection of national trends and a unique blend of local realities.

April 13, 2021
|
By:
  • Jenna Eason
A record low number of homes for sale is pushing up prices and making it harder for first-time buyers to afford homeownership.

Tagged as: 

  • National

Out Of Whack: Lack Of Homes For Sale Sends Prices Surging, Frustrates Buyers

Sales of existing homes fell 6.6% in February from the month before. Meanwhile, prices are up 16% over the past year, giving homeowners about $2 trillion more in equity and widening the wealth gap.

March 23, 2021
|
By:
  • Chris Arnold
The supply of previously owned single-family homes fell to a 2.4 months in October — the lowest since 1982, when the National Association of Realtors began collecting the data.

Tagged as: 

  • Economy

'We Need To Build More Homes': Prices Soar Amid Housing Shortage

It's not only low interest rates pushing up prices to record highs. A historic lack of homes for sale is a big part of it too. And it's making homeownership unaffordable for too many people.

November 19, 2020
|
By:
  • Chris Arnold
Sales of previously owned homes jumped more than 20% in September from a year earlier, but sales of homes costing more than $1 million more than doubled.

Tagged as: 

  • Economy

Housing Boom: Sales of Million-Dollar Homes Double

The housing market is on a tear, setting all kinds of records, including prices. But it's also a reflection of the uneven economic recovery and more first-time homebuyers are getting priced out.

October 22, 2020
|
By:
  • Chris Arnold

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