Existing Home Sales Soar a Record 24.7% in July
Economy
Existing Home Sales Soar a Record 24.7% in July
2020-08-21 15:23:26
by Dan McCue

WASHINGTON - Sales of existing homes in the United States rose by an unprecedented 24.7% in July extending the summer rebound from the coronavirus after the global pandemic hammered the market in late winter and spring. The National Association of... Read More

Missouri Lawsuit Over Realtor Fees In Home Sales Draws Justice Department’s Interest
Litigation
Missouri Lawsuit Over Realtor Fees In Home Sales Draws Justice Department’s Interest

KANSAS CITY, Mo. — Lawyers in the Justice Department’s antitrust division are taking a keen interest in a Missouri class action lawsuit that alleges a conspiracy among national real estate brokers to charge inflated fees, noting in a filing this... Read More

Foreign Purchases of U.S. Homes Drop Sharply As Chinese Bolt From Market
Economy
Foreign Purchases of U.S. Homes Drop Sharply As Chinese Bolt From Market
2019-07-17 17:54:33
by Dan McCue

WASHINGTON - International investment in residential real estate in the United States plunged 36% in the past year as Chinese buyers fled the market, the National Association of Realtors said Wednesday. The sobering analysis comes via the Realtors' annual survey... Read More

New-Home Sales Surged in February to 11-Month High, Consumer Spending Lags
Economy
New-Home Sales Surged in February to 11-Month High, Consumer Spending Lags
2019-03-29 23:37:27
by Dan McCue

Sales of newly built single-family homes surged in February to a seasonally adjusted annual rate of 667,000, the Commerce Department reported Friday. That 4.9 percent increase is the highest level this category of home sales has reached since March 2018.... Read More

US Mortgage Rates Fall Ahead of Spring Home Buying Season
Economy
US Mortgage Rates Fall Ahead of Spring Home Buying Season
2019-03-21 23:29:26
by Dan McCue

Long-term fixed-rate mortgage rates fell to 4.28 percent this week, potentially giving consumers more incentive to commit to purchasing a home just as the spring home buying season gets under way, Freddie Mac said on Thursday. The average rate on... Read More

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