An inventory shortage and high standards for mortgages will keep the U.S. from a repeat of the housing bust that occurred in 2008, Wells Fargo economists said.
Home prices are surging as low mortgage rates allow borrowers to get bigger mortgages, making it possible to bid higher on properties in a market where listings are scarce.
New-home sales fell 6.6% in June, the third consecutive decline, as the lack of properties remained a hurdle for house-shoppers who sought to take advantage of low mortgage rates.
Sales of existing homes rose 1.4% and prices surged in June as an uptick in listings helped buyers find properties.
Beyond the cleaning and sprucing up you’ll need to do to prepare for listing, there are financial chores you'll need to do before selling your home, such as checking your credit reports and applying for your next mortgage.
An index measuring homebuilder sentiment fell to 80, a decline of three points from May, as supply shortages crimped inventory.
Are you hoping to buy a home in today’s red-hot market? Here are five strategies that can help.
An index that measures signed contracts to buy homes reversed a 4% decline in April and posted its strongest May performance since 2005, the National Association of Realtors said.
U.S. home prices gained at a record pace in April as a shortage of available properties boosted competition among buyers.
While demand for new houses remains strong, builders have been forced to limit sales due to a shortage of building materials.
