Median existing-home price sails to record high

The median existing-home sales price rose 23.4% year over year, propelling the median price to $363,300, the highest on record, according to the National Association of Realtors. After four months of dips, existing-home sales are once again on the increase, rising 1.4 percent to a seasonally adjusted annual rate of 5.86 million homes in June … Read more

‘Truly extraordinary’ home price gains highest since 2005: Study

April’s gains mark the 11th consecutive month of price increases, according to the latest S&P/Case-Shiller U.S. National Home Price Index released Tuesday. Home prices across the U.S. rose by 14.6 percent year over year, the highest gains since 2005, according to the latest S&P/Case-Shiller U.S. National Home Price Index released Tuesday. April’s gains mark the … Read more

New home sales fall to 1-year low

After breaking from its upward trend in April, new home sales fell 5.9 percent to a seasonally adjusted annual rate of 769,000 in May, a one-year low. New home sales are still up 9.2 percent year over year but have been falling month to month since March, likely as a result of high home prices … Read more

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