Market News and Updates

Sales of new single-family homes fell sharply in May, decreasing 5.9 percent to 769,000 at a seasonally-adjusted annual rate from a 817,000 pace in April. Sales are still up 9.2 percent from the year-ago level but are well below the 993,000 pace in January (see top of first chart). Weakness over the last few months […]

U.S. home prices jumped the most in more than 30 years in April. Nationally, the S&P CoreLogic Case-Shiller index of property values climbed 14.6% from a year earlier, the biggest gain in data going back to 1988. That came after 13.2% increase in March, and was the 11th straight month that price gains accelerated. Home […]

The median sales price of an existing home grew 23.6% annually in May to a record $350,300, according to data released Tuesday. The National Association of Realtors reported that the median sale price of a home in May rose at the greatest year-over-year pace since at least 1999, up from $283,500 last year and $340,600 […]

Deal for Home Partners of America, owner of over 17,000 houses in U.S., is latest sign Wall Street believes housing market will stay hot. Blackstone Group Inc. has agreed to buy a company that buys and rents single-family homes in a $6 billion deal, a sign Wall Street believes the U.S. housing market is going to stay […]