Home buying

Home Prices Make Record Jump

Housing Market Remains Hot

U.S. home prices jumped by a record amount in June as homebuyers competed for a limited supply of available houses, the latest evidence that the housing market remains red-hot. A 20-city home price index jumped 19.1% in June compared with a year earlier, the largest increase on records dating back to 2000. The annual price gains in June were higher…

US Pending Home Sales Increased in December

More Americans signed contracts to buy homes in December. The increase possibly reflects more people scrambling to purchase homes as mortgage rates have been rising and increasing the costs of ownership. The National Association of Realtors says its seasonally adjusted pending home sales index rose 1.6 percent to 107.3, a slight rebound after declining in November. Pending sales rose in…