Real Estate

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…

U.S. New-Home Sales Fell in July, Yet Still Ahead of Last Year

Sales of new U.S. homes plummeted 9.4 percent in July, the sharpest one-month drop in nearly a year. But the decline follows strong sales in previous months, and sales so far this year are outpacing last year’s. The Commerce Department says sales fell to a seasonally adjusted annual rate of 571,000, down from 630,000 in June. July’s new home sales…

U.S. Pending Home Sales Improved in June

Americans signed more contracts to buy homes in June, snapping a three-month decline in pending sales. The National Association of Realtors says that its pending home sales index rose 1.5 percent in June to 110.2. The gain still puts the pace of contract signings below its March level. The index has increased just 0.5 percent over the past 12 months….