Housing News

The median price of a previously owned house in California soared 31.9 percent in May, the largest year-over-year increase in more than three decades as sales of more expensive properties increased and inventory remained tight, a trade group said Monday.

Housing starts rose less than expected in May, likely reflecting labor and material constraints, but the overall trend remained consistent with strength in the housing market.

The number housing starts rose 7 percent to an annual pace of 914,000 homes, according to a government report out Tuesday.

Orlando-area residents Anne and Brian Fuselier look out over the Indian River recently from the third floor of their vacation home in New Smyrna Beach.News-Journal/DAVID TUCKER NEW SMYRNA BEACH - Anne and Brian Fuselier searched about a year and half - from "Vero to Palm Coast" - before they finally found their dream second home.

Wall Street is ramping up financing to private-equity firms buying homes to rent, helping them accelerate purchases as competition increases and prices jump .

The Wisconsin Realtors Association says for the 23rd-straight month, home sales is on the rise - up 18.2% from a year ago.

There were more than 9,000 homes put under agreement in Massachusetts last month, the most for any month since the Massachusetts Association of Realtors began tracking data in 2004.

This March 5, 2013 photo shows a sale pending sign in the front yard of a home in Mt.

When he takes questions this week after a Federal Reserve meeting, Chairman Ben Bernanke will confront investors' fear that rates are headed higher.

In this Monday, May 6, 2013 photo, construction is underway on the infrastructure of a multi-acre housing development in Zelienople, Pa.

For the first time in seven years, most U.S. homebuilders are optimistic about home sales, a sign that construction could help drive stronger economic growth in coming months.

Is the housing recovery for real? It looks that way, as a key measure of home builder confidence crossed a major threshold Monday.

For the first time in seven years, most U.S. homebuilders are optimistic about home sales, a sign that construction could help drive stronger economic growth in coming months.

The markets have experienced a lot of volatility lately, but it has been mostly global in its roots.

HOME buyers bought 1,455 new homes directly from property developers in May, 5.4 per cent more than they did in April.

Purchases of previously owned houses have risen to a 5 million annualized rate, the strongest since November 2009, according to a median forecast of economists.

Someone on a pleasure boat spotted a body in the Ohio River at about 3 p.m. Sunday just down river from the Anderson Ferry Boat Co.

It took just four hours for Jim Long, a real estate agent with Crye-Leike In Bentonville to sell one of his listings in May. "I also had another listing go under contract in two days and through just five months of 2013 I have already surpassed my sales during all of last year," Long said.

Trading will likely be muted for the first half of the week as investors hope to get a better impression of whether the U.S. Federal Reserve will cut back on one of its key stimulus measures soon and, if so, by how much.

If planning a wedding doesn't seem stressful enough, the couple are settling July 10 on their first house, a duplex in the 2200 block of West Thompson Street listed at $155,000.