home sales

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Pending Home Sales Saw Record Rebound in May

'The outlook has significantly improved'

(Newser) - The number of Americans signing contracts to buy homes rebounded a record 44.3% in May after a record-breaking decline the previous month, as the impact of the coronavirus pandemic sidelined both buyers and sellers. The National Association of Realtors said Monday that its index of pending sales rose to... More »

Dream Home Turned Nightmare Finally Sells, at a $400K Loss

Derek and Maria Broaddus never even moved into house stalked by creepy 'Watcher'

(Newser) - It's taken five years and more than one failed sale attempt, but the owners of a New Jersey home stalked by an anonymous letter-writer called "the Watcher" have finally handed off the house to someone else—without ever having moved in themselves. NJ.com and Bloomberg report that... More »

Fed-Up Neighbor Offers Bounty on 'We Buy Houses' Signs

Within 48 hours, he'd maxed out on his $200 limit, at $1 per sign

(Newser) - You've seen 'em. The ubiquitous little signs that say "We Buy Houses" or something to that effect and pop up on street corners and utility poles. One man in Philadelphia got so tired of looking at them that he publicly offered a $1 bounty for every sign... More »

Cops: Real Estate Agent Did the Deed in Home She Sold

And they don't mean the property deed

(Newser) - Before the new owner of a home in Friendswood, Texas, could even hook up the appliances, an entirely different kind of hookup apparently took place inside. At least, that's how it appears after the real estate agent who sold the property was arrested for allegedly having sex inside the... More »

Home Too Toxic and Dilapidated to Enter Sells for $427K

Seattle housing market is going crazy

(Newser) - How crazy is the housing situation in one of the country's hottest markets? A dilapidated Seattle home described by the Seattle Times as a "Halloween haunted house" recently sold for more than twice its listing price despite partially collapsed ceilings, five feet of standing water, toxic air, hazardous... More »

Site Tells Homebuyers If Their New House Could Be Haunted

Find who was murdered and when before you buy that new home

(Newser) - There are a lot of things new homebuyers have to worry about: foundation cracks, water damage, ghosts. That last one is where Roy Condrey and his website, DiedInHouse.com , come in, Bloomberg reports. Condrey started the site two years ago because he thought his house might be haunted and wanted... More »

Detroit Homeowner: I'll Trade House for a Smartphone

But real estate agent says it's 'not worth much'

(Newser) - Want to buy a fixer-upper in Detroit? Probably not, but if you change your mind there's a three-bedroom available in east Detroit for an iPhone 6, ABC News reports. Real estate broker Larry Else admits there are problems, like no front door, broken windows, and $6,000 in back... More »

US New Home Sales Hit Fastest Pace Since 2008

Sales of new homes increased 9.6% last month

(Newser) - US sales of new homes rebounded in January to the fastest pace in more than five years, offering hopes that housing could be regaining momentum after a slowdown last year caused by rising interest rates. The Commerce Department says sales of new homes increased 9.6% in January to a... More »

Sales of Pricey Homes Surge

And median home price is going up

(Newser) - Another sign of economic recovery? Sales of higher-end homes—those priced above $750,000—were up 50% in November from a year prior, CNBC reports. Meanwhile, sales of the lowest-end homes fell 4%. The two factors pushed the median home price across the nation to $180,600, up about 10%... More »

Another Sign of New Life for Housing Market

Home sales up 2.3% from June to July

(Newser) - Americans bought more homes in July than in June, the latest evidence that the housing market is slowly recovering. Sales of previously occupied homes rose to a seasonally adjusted annual rate of 4.47 million in July, a 2.3% increase from the previous month's rate, the National Association... More »

Foreigners Gobbling Up American Homes

Nonnatives take 8.9% of home real estate sales

(Newser) - The Canadians are coming ... for our real estate. A weakened dollar coupled with a buyer's market is prompting foreigners to snatch up expensive homes here in the US. Of the $928 billion spent on US real estate in the year ending in March, $82.5 billion came from foreigners.... More »

Once-Slammed Phoenix Sees Housing Turnaround

Economists say it hit bottom and is beginning to rebound

(Newser) - Few cities got hit harder by the bursting real estate bubble than Phoenix, notes the Wall Street Journal , which points out that prices plunged 55% as the foreclosure rate rose to No. 3 in the nation. Despite those bleak stats—or maybe because of them—the city is now enjoying... More »

Housing Prices Hit New Recession Low

And there's no bottom in sight

(Newser) - The housing industry keeps finding new lows: Today's Case-Shiller price index shows that prices fell in the first quarter to the lowest levels since the crash began, reports the Wall Street Journal . The drop of 4.2%, on top of last quarter's 3.6% drop, is evidence of... More »

Foreclosures Still 'Astronomically High'

They account for 28% of all home sales

(Newser) - Sales of homes in some stage of foreclosure declined year-over-year in the first quarter, but they still accounted for 28% of all home sales—a share nearly six times higher than what it would be in a healthy housing market. As a slice of all home purchases, foreclosure sales peaked... More »

Goodbye McMansions, Hello Small Homes

When new houses start selling again, they'll be downsized

(Newser) - It's possible that when the housing market finally wakes up from its long recessionary nap, Americans will be just dying to live in newly constructed giant homes again, writes Witold Rybczynski at Slate . "But don't count on it." It's far more likely that we won'... More »

US Sees Big Shift in Attitude on New Houses

Nobody wants them; they'll take foreclosures instead

(Newser) - If previous patterns held, sales of new homes would be seeing a healthy bounce right about now, notes the New York Times . After all, the economy is showing a little life, rates are low, and demand has been pent-up for a while. The reality? Sales of new homes were down... More »

Home Sales Fell 9.6% in February

Media sales price hits lowest level in almost 9 years

(Newser) - Fewer Americans bought previously occupied homes last month, and those who did purchased them at steep discounts. The weak sales and rise in foreclosures pushed home prices down to their lowest level in nearly 9 years. Sales of previously occupied homes fell to a seasonally adjusted annual rate of 4.... More »

20 Worst Places to Sell Your House

Hint: California and Florida show up a lot

(Newser) - It's a rough time in general to sell your home, but some places are (far) worse than others. Richard Florida rounds up the 20 worst for the Daily Beast , with nine of the regions in California and six in Florida. Here are the top 5:
  1. Riverside-San Bernardino-Ontario, Calif: One of
... More »

Hands Off, Obama: Let Housing Prices Fall

False incentives will hurt us in the long run

(Newser) - In case you missed it, be advised that home sales have fallen off a cliff. This week's grim numbers will no doubt raise the call for the Obama administration to reach into its bag of tricks (bring back that tax credit, maybe?) to encourage people to buy and thus keep... More »

New Home Sales Drop 12.4% in July

Sales pace falls way short of 330K expected

(Newser) - Sales of new US homes dropped sharply last month to the slowest pace on record, the latest sign that the economic recovery is fading. The Commerce Department says new home sales fell 12.4% in July from a month earlier to a seasonally adjusted annual sales pace of 276,600.... More »

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