Home sales

The median home price has risen to $413,800, the second highest price ever, according to data released Thursday by the National Association of Realtors.

Economy

Inflation may be cooling, but the housing market is still too hot for many buyers

11:49am July 20, 2023

by Erin Kenney

The median home price has risen to $413,800 – the second-highest price ever — thanks to a shortage of homes on the market and high mortgage rates. Experts say renting may be a better option.

Economy

April home sales dip in Greensboro

3:28pm May 31, 2023

by David Ford

Home sales have dipped across the country, region and Triad due to a variety of factors including interest rates, construction costs, and changing demographics.

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Both home prices and the pace of home sales are falling nationally as higher mortgage rates cool off the market.

Economy

Home prices see biggest drop in 9 years, thanks to higher mortgage rates

3:02pm September 21, 2022

by Chris Arnold

The super-heated housing market is cooling off. Home prices have fallen about 6% since their peak in June. The pace of sales also fell for the 7th straight month.

Contractors work on the roof of a house under construction in Louisville, Ky. A new study shows the U.S. is 3.8 million homes short of meeting housing needs.

There's a massive housing shortage across the U.S. Here's how bad it is where you live

2:48pm July 14, 2022

Hundreds of cities and towns are seriously short of housing, both homes to buy and rentals, according to a new study. It's the main reason that home prices and rents are so high.

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New homes under construction in Mebane, N.C., earlier this month. A historic shortage of homes for sale has been pushing prices sharply higher. So builders are trying to ramp up projects.

Home prices rose faster than ever in 2021. The typical home gained $50,000 in value

2:47pm January 20, 2022

by Chris Arnold

For first time homebuyers it was one of the hardest years ever to afford a house. But homeowners saw tremendous gains in housing wealth.

Lauren Barber stands in her home in Columbus, Ohio, on Nov. 16. Barber has been inundated with offers from investors and companies that want to buy her house. She sometimes gets called or texted more than five times a day with offers.

Hey, I want to buy your house: Homeowners besieged by unsolicited offers

9:07am November 20, 2021

by Chris Arnold

Lots of speculators are jockeying to get in on the hot market. Sometime they call homeowners multiple times a day. It can be an invasive nuisance, or worse.

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A record low number of homes for sale is pushing up prices and making it harder for first-time buyers to afford homeownership.

Out Of Whack: Lack of Homes For Sale Sends Prices Surging, Frustrates Buyers

3:56pm March 22, 2021

by Chris Arnold

Sales of existing homes fell 6.6% in February from the month before. Meanwhile, prices are up 16% over the past year, giving homeowners about $2 trillion more in equity and widening the wealth gap.

The supply of previously owned single-family homes fell to a 2.4 months in October — the lowest since 1982, when the National Association of Realtors began collecting the data.

'We Need To Build More Homes': Prices Soar Amid Housing Shortage

3:03pm November 19, 2020

by Chris Arnold

It's not only low interest rates pushing up prices to record highs. A historic lack of homes for sale is a big part of it too. And it's making homeownership unaffordable for too many people.

Sales of previously owned homes jumped more than 20% in September from a year earlier, but sales of homes costing more than $1 million more than doubled.

Housing Boom: Sales of Million-Dollar Homes Double

5:13pm October 22, 2020

by Chris Arnold

The housing market is on a tear, setting all kinds of records, including prices. But it's also a reflection of the uneven economic recovery and more first-time homebuyers are getting priced out.

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Janet Jenkins used RedfinNow, an iBuyer service, to quickly sell her home near Los Angeles. The company repainted it, spruced it up and put it back on the market for sale.

Economy

Who Needs A Realtor? iBuyers Pay Instant Cash For Your House

1:01pm February 26, 2020

by Chris Arnold

Companies such as Opendoor, RedfinNow and Zillow will pay cash for your house and buy it quickly. New numbers show these types of sales are growing very quickly, but is it a good idea?

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