A house's real estate for sale sign shows the home as being "Under Contract" in Washington, DC.Saul Loeb | AFP | Getty ImagesPending home sales, a measure of signed contracts on existing homes, rose slightly in May, up 0.7% compared with April, accordi...
Sales of existing homes in May dropped 3.4% to a seasonally adjusted annualized rate of 5.41 million units, according to the National Association of Realtors.Sales were 8.6% lower than in May 2021. April's sales were revised slightly lower as well.This...
As quickly as mortgage rates are rising, the once red-hot housing market is cooling off. Home prices are still historically high, but there is concern now that they will ease up as well.All of this has people asking: Is today's housing market in the sa...
A contractor frames a house under construction in Lehi, Utah, U.S., on Wednesday, Dec. 16, 2020. Private residential construction in the U.S. rose 2.7% in November.George Frey | Bloomberg | Getty ImagesSentiment among the nation's homebuilders fell for...
Mortgage rates jumped sharply this week, as fears of a potentially more aggressive rate hike from the Federal Reserve upset financial markets.The average rate on the popular 30-year fixed mortgage rose 10 basis points to 6.28% Tuesday, according to Mor...
A sold sign sits outside a home. Adam Jeffery | CNBCRising mortgage rates did not slow down rising home prices in March.Nationally, home prices were 20.6% higher than they were in March 2021, according to the S&P CoreLogic Case-Shiller Home Pr...
House "sold" sign Peoria, IllinoisDaniel Acker | Bloomberg | Getty ImagesSales of existing homes dropped 2.7% in March to a seasonally adjusted, annualized rate of 5.77 million units, according to the National Association of Realtors. February's readin...
A contractor uses a hammer while working on townhouse under construction at the PulteGroup Metro housing development in Milpitas, California.David Paul Morris | Bloomberg | Getty ImagesSharply rising mortgage rates are taking their toll on the nation's...
California just experienced its driest January and February ever, and the snowpack is dangerously low. As the West enters its third year of drought, water sources are drying up, and restrictions on the Colorado River are now hitting all sectors of the ...
The rate for the most common kind of mortgage just surged again.The average rate on the 30-year fixed mortgage shot significantly higher Friday, rising 24 basis points to 4.95%, according to Mortgage News Daily. It is now 164 basis points higher than i...
House Republicans failed for the second time to pass a procedural hurdle for one of its 12 annual spending bills Thursday, a sign of the ongoing chaos over how to fund the government in the next fiscal year.The vote failed 212-216, with five Republican...
Tshisekedi’s pronouncement comes just weeks after the East African Community extended the mandate of a regional force in DRC.President Felix Tshisekedi of the Democratic Republic of Congo has asked his government to fast-track the withdrawal of a Unite...
Director Bharathiraja confirmed the demise of Babu by sharing the news on X and wrote, "He had the potential to rise as a massive star." Babu, a popular Tamil actor known for his role in the movie En Uyir Thozhan, passed away on Tuesday. He was 60. Ove...
The U.S. Navy is investing billions of dollars to revamp its Cold War-era submarine detection system in the Pacific Ocean as China bolsters its own navy and becomes more belligerent.The U.S. Integrated Undersea Surveillance System was first built in th...
Rock and roll legend Eric Clapton raised $2.2 million for Democrat presidential candidate Robert F. Kennedy, Jr., at a recent campaign event.Clapton performed at a Los Angeles fundraiser for Kennedy on Monday in support of his primary campaign against ...
