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Sales of new homes in the U.S. fell in June to the lowest level since the first month of the U.S. coronavirus pandemic in early 2020, as high prices and a limited selection frustrated scores of would-be buyers. New-home sales dropped 6.6% to an annual rate of 676,000, the government said Monday. That’s how many […]

Prices and sales volumes are hitting record highs as ultrawealthy buyers jockey with each other for scarce inventory and a slice of Florida coastline. As the ink dried on a $122.7 million deal for the sale of a contemporary oceanfront Palm Beach mansion this past February, real-estate agent Ryan Serhant toasted his success with a […]

Soaring home prices are making many homeowners wealthier and wealthier. Those with mortgages — about 62% of all properties — saw their equity jump by 20% in the first quarter from a year earlier, according to CoreLogic. That represents an average gain of $33,400 in just that one year period. Altogether, the amount of available, tappable equity has never […]

The median U.S. home price rose to a new high of $363,300 in June as strong demand pushed home sales higher. Existing-home sales rose 1.4% in June from the prior month to a seasonally adjusted annual rate of 5.86 million, the National Association of Realtors said Thursday. June sales rose 22.9% from a year earlier. […]