Real Estate News

Sales of New Homes Fell in December, but the Future Looks Bright for the Home-Building Industry

fstop123/iStockThe numbers: Sales of newly-constructed homes in the U.S. dropped 0.4% on a monthly basis in December to a seasonally-adjusted annual rate of 694,000, the government reported Monday. That’s compared with a seasonally-adjusted pace of 697,000 set in November, which was revised downward from the original report released last month. Because of the sample size of the...

Home Prices Continued to Climb in November

Daniel Acker/Bloomberg via Getty ImagesHome-price growth accelerated in November, in the latest sign the home-sales market is picking up steam after a slow start to 2019. The S&P CoreLogic Case-Shiller National Home Price Index, which measures average home prices in major metropolitan areas across the nation, rose 3.5% in the 12 months to November, up from a 3.2% annual pace the prior month. After a...

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