New Home Sales Edge Up in May
Sales of new homes rose 2.1 percent in May to a seasonally adjusted annual rate of 476,000, according to the Department of Commerce. Sales were 29 percent higher than a year ago. The median new home price was $263,900. Read more.
House Price Index Edges Up in April
U.S. house prices increased 0.7 percent from March to April, according to the Federal Housing Finance Agency’s House Price Index released yesterday. Prices are up 7.4 percent from a year previous, the agency said, but still 11.7 percent below their April 2007 peak. The FHFA's monthly index is calculated using the prices of houses bought with mortgages backed by Fannie Mae and Freddie Mac
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