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Home sales give way as prices enter unprecedented territory

Sales of previously occupied U.S. homes slowed for the fourth consecutive month as climbing mortgage rates and record high prices discouraged house hunters. Existing home sales fell...

Tenants grapple with rent hikes amid overall inflation spike

LOS ANGELES (AP) — At a time when rising gasoline and food prices are already straining Americans' budgets, many apartment tenants are grappling with soaring rents. The Miami-Fort La...

Re/Max CEO: Home prices can't keep up double-digit gains

LOS ANGELES (AP) — The U.S. housing market is slowing as would-be buyers struggle with rising borrowing costs and a persistent shortage of properties for sale. Previously occupied ho...

More buyers opt for adjustable-rate mortgages as rates rise

LOS ANGELES (AP) — Rising interest rates are making adjustable-rate mortgages an increasingly attractive alternative to common 30-year, fixed-rate home loans. ARMs made up 13% of all...

Home sales tumble again as mortgage rates surge

Sales of previously occupied U.S. homes slowed for the third consecutive month in April as mortgage rates surged, driving up borrowing costs for would-be buyers as home prices soared to new highs. ...

GM's $2.94B 1Q profit tops Street views, but revenue misses

LOS ANGELES (AP) — General Motors’ net income declined in the first quarter, as the automaker sold fewer cars and trucks worldwide, although higher prices helped boost revenue, especially in North Ame...

Higher mortgage rates set stage for lower home sales

LOS ANGELES (AP) — Low mortgage rates have helped juice the housing market over the past decade, easing the way for borrowers to finance ever-higher home prices. A run-up in rates in...

March home sales fall as mortgage rates, home prices climb

Sales of previously occupied U.S. homes slowed in March to the slowest pace in nearly two years as a swift rise in mortgage rates and record-high prices discouraged would-be homebuyers. ...

Homebuyers stymied by fewer homes, high prices, rising rates

LOS ANGELES (AP) — Shortly after moving to South Florida for a new job with the U.S. military, Shannon Kaufman and his wife, Wendy, signed up for a whole other mission: buying a home. ...

Musk suggests Twitter changes, including accepting Dogecoin

As Twitter’s newest board member and largest shareholder, Elon Musk is already floating suggestions for changes he’d like to see on the social media platform. In a series of tweets l...

Homebuilder stock slump over rates seen overdone

LOS ANGELES (AP) — Homebuilder stocks have lagged far behind the broader market during Wall Street’s swoon this year, weighed down by fears that rising mortgage rates could severely dampen sales. ...

February home sales fall amid higher mortgage rates, prices

Sales of previously occupied U.S. homes fell in February as competition for a near-record low number of properties on the market drove prices higher and rising mortgage rates kept would-be buyers on t...

US housing market fuels bidding wars, driving prices higher

LOS ANGELES (AP) — Would-be homeowners are increasingly opting to pay sellers more than their asking price in hopes of edging out rival buyers as heightened competition for few homes on the market fue...

January home sales rise ahead of expected rate hikes

LOS ANGELES (AP) — Sales of previously occupied homes rose in January as a surge in buyers with cash and others eager to avoid higher mortgage rates snapped up properties, leaving the number of availa...

Banner 2021 for stocks boosts gains for 401(k) savers

LOS ANGELES (AP) — Wall Street’s blockbuster gains in 2021 helped pad savers' retirement accounts, lifting the average balance on some popular investment plans to new highs. The aver...