U.S. New-Home Sales Fall 8.7% in August Amid High Mortgage Rates
Mario Tama / Getty ImagesThe numbers: Sales of newly built homes in the U.S. fell in August as interest rates and home prices stayed elevated, dampening buyer demand.U.S. new-home sales fell 8.7% to an annual rate of 675,000 in August, from a revised 739,000 in the prior month, the Commerce Departme
U.S. Home Prices Increased in July
Mario Tama / Getty ImagesHome prices rose in July as low supply continued to frustrate buyers.The S&P CoreLogic Case-Shiller National Home Price Index, which measures home prices across the nation, gained 1% from a year earlier in July, after holding steady the prior month.On a month-over-month basi
Commercial Listing? Don’t Misrepresent the Facts
Dear Shannon: A broker listed a property to include a rental apartment upstairs, figuring the new buyer could get the zoning changed. But it wasn’t zoned for a residential apartment when listed. Should a complaint be filed against the commercial listing broker?
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