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New home sales fell 13.7% in May, showing that the housing market is in a freeze. Redfin said this month that unsold inventory is at a record high.
New home sales dropped 13.7% to a seasonally adjusted annualized rate of 623,000 units last month, a seven-month low, the Commerce Department's Census Bureau said.
Last month was the slowest May for existing home sales since 2009. They were down 0.7% year-over-year to 4.03 million, and sales in the West were down significantly.
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The Wayne County Sheriff’s Office says they were called to a home on Ky. Highway 776 Wednesday night for an intoxicated male firing gunshots.
At Home filed for Chapter 11 bankruptcy on Monday, June 16. As a result, the home goods retailer will close 26 "underperforming" stores by Sept. 30.
Police on Ocean County, New Jersey, have charged two 18-year-old men after, officials claim, they fired a flare gun into a home in Barnegat Township, starting a fire in the living room on June 7 ...
Why are so few homes for sale? Why are interest rates so high? We talked to Peoria real estate agents about the challenges of buying a home.
Stolen trailer case leads Santa Rosa police to gun, drug lab Police say they found short-barreled rifles, assault weapons, and a DMT lab after tracking a stolen trailer to a Santa Rosa home.
People selling homes in the U.S. outnumbered buyers by nearly 500,000, which should make it a buyers' market. But despite the number of homes on the market, sellers are holding off on lowering ...