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Home buyers are willing to pay a premium in order to live in a top-ranked school district, a new study finds. They’re forking over an average of $50 more per square foot for homes near top-notch schools, according to Redfin. The brokerage used MLS databases to calculate the median sales price and price per square […]
Some of the nation’s largest home builders are raising prices at a furious pace, even as prices for existing homes begin to moderate. While newly built homes have always sold at a premium to existing homes, the divide is widening. Continue reading…
Purchases of new U.S. homes plunged 13.4 percent in July, the most in more than three years, raising concern higher mortgage rates will slow the real-estate rebound. Sales fell to a 394,000 annualized pace, Commerce Department figures showed today in Washington. The reading was the weakest since October and was lower than any of the […]