The median sale price for a home rose to $360,250 during the four-week period ending Dec. 5, a gain of 14% from a year earlier, the report said.
Prices for detached single-family homes surged as people searched for low-density living quarters during the pandemic, CoreLogic said.
The volume of signed contracts to purchase homes jumped as Americans rushed to secure financing before mortgage rates rose higher.
New-home sales in October rose to the highest level since April, according to a Commerce Department report.
Existing home sales in October rose to the highest level since January, according to a Monday report from the National Association of Realtors.
Residential builders are still being challenged by a lack of materials and workers, said Mark Vitner, a Wells Fargo senior economist.
Homebuilder confidence rose in November, the third consecutive month of gains, despite supply-chain bottlenecks that slowed deliveries.
The top reason to move, according to sellers, was the desire to be close to friends and family. The No. 2 reason was the need for more space, according to the NAR report.
Record gains in home prices and a shortage of properties for sale have given sellers the most confidence they’ve ever had, according to a report from Fannie Mae.
A third of real estate listings were under contract within seven days, rising from a month earlier during a time when home sales typically slow.
Here are some steps homebuyers can take to stay within their housing budget.
Using an all-cash offer service can give buyers an advantage, but it's not free.
Rising mortgage rates are cutting into what homeowners can afford to spend on a home. Here's what a $2,000-a-month housing budget gets you in different parts of the nation.
“Sellers are losing control of the housing market," Redfin's deputy chief economist said.
