Home prices

Home sales in Greater Hartford continued to surge in August with houses selling faster and at higher prices than the same month a year ago.

A summer resurgence of home buying stretched into August, defying the pandemic to set record home prices and drive sales to a near two-year high, new housing figures show.

Chattanooga, Tenn., home sales continued last month to rebound from the coronavirus-spurred slump in the spring, boosting the median price of homes sold during August to an all-time high.

Sales of new homes climbed in Houston and other large Texas markets in August, with September shaping up to be another strong month for sales for the homebuilding industry.

Outside the densely populated coastal hubs, annual home sales grew by leaps and bounds, as buying patterns shifted toward more space with less emphasis on proximity to urban centers, according to Redfin.

Sales of previously owned homes remained brisk in August as low mortgage rates and demand for space in the suburbs sustained strength in a housing market that’s a bright spot for the economy.

The song remains the same: There still aren't enough houses to keep up with all the people trying to buy them in Missoula, Mont., so that means prices keep shooting up.

More defaults will lead to an increase in distressed sales, and that will drive down prices, CoreLogic said.

A boom in the U.K. housing market gathered pace this month as Britons' pandemic-driven desire for more living space and a tax break on purchases pushed asking prices up by the most in four years.

Canadian new home prices recorded their sharpest one-month gain in three years with higher demand and rising costs for building materials.