Purchase

Home sales dipped in Ohio and across the nation last month, as prices climbed, mortgage rates inched up and would-be buyers were stymied by a persistent shortage of available properties.

Home sales in greater Hartford slowed in May — in the thick of the spring home buying season — and prices paid slipped, after three straight months of encouraging gains, a new report shows.

Purchases of new homes advanced in May to a six-month high as sales in the South increased to the fastest pace since 2007, according to government data.

Since the bottom of the housing market in 2012, home prices have increased 75% but wages have only increased 13%.

The Southern California median home price surged 8.2% in May from a year earlier, hitting a new all-time high of $530,000, according to a report from CoreLogic.

House sales posted big gains in New Mexico from May 2017 to May 2018, showing a 28% increase.

The share of consumers confident that it wouldn't be difficult to obtain a mortgage in the current market shot up 10% from a quarter ago, according to the National Association of Realtors.

Sales of existing single-family homes in Maine decreased slightly in May from a year earlier as a result of limited housing inventory, but prices continued to rise.

Sales of new and existing homes in the Albany, N.Y., region fell 7% in May from year-earlier levels as real estate brokers blamed a lack of available homes for the decline.

With affordability down to its lowest level in nearly 10 years, average wages aren't enough to afford a home in 75% of local housing markets, according to Attom Data Solutions.

Savannah, Ga., area homes sales continue to heat up moving into the summer month's breaking records in both April and May.

Metro Atlanta home prices are up 9.9% from a year ago, even as the number of sales has slipped.

Mortgage rates slid over the past week and have now declined in three of the past four weeks, according to Freddie Mac.

Sales of previously owned homes unexpectedly fell in May for a second month as a lack of inventory and elevated asking prices weighed on demand, National Association of Realtors data showed.

House listings in the Twin Cities posted a rare increase last month, a slight shift in the long-running sellers' market.

The Buffalo Niagara, N.Y., housing market is getting even tighter.

Mortgage application activity increased 5.1%, rising for the second time in the past three weeks, according to the Mortgage Bankers Association.

Higher interest rates on home mortgages drove the share of loans used to purchase houses rather than refinance to new heights in May.

Resale inventory is at its lowest level in 18 years and new construction supply continues being outpaced by high demand, according to CoreLogic.

Familiar themes continued to play out in the Albuquerque housing market in May.