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FILE - This Wednesday, May 18, 2016, file photo shows a "Sold" sign in front of a house in Walpole, Mass. On Wednesday, Aug. 24, 2016, the National Association of Realtors reports on sales of existing homes in July. (AP Photo/Steven Senne, File)
FILE - This Wednesday, May 18, 2016, file photo shows a "Sold" sign in front of a house in Walpole, Mass. (AP Photo/Steven Senne, File)
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US home sales fell in July amid inventory shortage

US homebuyers pulled back in July, as sales declined amid a shortage of available properties and steadily rising prices.

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In this Tuesday, Feb. 2, 2016, photo, a "Sold" sign sits in front of the foundation of a house under construction as workers discuss plans in Plano, Texas. (AP Photo/LM Otero)
In this Tuesday, Feb. 2, 2016, photo, a "Sold" sign sits in front of the foundation of a house under construction as workers discuss plans in Plano, Texas. (AP Photo/LM Otero)
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Western US homebuyers push up sales of new homes in February

U.S. homebuyers in the West accounted for all of February's increase in sales of new houses, possibly signaling uncertain growth prospects for the broader real estate market heading into the spring buying season.

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Homebuyers
Couple in new home (Catherine Yeulet, ThinkStock)
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Millennials want to buy homes soon, but NJ supply ‘constrained’

They've been scared off by stagnant wages and a lackluster housing market, but a good share of potential first-time homebuyers seem ready to take that plunge in the near future.

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Home for sale
Scott Olson, Getty Images
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Closing costs are giving sticker shock to home-buying Millennials

Millennials make up the largest home-buying segment in the U.S. right now and yet, when it comes to purchasing a home, many of them have no idea that they have to pay what usually amounts to several thousands of dollars in closing costs.

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Home sales
David McNew, Getty Images
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Average US rate on 30-year mortgage barely moves at 3.7 pct.

Average long-term U.S. mortgage rates barely moved this week, remaining close to historically low levels as the spring home-buying season gets underway.

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Homebuyers
Catherine Yeulet, ThinkStock
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Millennials holding off on first home

The economy is improving, hiring is gaining strength and average hourly wages are moving upward, which means potential homebuyers are beginning to feel better about taking on a mortgage. However, it's a different story for millennials who are not quite ready to pull the trigger.

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House Sold
Justin Sullivan, Getty Images
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Mortgage Closing Costs on the Rise [AUDIO]

If you're buying a new home or refinancing, mortgage closings costs are up six percent over the past year to an average of $2,402 nationally on a $200,000 loan.

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