Americans signed contracts to buy homes in April at the fastest pace in nearly nine years, evidence that steady job growth is strengthening the real estate market.
Sales of existing U.S. homes slipped in April due mainly to relatively few listings and rising prices, providing evidence of the housing sector's uneven recovery.
In nearly one-third of housing markets across the country, buying a home is less affordable now than it has been over the last 14 years. But in New Jersey, homes are more affordable.
Rapid home price increases in some parts of the country have prompted an alarm about another "housing bubble," but a New Jersey economist says that's not the case in the Garden State.
U.S. home prices dipped in January for a third straight month, likely because of slower sales in recent months caused by cold weather, a limited supply of homes and higher mortgage rates.