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Home sales rose in January as buyers seized on lower rates

Existing-home sales rose to a rate of 4 million annualized in January, matching the highest level since August, the National Association of Realtors said.

Lawrence-yun , National-association-of-realtors , National-association , Wall-street , Federal-reserve , Article-normal , Housing , Housingmarket , Homesales , Existinghomesales , Housingbust , Housingbubble

These are the most overvalued housing markets in the world, according to UBS

House prices declined in several major cities around the world over the last year, while some cities are entering 'bubble' territory.

New-york , United-states , Boston , Massachusetts , Tokyo , Japan , Toronto , Ontario , Canada , Miami , Florida , Zurich

These are the most overvalued housing markets in the world, according to UBS

House prices declined in several major cities around the world over the last year, while some cities are entering 'bubble' territory.

Miami , Florida , United-states , Zurich , Züsz , Switzerland , New-york , Toronto , Ontario , Canada , San-francisco , California

U.S. mortgage rates rise to the highest level in 21 years

The 30-year mortgage rate is averaging at 7.09%, Freddie Mac said in its latest weekly survey on Thursday.

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Newly built U.S. home sales fall in June

U.S. new-home sales fell 2.5% to an annual rate of 697,000 in June, from a revised 715,000 in the prior month, the Commerce Department reported Wednesday.

Commerce-department , Article-normal , Newhomesales , Newhomeconstruction , Homesales , Newconstruction , Homebuilders , Homesforsale , Newhomeprices , Newhomesalescensus , Homebuildersales

How far do mortgage rates need to fall for homeowners to start selling their homes?

More bad news for the would-be homebuyers after the U.S. Federal Reserve raised the benchmark rate by 25 basis points on Wednesday.

Seattle , Washington , United-states , Boston , Massachusetts , Americans , Marie-cantu , Melissa-cohn , Lisa-sturtevant , Matthew-ricci , Fannie-mae , Mortgage-bankers-association