(CNN) Despite rising mortgage rates that dampened sales, home prices continued to climb higher in the second quarter, with many more cities seeing double-digit price gains than in the first part of the year. The median single-family existing home price in the second quarter was $413,500 -- the first time this quarterly price has ever risen above $400,000, according to the latest quarterly report from the National Association of Realtors. Home prices for the quarter were up 14.2% from a year ago, slightly slower than the 15.4% year-over-year price increase experienced in the first quarter. A majority, 80%, of US metro areas saw double-digit home price increases last quarter, or 148 out of 185. That's up from 70% of cities in the first quarter. "Home prices have increased at a pace that far exceeds wage gains, especially for low- and middle-income workers," said Lawrence Yun, NAR's chief economist. Read More Together with rising mortgage … [Read more...] about Home prices hit a new record high in the second quarter
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Opendoor Labs, an online home buying platform, agreed on Monday to pay $62 million to the Federal Trade Commission to settle claims that it used misleading marketing practices to persuade people to sell their homes on the site. The company, which claims it allows homeowners to sell their homes more quickly than through a broker, deceived customers into offering their properties to Opendoor for less than they would have made on the market, the F.T.C. said Monday in a news release . The agency said Opendoor had presented home sellers with charts that showed they would make thousands of dollars more by selling their properties on the platform compared with in the traditional marketplace. Opendoor said in a statement on Monday that it disagreed with the F.T.C.’s allegations, which the company said were tied to its business activities from 2017 to 2019. “While we strongly disagree with the F.T.C.’s allegations, our decision to settle with the commission will allow us to … [Read more...] about Home buying firm settles deceptive marketing claims for $62 million.
0 Real Estate Curious about what's on the market? Here is what the latest houses in Arlington Heights have to offer. Real Estate News , Patch Staff Posted Reply ARLINGTON HEIGHTS, IL — Looking for a new home, and want to get a better understanding of what's available near you? Perhaps you could use some help in your search? Fear not! To keep you in the game, we here at Patch have compiled a fresh batch of new listings nearby. Below is a list of the five latest houses to go up for sale in and around the Arlington Heights area — such as a listing in the Rolling Meadows area with 3 beds and 1 bath for $255,000, and another with 5 beds and 3 baths for $529,900. Like what you see? Simply click on any address in the list to get additional pics and details. Enjoy! Editor's note: This list was automatically generated. Related: Visit The Patch Mortgage Center To Lock In Today's Best Rates 1. 2307 N Arlington Heights Road, … [Read more...] about Arlington Heights: 5 Freshest Homes For Sale
0 Real Estate See the latest houses on the market in and around the Peters area. Real Estate News , Patch Staff Posted Reply PETERS, PA — Whether you're actively looking for a new home or just thinking about other properties nearby, you can start your search with five of the newest listings in Peters featured below. Follow the address links below to see more photos of homes that spark your interest. Here's a sampling of the latest batch of new properties to hit the market in and around Peters — such as a home in the Canonsburg area with 3 beds and 3 baths for $2,200, and another in the North Strabane area with 4 beds and 4 baths for $639,900. Looking for more photos and information? Just click on any address to learn more. Enjoy! Editor's note: This list was automatically generated. Related: Visit The Patch Mortgage Center To Lock In Today's Best Rates 1. 1212 Linden Vue Dr, North Strabane, PA 15317 Price: … [Read more...] about Peters: 5 Freshest Homes For Sale
0 Real Estate Here are the newest houses available now in and around the Lake Forest-Lake Bluff area. Real Estate News , Patch Staff Posted Reply LAKE FOREST-LAKE BLUFF, IL — Looking for a new house nearby, but getting tired of seeing the same old listings over and over? Not to fear! To keep you up to date, we've got an up-to-date batch of new listings nearby. Here's a sampling of the newest batch of houses to hit the market in and around Lake Forest-Lake Bluff — such as a listing in the Lake Bluff area with 3 beds and 2 baths for $549,900, and another in the Lake Forest area with 3 beds for $674,900. Like what you see? Simply click on any address in the list to get additional pics and details. Happy house hunting! Editor's note: This list was automatically generated. Related: Visit The Patch Mortgage Center To Lock In Today's Best Rates 1. 293 Scott Street, Lake Forest, IL 60045 Price: $674,900 Size: 3 … [Read more...] about 3 New Properties For Sale In The Lake Forest-Lake Bluff Area
0 Real Estate This beautiful Libertyville-area estate is up for sale. Amie Schaenzer , Patch Staff Posted Reply LIBERTYVILLE, IL — A massive home that features a pool and private pool house has hit the market in Libertyville. Located at 1600 Timber Woods Lane in Libertyville, the four-bedroom, six-bathroom home is selling for $2 million. The mansion includes a custom kitchen, a finished basement and motorized window blinds. We have more information on the home below: Address: 1600 Timber Woods Lane, Libertyville, IL Price: $1199999 Square feet: 4400 Bedrooms: 4 Bathrooms: 6 Listing Description: Incredible home available in Daybreak Farms. Perfect location. Four bedrooms with Six full baths. Beautiful layout. Large in ground pool. Custom De Giulio kitchen. Private pool house with kitchen and laundry room. Recently renovated. New flooring throughout. All bathrooms completely remodeled. Incredible detailed … [Read more...] about Home Has Pool, Pool House With Kitchen, Laundry Room