(ITB)

Pending home sales in August rose 4% from July and were 3.8% higher year-over-year, a strong beat of Wall Street's expectations. The count is based on signed contracts, so it's a forward-looking indic...

Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include cover...

The median home price rose to $422,600, up 2% from a year ago and the highest price ever for the month of August.

Home sales remain tepid as some home buyers struggle with a market that is still too competitive.

Sales of previously owned homes barely budged in August compared with July, as mortgage rates remained stubbornly high. Those rates are now lower.

Modestly lower mortgage rates could result in a stronger showing this fall, however.

New home sales unexpectedly surged to their highest level in over 3.5 years in August. According to the Census Bureau, new home sales were at a seasonally adjusted annual rate of 800,000 last month.