The combination of low inventories on homes for sale and rising interest rates are resulting in some sellers receiving up to a dozen or more offers on their properties the day the home is listed on the market.  What a disappointment to home buyers, who just months ago, had ...

The Associated Press reports that Americans purchased new homes last August at the fastest pace in more than seven years. New-home sales surged 5.7 percent to a seasonally adjusted annual rate of 552,000, the Commerce Department said Thursday. That is the strongest pace since February 2008, near the ...