Investing

New home sales climb to 2 year high

Sales of newly built homes rose to its highest level in two years, largely led by limited supply of previously owned homes and record-low mortgage rates.

New home sales up 7.6 Pct: Commerce Dept

New single-family home sales were up 7.6 percent from April or 369,000 annualized sales, according to a report released by the Commerce Department on Monday.

California home sales show an upturn in housing market

The state of California experienced an 11.2 percent growth in home sales over the May-to-May time period, according to recent data from the California Association of Realtors.