real estate market

An Evanston home that set the stage for the 1984 film “Sixteen Candles” hit the market last week for $1.65 million.

Sales of existing homes fell for the third straight month in April as the number of properties for sale hit a record low, driving prices to new highs.

An estate on Indian Creek Island sold for $50 million, making it the most expensive single-family home ever sold in the Miami area, according to people familiar with the deal. The property, at 3 Indian Creek Island Road, was not officially listed but had sold in 2012 for $47 million. At the time, that marked a record for the most...

When home sales weaken, prices typically do, too, and buyers benefit. Not quite this time. Home purchases in many areas of the country have dipped, and price gains have slowed. Yet a rising number of middle-class Americans are finding that home ownership is unaffordable. Why? Mortgage rates are up after years near historic lows. Price increases have been outrunning paychecks....

U.S. sales of existing homes were unchanged in August, as a shortage of houses priced at less than $250,000 — a level considered to be affordable for the middle class — has become a drag on the real estate market. The National Association of Realtors said Thursday that homes sold last month at a seasonally adjusted annual pace of 5.34...

The chief financial officer of Donald Sterling’s properties said Monday that the billionaire may be forced to sell a large portion of his real estate empire to cover $500 million in loans if he persists in refusing to sell the Los Angeles Clippers for $2 billion.