Real Estate

Home prices reach new high in May as growth pace slows

The national median listing price for active listings hitting $380,000 last month, an increase of about 15.2% compared to a year ago, according to Realtor.com. Driving this increase is the "lack of available homes" according to the real estate listing website.

California eyes shuttered malls, stores for new housing

California state lawmakers are grappling with a particularly 21st-century problem: What to do with the growing number of shopping malls and big box retail stores left empty by consumers shifting their purchases to the web.