existing home sales – News Stories About existing home sales - Page 2

Nov 24, 2008 10:59 AM CST

Existing-Home Prices Take Record Dive

11.3% decline is biggest on record; sales down again in Oct. after Sept. uptick

(Newser) - After a brief, unexpected rise in September, sales of existing homes plunged again in October, with the median price taking its biggest drop on record, the Wall Street Journal reports. Home resales fell 3.1% to a 4.98 million annual rate, from September’s revised 5.14 million pace....

Home Sales Up 5.5%,
Biggest Gain in 5 Years

Oct 24, 2008 11:10 AM CDT

Home Sales Up 5.5%, Biggest Gain in 5 Years

Inventories still at historic highs

(Newser) - Sales of existing US homes rose by the largest amount in more than five years in last month, a real estate trade group said today. The data offer a glimmer of hope that the housing slump could be starting to bottom out. The National Association of Realtors said sales of...

Home Sales Climb, but
Prices Keep Falling

Economy

Aug 25, 2008 10:19 AM CDT

Home Sales Climb, but Prices Keep Falling

Expanding inventories still damaging market

(Newser) - Existing home sales were better than expected in July, rising 3.1% to an annual rate of 5 million, the Wall Street Journal reports. But inventories continued their steady expansion anyway, driving prices further downward. The median home price for July was $212,400, down 7.1% from July 2007....

Foreclosure Sales Rebound as Buyers Snap Up Deals

May 27, 2008 7:31 AM CDT

Foreclosure Sales Rebound as Buyers Snap Up Deals

But prices drop drastically as lenders bite the bullet

(Newser) - April generally was not a great month for home sales, the Wall Street Journal reports—except in the areas hardest hit by the subprime crisis as lenders slash prices on foreclosed homes and buyers snap them up. Subprime-riddled Detroit, for example, has seen home sales rise 48% in the past...

Dismal Day Ends Dismal Week

MARKETS

May 23, 2008 3:34 PM CDT

Dismal Day Ends Dismal Week

Housing, oil continue to pummel equities

(Newser) - Stocks fell today, rounding out a gloomy week as the familiar themes of housing malaise and energy costs manifested in widespread big losses, MarketWatch reports. The Dow fell 145.99 to close at 12,479.63, the Nasdaq lost 19.91, settling at 2,444.67, and the S&P...

March Home Sales, Prices Fall

Economy

Apr 22, 2008 10:02 AM CDT

March Home Sales, Prices Fall

Buyers can't get loans, or are awaiting bigger price drops

(Newser) - Prices on existing homes fell in March, but buyers stayed away, either unable to get loans, or betting on yet bigger drops, Bloomberg reports. Sales dropped 2%, to an annual rate of 4.93 million, as the median price fell to $200,700 from $217,400 last year. The number...

Existing Home Contracts Down in February

Economy

Apr 8, 2008 1:00 PM CDT

Existing Home Contracts Down in February

Still no sign of bottom in housing values

(Newser) - Contracts to buy previously owned homes declined 1.9% in February, according to the National Association of Realtors’ index, which fell to its lowest levels since its creation in 2001. The drop was nearly double the 1% decline analysts predicted, reports Bloomberg, and sent stocks tumbling further.

Surprise! Existing
Home Sales Jump

Mar 24, 2008 10:45 AM CDT

Surprise! Existing Home Sales Jump

February's 2.9% rise surprises analysts; median price tumbles unprecedented 8.2%

(Newser) - Existing home sales stunned Wall Street today with an unexpected spike, Bloomberg reports. The metric rose 2.9% in February to an annual pace of 5.03 million. Analysts had predicted yet another decline, to a 4.85 million pace. But one economist said this was only a “temporary...

Home Sales, Prices Sink Again

Feb 25, 2008 10:05 AM CST

Home Sales, Prices Sink Again

Would-be buyers get comfy, waiting for better deals

(Newser) - Existing-home sales and home prices continued to fall in January, indicating that would-be buyers are waiting for the market to bottom out, the Wall Street Journal reports. "Inventories are high, so it's not surprising prices are declining," said one economist, who described home sales as "soft but...

10 Lies Homeowners Tell Buyers

Feb 8, 2008 6:41 PM CST

10 Lies Homeowners Tell Buyers

Few are above making a fib or two part of the sales pitch

(Newser) - When a homeowner is desperate to sell and a buyer is ready to fork over the cash, the truth about a house is often swept under the rug, MSNBC reports. Watch out for frequent fibs when talking about:

Personality of neighbors and the neighborhood.
Status of home repairs (particularly the

...

Dec. Home Sales Kept Dropping

Jan 24, 2008 10:14 AM CST

Dec. Home Sales Kept Dropping

Existing US sales resume tumble; median prices also fall

(Newser) - Existing home sales began to fall again in December after briefly bumping upwards in October and November. Home resales were at a 4.89 million annual rate; that's down 2.2% from November and down 13% from last year. "Home sales remain weak despite improved affordability conditions in many...