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Home sales dive, prices near 9-year low

WASHINGTON (Reuters) – Sales of previously owned U.S. homes plunged in February and prices hit their lowest level in nearly nine years, implying a housing market recovery was still a long way off. The National Association of Realtors said on Monday sales fell 9.6 percent month over month to an…

US existing-home sales rise above year-ago pace

WASHINGTON – Sales of previously owned homes in the United States rose for the third straight month in January at a pace topping year-ago levels, a key trade group reported Wednesday. The National Association of Realtors said existing-home sales rose 2.7 percent to a seasonally adjusted annual rate of 5.36…

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