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Housing market continues upward trend despite dip in home sales
US pending home sales dipped in December as inventory remained tight, but the upward trend in the housing market continued, the National Association of Realtors said Monday. The NAR’s pending home sales index, an indicator of future sales, fell 4.3 percent to 101.7 in December, down from a 106.3 reading…
U.S. existing home sales jump as supply tightens
US existing home sales picked up in October despite the market in the northeast being shut down in the last days of the month by Hurricane Sandy, a realtors group said Monday. Existing home sales rose 2.1 percent over September, hitting an annual pace of 4.79 million units, pulled up…
U.S. new home sales rebound in April
US new-home sales rebounded in April after falling the prior month, official data showed Wednesday in mounting early signs of recovery in the collapsed housing market. The Commerce Department reported new-home sales at a seasonally adjusted annual rate of 343,000, an increase of 3.3 percent from the upwardly revised March…
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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