Pending home sales slip
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Pending sales of existing U.S. homes  slipped in November but were much stronger than previously  thought in October, according to a report on Tuesday that  offered mixed news on the battered U.S. housing sector.
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Analysts say 12 percent decline points to a slowing in demand because of higher interest rates. By Courtney Schlisserman. US sales of new homes fell 12 percent in November, the sharpest decline in more than
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The pace of existing U.S. home sales edged up in November from a record low, according to a report on Monday that offered some tentative signs of stabilization in the still-ailing housing market.
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The pace of existing home sales in the United States was off slightly in May to a 5.99 million-unit annual rate, the National Association of Realtors said in a report on Monday that showed continued weakness in the housing sector.
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Slowing real estate sales coupled with the subprime mortgage mess are two of the reasons some people say a recession is nigh.
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Sales of new homes, after falling for three months, rose in August. But the gain was expected to be temporary as the battered housing industry struggles with a near-record level of unsold homes.
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There's an anxious face-off between sellers and buyers of homes as expectations of big profits fade
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Sales of existing homes edged down 0.1 percent in October, but low mortgage rates continued to contribute toward what might become a record year in home sales, a trade association report showed on Tuesday.
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New home sales posted an unexpected increase in September. Analysts, however, viewed the small gain as highly questionable given the severe credit crunch that rocked the housing industry this summer. They predicted further sales declines before the worst housing slump in more than two decades comes to an end.
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Stock futures slipped on Tuesday, as  investors were cautious ahead of key U.S. housing data that may  shed light on the troubled housing market.
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Pending sales of existing U.S. homes  in May unexpectedly fell to their lowest level in more than  5-1/2 years, data from a real estate trade group showed on  Tuesday in a sign of continued weakness in the housing sector.
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WASHINGTON -- Sales of existing homes posted a tiny increase in October, the first gain in eight months, but the median price of homes sold last month fell by a record amount.
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With prices falling, home sellers might have to accept lower prices than they had hoped for, while buyers might find it tougher to qualify for a mortgage.
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New signs of weakness in the housing market prompted investors to look past a rebound in major retailersâ sales figures.
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A trade group reports sales of existing homes dipped 2.9 percent in July. But the National Association of Realtors says it was still the third-highest level on record.
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The pace of existing home sales in the United States fell in April to a 5.99 million-unit annual rate while inventories swelled, the National Association of Realtors said in a report on Friday that showed more weakness than analysts had expected.
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More good news for home buyers today. Sales of existing homes fell in 38 states over the summer, with steep declines in the once sizzling states of Florida, California, Nevada and Arizona as the national housing market showed yet more signs of cooling off.