Existing home sales off in 40 states, slide nationwide
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Weakness in the U.S. housing market showed no signs of abating through the end of 2006 as sales slid in 40 states and prices dropped in metro regions with major price gains in recent years, a real estate trade association said on Thursday.
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WASHINGTON - Sales of existing homes edged down a less-than-expected 0.1 percent in October as low mortgage rates continued to support a record year, a trade association report showed Tuesday.
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The number of homes listed for sale in 18 major U.S. metropolitan areas at the end of November was down 4 percent from a month earlier, the Wall Street Journal reported on its Web site on Tuesday.
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Sales of new U.S. homes tumbled to a  smaller-than-expected seasonally adjusted 1.072 million  annualized rate in July and a key inventory measure jumped to a  ten-year high, pointing to a rapidly cooling housing market, a  government report showed on Thursday.
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No matter what the statistics say, home values across much of Florida, California and the Northeast are falling.
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The National Association of Realtors reports sales of previously owned US homes fell 2.9 percent in July. The Realtors said resales in July fell to 6.72 million single-family houses at an annual rate from 6.92 million in June.
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Existing US home sales fell in June, figures show, as the slowdown in the housing market continues.
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The pace of existing home sales in   the United States fell for a fifth straight month in August and   prices dropped from year-ago levels for the first time in 11   years, a U.S. realtors group said on Monday.
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Sales of existing homes fell more than expected in April while prices slid for a record ninth consecutive month, indicating further troubles ahead for the housing market.
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Sales of new homes plunged in August and prices posted their biggest year-on-year drop in nearly 37 years, the Commerce Department reported on Thursday, underlining the depth of problems facing the U.S. housing sector.
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Prices of homes in 20 major U.S. metropolitan areas fell 4.4 percent for the 12 months through August.
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Next year will likely bring a second annual decline in existing home sales, the National Association of Realtors predicted on Monday.
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Sales of previously owned homes in Louisville bucked the national trend in September, falling 4 percent from the month before while sales nationwide rose to the third highest level on record.
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Sales of new U.S. homes again defied  predictions of a slowdown in May and rose 4.6 percent, but  median sales prices fell and the U.S. Northeast experienced its  slowest sales tempo in nearly two years, according to a  government report on Monday.
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Pending home sales fall, but also prove opportunity for long-term investors.
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Sales of existing homes in the  United States fell by 3.3 percent in December from a record  high in November, a trade association report showed on Tuesday.
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WASHINGTON -- Sales of existing homes plunged by a record amount in September as turmoil in mortgage markets added more problems to a housing industry in its worst slump in 16 years.