Home Sales Hit Slowest Pace in 5 Years
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WASHINGTON -- Sales of existing homes dropped for a fifth straight month in July, falling to the slowest pace in nearly five years, while home prices fell for a record 12th consecutive month.
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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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The pace of existing home sales fell sharply in August to a 5.5 million-unit annual rate while single-family home inventories grew to their highest level in 18 years, the National Association of Realtors said in a report on Tuesday.
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Sales of previously owned U.S. homes fell more than expected in December, ending a year that brought the sharpest housing slowdown since 1982 and the first annual drop in prices since the Great Depression.
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Sales of new single-family U.S.  homes fell 8.3 percent in August to a 795,000 annual sales  pace, its slowest rate in over seven years, while the inventory  of homes dropped, a Commerce Department report showed on  Thursday.
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The pace of sales of existing homes  in the United States fell 1.3 percent in June to their slowest  pace since January, the National Association of Realtors said  on Tuesday.
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Sales hit their lowest rate in over seven years, as tighter credit and rising inventories hurt the housing industry.
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New single-family home sales fell  4.7 percent in December to its lowest rate in nearly 13 years  while the median sales price dropped sharply and the inventory  of unsold homes climbed, according to a government report on  Monday that delivered more grim news for the battered housing  sector.
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Average U.S. home prices rose 0.5 percent in the first quarter from the prior quarter and 4.3 percent from a year earlier, but price appreciation was the slowest in a decade, a federal regulatory agency reported on Thursday.
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Sales of new U.S. homes fell in November to the lowest rate since 1995, but business activity perked up this month, according to reports on Friday that showed pockets of strength in the economy despite a housing sector meltdown.
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Home loan approvals in October fell to their lowest levels in nearly five years, according to figures released this morning by the Bank of England, confirming that the housing
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WASHINGTON -- Sales of new homes fell in May for the fourth time in the past five months, providing further evidence of a continued slump in housing.
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Sales of new homes fell more than expected in July, to their lowest pace since December, as higher mortgage rates cooled the housing market.
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Depressed by turmoil in credit markets, existing home sales fell 4.3 percent, pushing activity to the lowest point in five years, the National Association of Realtors said.
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Sales of new single-family U.S. homes fell 8.3 percent in August to a 795,000 annual sales pace, its slowest rate in over seven years, while the inventory of homes dropped, a Commerce Department report showed on Thursday.
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Sales of new homes dropped to the slowest pace in over seven years, foreshadowing further economic trouble ahead.
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U.S. new home sales fell more than expected in July to the their lowest pace since December, as higher mortgage rates cooled the housing market, a government report showed on Wednesday.