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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Housing prices, slumping after a five-year boom, are projected to decline in half of the nation's metropolitan areas, with the Northeast, Florida and California among the areas hardest hit.
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WASHINGTON -- Sales of existing homes, depressed by turmoil in credit markets, fell for a sixth straight month in August, pushing activity to the lowest point in five years.
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WASHINGTON -- Pending sales of existing homes fell in July to the lowest level in nearly six years as the mortgage market's troubles made it tough for many borrowers to finalize home purchases.
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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.
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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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Sales of existing homes are expected to decline 8.6 percent, to 6.47 million, for 2006, and shrink another 1 percent, to 6.40 million units, next year.
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Sales of new U.S. homes fell more  than expected in June to a seasonally adjusted annual 1.131  million rate and the median home price fell for the second  month in a row the government reported on Thursday, as the U.S.  housing market showed more signs of cooling.
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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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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 number of existing homes sold in the US dropped by 2.6% in April, compounding gloom in the domestic property market.
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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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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.
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US existing home sales tumbled 2.9 percent in July but cheap mortgages kept the market running at the third-fastest pace on record, an industry survey showed.
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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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The pace of existing home sales in the United States fell by 2.2 percent in December to a slower-than-expected 4.89 million-unit annual rate, the National Association of Realtors said in a report on Thursday.