Pending home sales fell 12.2 percent in July
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Pending sales of previously owned homes fell by a surprising 12.2 percent in July as credit tightened up amid troubles in the housing and subprime mortgage sectors, a real estate trade group said on Wednesday
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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.
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Sales of previously owned homes fell to a five-year low in July and the glut of unsold properties climbed to the highest since 1991 as the housing slump dragged on.
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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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Retail sales fell more than expected in July and for the first time in over a year as poor weather pushed down clothing sales sharply.
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Sales of new homes dropped in July by the largest amount since February while the inventory of unsold homes climbed to a record high.
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Pending sales of existing U.S. homes fell 1.7 percent in October but held above the low hit in July, suggesting the housing market is stabilizing, a real estate trade association said on Monday.
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The pace of sales of pre-owned U.S  homes fell slightly in July but the inventory of unsold  properties soared to the highest level in over 15 years as  troubles in the subprime mortgage market continued to wreak  havoc on the housing sector.
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Sales of new U.S. homes unexpectedly   rose in August but sales in July were weaker than first   thought, while new orders for durable goods fell, according to   government reports on Wednesday giving mixed indications about   the economy's direction.
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Pending sales of existing homes fell 2.6 percent in November from an October level that was revised sharply upwards and sales should hold steady over the next few months, a real estate trade group said Tuesday.
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Sales of new homes plunged last month to their lowest level in more than 12 years, a grim testament to the problems plaguing the housing sector.
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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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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 existing home sales fell  for a fifth straight month in August, hitting a 6.3 million  unit annual rate, according to a report from the National  Association of Realtors on Monday that was not as bleak as  economists had expected.
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Pending sales of existing U.S. homes  fell 1.7 percent in October but held above the low hit in July,  suggesting the housing market is stabilizing, a real estate  trade association said on Monday.
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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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Pending sales of existing homes plunged by a record 12.2 percent in July, and private employers hired the fewest workers in more than four years in August, according to reports released on Wednesday that point to a weakening economy.