Declining home prices boost sales
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Sliding home prices are bringing out buyers in Greater Boston, increasing sales, reducing inventories, and even reviving bidding wars in some communities.
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Even as foreclosures keep rising and overall sales continue to plummet, more expensive homes have staged a bit of a comeback in recent months.
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By Staff and Wire Reports  GREENSBORO -- Triad home sales got a slight boost last month, as statewide sales of existing homes continued to fall.  April home sales in the Triad were up 2 percent from March and also up 2 percent compared with a year before, the N.C.
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WASHINGTON - 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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Sales of existing U.S. homes surged  by an unanticipated 3.1 percent in September as low mortgage  rates fueled home buying, a trade association said on Monday.
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US retail chains reported May sales gains as warmer weather helped them rebound from a dismal April, but results were weaker than a year ago, signaling to some that rising gas prices and a slowing housing market are taking their toll.
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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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Sales of previously owned US homes fell to the lowest in almost five years in July, and unsold properties climbed to the highest since 1991 as turmoil in the mortgage markets rippled through the housing industry.
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Business & money: Surge in smaller properties adds to reduction in average prices
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Sales of single-family homes and condominiums in Massachusetts posted sharp gains last month as consumers took advantage of low mortgage rates that are expected to rise in coming months.
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Holiday sales are expected to rise,  though at a slower rate than last year as consumers fret about  the declining housing market, according to a National Retail  Federation economic forecast on Tuesday.
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Sales of new homes rose by 9.4 percent in August, the Commerce Department said Monday, as mortgage interest rates remained at low enough levels to continue enticing buyers worried about future rate hikes.
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House hunters shied away from buying in July, driving down sales of previously owned homes to a 2 1/2-year low. The inventory of unsold homes climbed to a record high.
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WASHINGTON -- Reflecting further housing troubles, sales of existing homes fell in May to the lowest level in four years while the median home price dropped for a record 10th consecutive month.
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The pace of existing 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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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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Sales of previously owned homes declined last month as the supply of unsold properties on the market ballooned and prices declined compared with those a year earlier.