Home Sales Hit Slowest Pace in 4 Years
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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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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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The latest data indicates that slowing home sales and the rising number of properties for sale is forcing more sellers to reduce prices in many locations across the country.
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Business & money: December sales fall 0.4% despite discounting, as housing demand also points to deepening slump
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Sales of previously owned homes fell  8.0 percent in September to a record low 5.04 million unit pace  amid troubles in the subprime mortgage and credit markets, the  National Association of Realtors said on Wednesday.
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New single-family U.S. home sales fell 4.7 percent in December to the lowest rate in nearly 13 years while the median sales price dropped sharply according to a government report on Monday that delivered more grim news for the housing sector.
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UK mortgage lending grew at the slowest rate since January 2002, the British Bankers&#39; Association said, as higher interest rates and falling house prices deterred potential buyers.
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Service industries in the United States grew last month at the slowest pace in almost four years, suggesting the economic slowdown may be spreading beyond housing and manufacturing.
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Although existing homes are selling at their slowest pace in four years, most Americans are confident their homes are worth more now than they were a year ago, according to a survey released on Thursday.
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U.S. manufacturing growth eased in  September to its slowest in more than a year, but home sales  and construction figures suggested a less abrupt decline in the  housing sector than many experts had foreseen.
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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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US home sales and price declines in 2007 are going to be steeper than earlier forecast, contributing to slower economic growth, the National Association of Realtors said.
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The pace of existing home sales in  the United States fell in June to a lower-than-expected 5.75  million unit annual rate while prices and inventories showed  signs of stabilizing, the National Association of Realtors said  in a report Wednesday.
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Pending sales of existing U.S. homes in May unexpectedly fell to their lowest level in more than 5-1/2 years, data from a real estate trade group showed on Tuesday in a sign of continued weakness in the housing sector.
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US house prices grew at the slowest rate in thirty years in the second quarter, according to a closely-watched report from the Office of Federal Housing Enterprise Oversight , providing further evidence of a cooling US housing market.
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WASHINGTON -- The economy limped ahead at just a 0.7 percent pace in the first quarter, the slowest in more than four years, as some businesses clamped down on spending given uncertainties about the severity of the housing slump.
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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.