Home re-sales fall as inventories soar
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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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Pending home sales fall, but also prove opportunity for long-term investors.
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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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A drop in the pace of home sales was not enough to keep housing from getting even more expensive across Massachusetts last month.
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KB Home announces large loss, and an industry trade group releases data that show falling home sales.
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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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WASHINGTON - Sales of existing homes plunged a record amount in September while median home prices dropped by the largest amount in nearly a year, reflecting deepening problems in the troubled housing market.
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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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WASHINGTON -- Sales of existing homes fell more than expected in April while prices slid for a record ninth consecutive month, indicating further troubles ahead for the housing market.
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Business & money: Packs blamed for drop in number of four-bedroom homes on market.
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WASHINGTON -- Sales of previously owned homes in the United States fell in May to the lowest level in almost four years, reinforcing concerns about a protracted housing slump.
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New-home construction fell again in December as builders scrambled to cut back in the face of rising inventories and fewer orders.
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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
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As sales of home improvement items fall and consumer confidence weakens, retailers are starting to feel the effects of the housing slump.
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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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Sales of non-new houses in the US fell last month but still exceeded analyst forecasts.
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Sales of new US homes plunged in July for the second straight month, data showed, a sign of chillier demand cooling the once red-hot market.