Existing Home Sales Hit Record, Prices Surge
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Sales of existing U.S. homes rose  unexpectedly to a record high in November and prices surged as  low mortgage rates fueled home-buying, a trade association  report showed on Wednesday.
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The Dow industrials climbed on   Wednesday to within striking distance of a record high, as an   unexpected rise in August new home sales renewed optimism about   consumer spending and the outlook for corporate profits.
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For the first time since March, sales of new homes rose in August.
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New-home sales surged unexpectedly in September, climbing 3.5%, as low mortgage rates attracted buyers, a government report showed Wednesday.
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State and national housing sales hit record highs in 2004, boosted by mortgage rates near historic lows, according to preliminary figures released yesterday, but with rates expected to drift upward, few in the real estate industry expect that pace to be matched in 2005.
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A surge in new home sales on the West Coast helped offset a steep drop in the Northeast last month as sales nationwide unexpectedly rose.
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Sales of existing U.S. homes surged  unexpectedly by 3.1 percent in September as low mortgage rates  fueled home buying, a trade association report showed on  Monday.
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Mortgage foreclosures in the United States jumped to a record in the first half as rising interest rates and falling home prices battered homeowners.
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U.S. existing home sales posted their largest gain in two years last month, a sign the housing market may be climbing out of a slump, but orders for big-ticket factory goods fell as businesses showed wariness about the economy's health.
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The pace of existing home sales rose modestly in October hitting a 6.24 million-unit annual rate, according to a report form the National Association of Realtors on Tuesday that marked an unexpected rise from economists' expectations.
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NEW YORK, December 30  - The National Association of Realtors reported yesterday that the sales of existing homes in the US had risen to an all-time monthly high in November, surpassing expectations.
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Sales of new homes rose 16.2 percent in April, the sharpest climb in fourteen years, while prices fell a record 11 percent, according to a government report on Thursday that showed home builders taking extraordinary steps to move houses.
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Housing data showed that sales surged in April by the largest jump in 14 years, dampening hopes of an interest rate cut to stimulate the economy.
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Interest rates on US 30- and 15-year mortgages rose for a second straight week this week, but the housing market remained healthy, with record sales expected for 2004, mortgage finance company Freddie Mac said on Wednesday.
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The pace of existing U.S. home sales  edged up in November to a 5 million-unit annual rate and the  median price fell from a year earlier, the National Association  of Realtors said on Monday.
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US sales of previously owned homes rose 2.7 percent to a record in November, making 2004 the best year ever for housing. Existing homes sold at a 6.94 million annual rate, up from a 6.76
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Sales of new homes rose to a record high in 2004, the fourth straight annual record. But activity in December barely budged after a big drop the previous month, suggesting the nation's red-hot housing market may finally be cooling.