Existing Home Sales Rise, Prices Fall
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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 new homes, after falling for three months, rose in August. But the gain was expected to be temporary as the battered housing industry struggles with a near-record level of unsold homes.
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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.
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U.S. stocks pared losses and the Standard & Poor's 500 index  briefly turned positive on Tuesday after a report showed the pace of existing home sales unexpectedly rose in October.
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Sales of new U.S. homes unexpectedly   rose in August to a seasonally adjusted 1.050 million   annualized rate after a sharp downward revision in July's   tally, while the inventory of homes for sale eased slightly, a   government report showed on Wednesday.
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WASHINGTON -- Pending sales of existing homes dropped for the third straight month in May, a real estate trade group said Tuesday, demonstrating the persistence of the housing slump.
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Sales of previously owned homes nudged up in November, but that didn't improve the broader picture of a feeble housing market racked by record-high foreclosures and harder-to-get credit.
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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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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 million pace in October
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Sales of previously owned homes nudged up in November, but that was not enough to improve the broader picture of a market racked by record-high foreclosures.
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Sales of previously owned homes inched up in November but that didn't change the overall bleak picture for an ailing housing industry that has been suffering through a painful slump.
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Falling prices have created a new twist in the suburban Boston real estate market: More homes are selling for less than their assessed values.
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Pending home sales fall, but also prove opportunity for long-term investors.
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Sales of new U.S. homes dipped in  October and inventories rose, but builders boosted prices by  over $30,000 per unit after a sharp decline in home prices a  month earlier, a government report showed Wednesday.
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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 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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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.