Existing home sales off 4.1 pct. in July
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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 : US existing home sales tumbled 2.9 percent in July but the pace was still the third-fastest on record, boosted by cheap mortgages, an industry survey showed.
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Washington, DC, Aug. 17 (UPI) -- The US Commerce Department said Tuesday a dip in mortgage rates helped boost home-building activity in July 8.3 percent after falling 7.7 percent in June.
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WASHINGTON -- Sales of existing homes dropped for a fifth straight month in July, falling to the slowest pace in nearly five years, while home prices fell for a record 12th consecutive month.
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WASHINGTON -- Sales of existing homes fell by a larger-than-expected amount in April while the median price of a home sold during the month fell for a ninth straight month as the troubles in the subprime mortgage market acted as a further drag on housing.
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House price inflation accelerated in July to 14.3 percent year-on-year, from 13.9 percent in June, official data shows, showing the property market still had plenty of momentum this summer.
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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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U.S. new home sales jumped a  surprising 9.4 percent in August, the fastest acceleration of  sales in almost four years, as a fresh dip in mortgage interest  rates attracted buyers, a government report showed on Monday.
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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.
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Business & money: Signs that four increases since August are starting to bite as housing market cools.
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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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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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WASHINGTON -- Sales of existing homes fell for the fifth consecutive month in August as the once-booming housing market slowed further.
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WASHINGTON -- Factory orders in July for costly manufactured goods recorded the biggest gain in four months. New home sales, meanwhile, slid, according to a pair of reports that offered a mixed picture of economic activity.
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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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The Labor Department reports on consumer prices for July at 8:30 a.m. EDT this morning. Economists are looking for an increase of 0.1 percent, following a 0.3 percent hike in June.