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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U.S. stocks fell on Monday after data showed the number of unsold homes reached its highest level in more than 15 years in July, adding to concerns about the housing market and consumer spending.
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Sales of previously owned U.S. homes fell more than expected in December, ending a year that brought the sharpest housing slowdown since 1982 and the first annual drop in prices since the Great Depression.
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Sales of new single-family U.S.  homes fell 8.3 percent in August to a 795,000 annual sales  pace, its slowest rate in over seven years, while the inventory  of homes dropped, a Commerce Department report showed on  Thursday.
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The pace of existing home sales in the United States fell in April to a 5.99 million-unit annual rate while inventories swelled, the National Association of Realtors said in a report on Friday that showed more weakness than analysts had expected.
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Concern about interest rate hikes, the drop in new home construction, and tighter business inventories contributed to the decline.
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Sales of pre-owned U.S homes fell slightly in July but the inventory of unsold single-family properties soared to the highest in over 15 years as troubles in the subprime mortgage market continued to wreak havoc on the housing sector.
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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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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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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 existing U.S. homes fell  more than expected in July, as the housing market took a  breather from its record-toppling run, a trade association  report showed on Tuesday.
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Sales of new single-family U.S. homes fell 8.3 percent in August to a 795,000 annual sales pace, its slowest rate in over seven years, while the inventory of homes dropped, a Commerce Department report showed on Thursday.
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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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Pending sales of existing US homes fell in May to the lowest level in almost six years, new figures show.
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The number of U.S homeowners that thought their homes increased in value has dropped sharply over the last two and a half years, according to a Reuters/University of Michigan survey published on Friday.
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Sales of new U.S. homes tumbled to a  smaller-than-expected seasonally adjusted 1.072 million  annualized rate in July and a key inventory measure jumped to a  ten-year high, pointing to a rapidly cooling housing market, a  government report showed on Thursday.
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Business & money: Packs blamed for drop in number of four-bedroom homes on market.