July existing home sales lowest since January 2004
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The pace of existing home sales in  the United States fell a sharper-than-expected 4.1 percent in  July to their lowest level since January 2004 as the downturn  in the U.S. housing sector accelerated, the National  Association of Realtors said on Wednesday.
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Sales of new homes dropped in July by the largest amount since February while the inventory of unsold homes climbed to a record high.
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Sales of existing homes stayed weak in July, according to a trade group report that showed an increase in the glut of homes for sale by homeowners.
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US existing home sales tumbled 2.9 percent in July but cheap mortgages kept the market running at the third-fastest pace on record, an industry survey showed.
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Business & money: Numbers of buyers unable to purchase first home slump to the lowest level since 1980
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Sales of existing homes edged down 0.1 percent in October, but low mortgage rates continued to contribute toward what might become a record year in home sales, a trade association report showed on Tuesday.
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The pace of existing home sales in the United States fell by 2.2 percent in December to a slower-than-expected 4.89 million-unit annual rate, the National Association of Realtors said in a report on Thursday.
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Homebuilder sentiment slid in July to  its lowest since January 1991 as fallout from the housing slump  and subprime mortgage crisis caused a glut of new homes, the  National Association of Home Builders said on Tuesday.
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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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Pending sales of existing homes plunged by a record 12.2 percent in July, and private employers hired the fewest workers in more than four years in August, according to reports released on Wednesday that point to a weakening economy.
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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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Sales of new homes fell more than expected in July, to their lowest pace since December, as higher mortgage rates cooled the housing market.
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Southern California home sales fell to a 20-year low in January, as buyers and sellers appeared to be waiting for market turbulence to pass, according to a report issued on Wednesday.
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Pending sales of existing U.S. homes hit the lowest level in more than five years in May and factory orders dipped modestly, according to data on Tuesday that suggested the economy was struggling.
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Home sales in Southern California sank to their lowest in nearly two decades in December as buyers were sidelined or dropped out of the market because they could not obtain mortgages, according to a report released on Tuesday.
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Depressed by turmoil in credit markets, existing home sales fell 4.3 percent, pushing activity to the lowest point in five years, the National Association of Realtors said.
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WASHINGTON - Sales of existing homes edged down a less-than-expected 0.1 percent in October as low mortgage rates continued to support a record year, a trade association report showed Tuesday.