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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Investor's Business Daily - July&#39;s increase was higher than expected and follows a 0.4% June gain, the Commerce Dept. said. Sales rose 1.1% in the month, more than reversing a 0.3% decline in June. The inventory-to-sales ratio, a gauge of how long existing stocks will last at the current sales pace, fell slightly to 1.26 months from 1.27 months. Retail inventories rose 1%. Motor vehicles and parts climbed 2.9%. Both increases were the largest since May &#39;06.
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Sales of new US homes unexpectedly recovered in August, rising 4.1% from July, official figures show.
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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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Home sales slowed in the Untied States in July, but experts say they still moved at a healthy pace. Tuesday&#39;s report from a business group (the National Association of Realtors) says sales of previously-owned homes dropped 2.9 percent in July.
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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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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
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More good news for home buyers today. Sales of existing homes fell in 38 states over the summer, with steep declines in the once sizzling states of Florida, California, Nevada and Arizona as the national housing market showed yet more signs of cooling off.
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A trade group reports sales of existing homes dipped 2.9 percent in July. But the National Association of Realtors says it was still the third-highest level on record.
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Pending sales of existing U.S. homes  fell 1.7 percent in October but held above the low hit in July,  suggesting the housing market is stabilizing, a real estate  trade association said on Monday.
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WASHINGTON -- Pending sales of existing homes fell in July to the lowest level in nearly six years as the mortgage market's troubles made it tough for many borrowers to finalize home purchases.
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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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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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Sales of new homes unexpectedly rose  2.8 percent to an 870,000 annual sales pace in July, reversing  two months of declines, and inventories eased, a Commerce  Department report showed on Friday.
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The pace of sales of pre-owned 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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US new home sales in July fell 6.4 percent to a 1.134 million annual rate, the year&#39;s slowest pace and a sign housing may provide less fuel for the economy in coming months.
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Sales of new homes unexpectedly rose 2.8 percent to an 870,000 annual sales pace in July, reversing two months of declines, and inventories eased, a Commerce Department report showed on Friday.