November pending home sales fall 2.6 pct: NAR
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Pending sales of existing homes fell 2.6 percent in November from an October level that was revised sharply upwards and sales should hold steady over the next few months, a real estate trade group said Tuesday.
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Pending home sales dipped in November, a trade group for real estate agents said, but the association expects sales to pick up in the second half of 2008.
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The UK property market slowdown continued in November, according to the latest government figures.
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Sales of new U.S. homes fell more  than expected in June to a seasonally adjusted annual 1.131  million rate and the median home price fell for the second  month in a row the government reported on Thursday, as the U.S.  housing market showed more signs of cooling.
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Business & money: Figures show sharpest fall for almost two years as trouble in the US housing market starts to spread and weigh down on consumer spending.
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Sales of existing homes are expected to decline 8.6 percent, to 6.47 million, for 2006, and shrink another 1 percent, to 6.40 million units, next year.
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New-home sales in November dropped 9 percent from the previous month, and were down 34 percent from a year earlier, more dismal figures for an industry facing bloated inventory, declining prices and mortgage woes.
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Sales of new U.S. homes tumbled at  the sharpest rate in more than a decade in November, the  government said on Thursday, but a separate report showed   consumers' mood still buoyant as a close to 2004 neared.
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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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Pending sales of existing U.S. homes slipped in November but were much stronger than previously thought in October, according to a report on Tuesday that offered mixed news on the battered U.S. housing sector.
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Investor's Business Daily - The Pending Home Sales Index dropped 3.2% to 101.4 in April, the National Association of Realtors said. That&#39;s the lowest level since Feb. 2003 and another sign that housing demand has yet to hit bottom. The NAR blamed market disruptions caused by failing subprime mortgage lenders for the surprise decline.
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Weakness in the U.S. housing market showed no signs of abating through the end of 2006 as sales slid in 40 states and prices dropped in metro regions with major price gains in recent years, a real estate trade association said on Thursday.
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Sales of existing U.S. homes  unexpectedly rose by 2.7 percent in November as low mortgage  rates fueled a record pace of home-buying, a trade association  report showed on Wednesday.
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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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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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Pending sales of existing U.S. homes  slipped in November but were much stronger than previously  thought in October, according to a report on Tuesday that  offered mixed news on the battered U.S. housing sector.
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Housing starts fell 3.7 percent in November, with construction of single-family homes sliding to the lowest level in more than 16 years as builders scrambled to cope with a deep drop in sales.