U.S. existing home sales fell 2.2 pct in December
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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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For the year, sales of single-family homes were down by 13 percent, the biggest drop since a 17.7 percent plunge in 1982. The median price for a single-family home dropped to $217,000.
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Sales of existing US homes fell 8% in September, the biggest decline in 16 years, a report shows.
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U.S. retail sales fell unexpectedly in December to close out the weakest year at the cash register since 2002, data showed on Tuesday, the strongest signal yet that the economy may be sliding into recession under the weight of a housing and credit crisis.
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Retail sales unexpectedly fall in December as consumers rein in their Christmas spending.
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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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Sales at U.S. retailers fell 0.4 percent in December and were less vigorous in November than previously thought, according to a government report on Tuesday that implied costlier energy and slumping housing prices were taking a toll on consumers.
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Prices of homes sold in December registered the biggest year-over-year decline on record, according to an industry trade group, and 2007 is the first year on record that has seen a drop. A report issued Thursday showed the problems in the housing market have not yet bottomed out.
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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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Resales of U.S. homes fell 2.7  percent in August, decreasing more than expected as mortgage  interest rates picked up in the early summer, a trade  association report showed on Friday.
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New-home sales fell more than expected in November, tumbling 9 percent from October to a seasonally adjusted annual rate of 647,000.
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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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UK property prices fell for a second month in a row in December, the Nationwide building society says.
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U.S. new home sales fell more than  expected in July to the their lowest pace since December, as  higher mortgage rates cooled the housing market, a government  report showed on Wednesday.
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Retail sales fell in December compared to a month earlier as Britain had its most disappointing Christmas shopping season in two decades, the government reported Friday.
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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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Sales of new single-family U.S. homes fell much more than expected to an annual rate of 647,000 in November, the slowest pace in more than 12 years, according to a government report on Friday.