Southern California home sales fall to 20-year low
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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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The number of first-time buyers in Scotland falls to a 20-year low this year, according to new figures.
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Pending sales of previously owned homes fell a steeper-than-expected 1.5 percent in December, pointing to more dreary conditions for the beleaguered housing market, a real estate trade group report on Thursday showed.
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Housing construction fell in November and single-family activity dropped to the lowest level in more than 16 years as a severe housing slump showed no signs of a turnaround.
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Contracts agreed for future US home sales hit a six-year low in July, showing continued weakness in the market.
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Construction of single-family homes dropped to the lowest level in more than 16 years as a severe housing slump showed no signs of a turnaround.
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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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Dry southern California produced parched sales this winter.
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WASHINGTON -- Reflecting further housing troubles, sales of existing homes fell in May to the lowest level in four years while the median home price dropped for a record 10th consecutive month.
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Housing construction fell in November, with single-family activity dropping to the lowest level in more than 16 years. Analysts said the recession in housing showed no signs of a turnaround.
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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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New single-family U.S. home sales fell 4.7 percent in December to the lowest rate in nearly 13 years while the median sales price dropped sharply according to a government report on Monday that delivered more grim news for the housing sector.
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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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Wildfires in Southern California  are exacerbating a difficult retail environment in a state  already hit by declining home sales and mortgage woes that have  cut into consumer spending.
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The number of existing homes sold also fell, suggesting that the sharp decline in home sales seen earlier this year has for now leveled off.
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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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House prices suffered their worst decline since at least 1987 in the second quarter from a year earlier as the housing downturn has deepened, according to the S&P/Case-Shiller U.S. National Home Price Index.