Existing home sales down slightly in May
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Sales of existing U.S. homes slipped in May to the lowest level in four years and the number of unsold homes on the market rose sharply, suggesting a housing recovery was still a long ways off.
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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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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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U.S. home sales will be a good deal   weaker this year than earlier forecast and prices are likely to   fall below year-ago levels temporarily as buyers stay on the   sidelines, a realtors group said on Thursday.
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The number of mortgage loans approved but not yet made rose slightly in May, the Bank of England (BoE) says.
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Stocks fell moderately in early trading following news that sales of existing homes fell in July for a fifth straight month and that inventories of unsold homes spiked.
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WASHINGTON -- Pending sales of existing homes dropped for the third straight month in May, a real estate trade group said Tuesday, demonstrating the persistence of the housing slump.
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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 houses at an annual rate from 6.92 million in June.
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Factory orders fell less than predicted in May, reinforcing forecasts that manufacturing will help overcome the housing slump.
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The number of new US homes built in May fell by more than analysts forecast, official data shows.
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Sales of existing homes fell for a fourth straight month in June and even a small increase in home prices was not enough to lift the gloom surrounding the housing industry.
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WASHINGTON -- Construction of new homes fell in May as the nation's homebuilders continued to struggle with a steep housing slump that has been exacerbated by rising problems with mortgage defaults.
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Maybe next spring. With the key selling season for the real estate market nearing an end, the hoped-for rebound in Massachusetts home sales hasn't materialized. Sales of single-family homes fell by as much as 9 percent in May from a year ago, accelerating from modest declines in April, according to data released yesterday.
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Construction of new homes fell in May as the nation's homebuilders continued to struggle with a steep housing slump that has been exacerbated by rising problems with mortgage defaults.
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May sales of new houses in the US disappoint after reaching record highs in April, as the housing slump continues.
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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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Sales of new U.S. homes fell 1.6 percent in May to a lower-than-expected level while prices climbed from April, according to a government report on Tuesday that continued to point to weakness in the housing sector.