Posts with tag ExistingHomeSales

"Depressing" doesn't quite capture the spirit of this month's existing-home sales report. According to the National Association of Realtors' latest figures, home resales sank 27.2 percent to a seasonally adjusted annual rate of 3.83 million units in July, down from June's downwardly revised 5.26 million units. Bleaker... Continue Reading »

Pundits and investors jumped on better-than-expected housing data to inject some rare exuberance into the market. As existing home sales for November rose to their highest level since February 2007, industry watchers predicted a buying spree in 2010, and offered hopes of a stabilizing housing market. Stocks rallied on... Continue Reading »