Sep 21st 2011 10:23AM
WASHINGTON -- The number of Americans who bought previously occupied homes rose in August. But sales were driven by an increase in foreclosures, evidence that the housing market remains weak. The National Association of Realtors says home sales rose 7.7 percent last month to a seasonally adjusted annual rate of 5.03... Continue Reading »
Sep 21st 2011 8:45AM
The news that 2011 may go down as the worst year in the past 50 for construction of new homes brought out many a weeping violin. Sorry, the strings on mine must have popped. Yes, I understand that construction jobs -- the ones that are created when builders build new homes -- are a good thing for the economy. But the... Continue Reading »
Aug 18th 2011 11:15AM
WASHINGTON - The number of people who bought previously occupied homes dropped in July. The third decline in four months suggests the depressed housing market won't help the U.S. economy recover this year. Home sales fell 3.5 percent last month to a seasonally adjusted annual rate of 4.67 million homes, the National... Continue Reading »
Jul 28th 2011 11:05AM
WASHINGTON -- The number of people who signed contracts to buy homes rose for a second month in June. But the gain was not enough to signal a rebound in the weak housing market. The National Association of Realtors reported Wednesday that its index of sales agreements for previously occupied homes rose 2.4 percent in June... Continue Reading »
Jul 20th 2011 11:00AM
WASHINGTON -- Fewer people bought previously occupied homes in June, putting this year on pace to be the worst for sales since the housing bust. Home sales fell 0.8 percent last month to a seasonally adjusted annual rate of 4.77 million homes, the National Association of Realtors said Wednesday. That's far below the 6... Continue Reading »
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