Posts with tag existing homes sales

The housing market continued to flounder in May, as existing home sales fell to a six-month low. Existing home sales dropped 3.8 percent to a rate of 4.81 million in May, down from 5.0 million in April, according to the National Association of Realtors. It marked the second straight month in which home sales... Continue Reading »

If you thought the existing-home sales figures for July were depressing, better pop a Zoloft or two before glancing at the new-homes sales numbers for the same month. Sales of new homes fell to a 37-year low in July, a 12.4 percent drop from June. The Commerce Department reported that a seasonally adjusted 276,000 new... Continue Reading »