Oct 14th 2011 10:50AM
National home sales and median price listings in September went up from a year ago with the home inventory down about 20 percent, according to multiple reports Thursday. These positive signals were offset by a continued slight downward trend in home sales prices, down 3.3 percent from a year ago according to RE/MAX. But... 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 »
Aug 16th 2011 5:15PM
WASHINGTON - Builders broke ground on fewer single-family houses in July, leaving home construction at depressed levels. The Commerce Department said Tuesday that builders began work on a seasonally adjusted 604,000 homes last month, a 1.5 percent decrease from June. That's half the 1.2 million homes per year that... Continue Reading »
May 23rd 2011 1:05PM
The ailing housing market remains hampered by the backlog of distressed properties, which is growing larger as banks repossess more homes than they sell. Banks now hold more than 872,000 homes, nearly twice as many as in 2007, The New York Times reports, citing data from RealtyTrac. In regions like Atlanta and... Continue Reading »
Nov 22nd 2010 2:32PM
For the first time in nine months, several U.S. housing markets saw a drop in home listings -– but what does that mean for hard-luck homesellers? The number of homes listed for sale in 26 major metropolitan areas dropped an average 3.3 percent in October, the first month-over-month drop since January, according to... Continue Reading »
