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Contracts to buy homes hits 2-year high in July
WASHINGTON — Americans signed the most contracts to buy homes in July than at any other point in the last two years, further evidence of a housing recovery. The National Association of Realtors said Wednesday that its index of sales agreements for previously occupied homes jumped 2.4 percent in July to 101.7. That’s higher than […]
Rise in home sales reflects steady improvement
WASHINGTON — Americans bought more homes in July than in June, the latest evidence that the housing market is slowly, but steadily, improving. Sales of previously occupied homes rose to a seasonally adjusted annual rate of 4.47 million in July, a 2.3 percent increase from the previous month’s rate, the National Association of Realtors said […]
New-home sales fall to 350K, 5-month low
WASHINGTON — Americans bought fewer new homes in June after sales jumped to a two-year high in May. The steep decline suggests a weaker job market and slower growth could make the housing recovery uneven. The Commerce Department said Wednesday that sales of new homes fell 8.4 percent last month from May to a seasonally […]
Home sales drop 5.4 percent, fewest since October
WASHINGTON — Americans bought fewer homes in June than May, indicating the weak economy could make a modest housing recovery choppy. The National Association of Realtors said Thursday that sales of previously occupied homes fell 5.4 percent in June to a seasonally adjusted annual rate of 4.37 million homes. That’s the fewest since October. Sales […]
Pending home sales at highest level in 2 years
WASHINGTON — Americans signed more contracts to buy previously occupied homes in May, matching the fastest pace in two years. The increase suggests consumers are gaining confidence in the housing market and a modest recovery will continue. The National Association of Realtors said Wednesday that its index of sales agreements increased to 101.1 last month […]
Home builders optimistic about future
WASHINGTON — Homebuilders’ feelings about the current housing market haven’t changed from February. But many are growing more optimistic that sales could pick up in the coming months. The National Association of Home Builders/Wells Fargo said Monday that its builder sentiment index stayed at 28, the highest level since June 2007. The flat reading followed […]
Home prices fell in December in most U.S. cities
WASHINGTON — Home prices fell in December for a fourth straight month in most major U.S. cities, as modest sales gains in the depressed housing market have yet to lift prices. The Standard & Poor’s/Case-Shiller home-price index shows prices dropped in December from November in 18 of the 20 cities tracked. The steepest declines were […]
Home sales at highest level since May 2010
WASHINGTON — The housing market is flashing signs of health ahead of the spring-buying season. Sales of previously occupied homes are at their highest level since May 2010. More first-time buyers are making purchases. And the supply of homes fell last month to its lowest point in nearly seven years, which could push home prices […]
October home sales rose 1.4 percent but still weak
WASHINGTON — The number of Americans who bought previously occupied homes rose slightly last month but remained at depressed levels. And more deals are being canceled at the last minute, a sign that even those who are looking to buy are worried about the housing market. Home sales rose 1.4 percent last month to a […]
U.S. home sales jump 7.7 pct. as foreclosures rise
WASHINGTON — The number of Americans who bought previously occupied homes rose in August. But sales were driven by an increase in foreclosures, evidence 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 million homes. That’s below the […]
Contracts to buy homes rose in June for 2nd month
WASHINGTON — The number of Americans 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 says its index of sales agreements for previously occupied homes rose 2.4 percent in June to […]
Home sales on pace for worst showing in 14 years
WASHINGTON — Halfway through 2011, people are buying homes at the weakest pace in 14 years. Sales of previously occupied homes fell in June for a third straight month to a seasonally adjusted annual rate of 4.77 million homes, the National Association of Realtors said Wednesday. Home sales have fallen in four of the past […]
