existing home sales

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Home Sales Miss Expectations
Home Sales Hit 13-Year Low
Nov 21, 2023 2:11 PM CST

Home Sales Hit 13-Year Low

Rising mortgage rates and inventory shortage slow pace

(Newser) - Sales of previously occupied US homes slumped in October to the slowest pace in more than 13 years, as surging mortgage rates and rising prices kept many prospective homebuyers on the sidelines. Existing home sales fell 4.1% last month from September to a seasonally adjusted annual rate of 3....

Home Sales in US Slow to 2012 Pace
Home Sales in US
Slow to 2012 Pace
Oct 20, 2022 4:50 PM CDT

Home Sales in US Slow to 2012 Pace

Totals drop for 8th straight month

(Newser) - Sales of previously occupied US homes fell in September for the eighth month in a row, matching the pre-pandemic sales pace from 10 years ago, as house hunters grappled with sharply higher mortgage rates, rising home prices, and a still tight supply of properties on the market. The National Association...

Tiny California House Sells for Not-So-Tiny Price
Tiny House Sells for $1M,
and It Is Really Tiny
in case you missed it
Nov 6, 2021 6:30 AM CDT

Tiny House Sells for $1M, and It Is Really Tiny

328 square feet, to be exact, smack in the middle of Santa Cruz, Calif.

(Newser) - What would you pony up for a one-bedroom, one-bath tiny house? If your answer stretches into the seven figures, you would've been a good candidate for an abode in California's Santa Cruz that did not come with a tiny price tag. The Sacramento Bee notes that, per Home...

Sales of Pricey Homes Surge
 Sales of Pricey Homes Surge 
Dec 20, 2012 2:14 PM CST

Sales of Pricey Homes Surge

And median home price is going up

(Newser) - Another sign of economic recovery? Sales of higher-end homes—those priced above $750,000—were up 50% in November from a year prior, CNBC reports. Meanwhile, sales of the lowest-end homes fell 4%. The two factors pushed the median home price across the nation to $180,600, up about 10%...

Another Sign of New Life for Housing Market

Home sales up 2.3% from June to July

(Newser) - Americans bought more homes in July than in June, the latest evidence that the housing market is slowly recovering. Sales of previously occupied homes rose to a seasonally adjusted annual rate of 4.47 million in July, a 2.3% increase from the previous month's rate, the National Association...

July Home Sales Plummet 27.2%
 July Home Sales 
 Plummet 27.2% 


LOWEST LEVEL SINCE '95
Aug 24, 2010 9:20 AM CDT

July Home Sales Plummet 27.2%

Largest drop since records began in 1968

(Newser) - Sales of previously occupied US homes fell to the lowest level in 15 years last month as the economy weakened. The National Association of Realtors says July's sales fell by more than 27% to a seasonally adjusted annual rate of 3.83 million. It is the largest monthly drop noted...

Dow Rises 4 on Good GDP Data, Bad Housing News

GDP grows 5.9% in last quarter of 2009

(Newser) - Stocks closed out February by nudging into positive territory as investors weighed the news that GDP grew by 5.9% last quarter but existing-home sales plunged, the Wall Street Journal reports.
  • The Dow gained 4.23 points to close at 10,325.26.
  • The Nasdaq added 4.04, settling at
...

Up 133, Dow Hits New '09 High
 Up 133, Dow Hits New '09 High
MARKETS
Nov 23, 2009 3:18 PM CST

Up 133, Dow Hits New '09 High

Data on home resales spur rally

(Newser) - Stocks rallied today on news that home resales jumped 10.1% in October and comments from the president of the St. Louis Fed reaffirming the government's extended commitment to support the credit markets, the Wall Street Journal reports.
  • The Dow jumped 132.79 points to close at 10,450.95,
...

Dow Climbs 156; Stocks Hit Highs
 Dow Climbs 156; 
 Stocks Hit Highs 
MARKETS
Aug 21, 2009 3:21 PM CDT

Dow Climbs 156; Stocks Hit Highs

Jump in existing-home sales spurs rally

(Newser) - Stocks rallied today off of strong housing data, propelling all three major indices to their highest levels of the year, the Wall Street Journal reports. Sales of existing homes rose 7.2% in July, the National Association of Realtors said, beating analysts’ expectations by a generous margin. The Dow rose...

Home-Sale Index Skyrockets, Boosting Recovery Hopes

(Newser) - Pending sales of existing US homes soared in April, posting their largest jump since October 2001. Combined with a 3.2% jump in March, the 6.7% increase in April—far more than the forecast 0.5%—suggests a longer-term upward trend, the Wall Street Journal reports. Dipping prices, low...

Dow Rallies on Housing; Up 214
 Dow Rallies on Housing; Up 214 
MARKETS
May 4, 2009 3:17 PM CDT

Dow Rallies on Housing; Up 214

Financials and materials firms gain on construction spending, existing home sales

(Newser) - Stocks rallied today on positive economic news, with the S&P 500 surpassing the psychologically significant 900 mark, the Wall Street Journal reports. Surges in construction spending and existing-home sales fueled investor optimism, with financials and materials firms pacing advances. The Dow rose 214.33 to close at 8,426....

Existing Home Sales Tumble 3% in March

(Newser) - First-time homebuyers looking for bargains snapped up about half of all US homes sold last month, but the spring selling season got off to a lackluster start, with sales falling more than expected from February levels. Home sales fell 3% to an annual rate of 4.57 million in March...

Existing Home Sales Jump 5.1%
 Existing Home Sales Jump 5.1% 
Mar 23, 2009 10:00 AM CDT

Existing Home Sales Jump 5.1%

(Newser) - Previously owned home sales took a 5.1% leap in February, to an annual rate of 4.72 million, Bloomberg reports, as a median price down 15.5% year-over-year brought out the bargain hunters. That blindsided analysts, who had expected sales to fall to a 4.45 million annual rate....

Foreclosures Undercut Builders
 Foreclosures Undercut Builders 
Mar 11, 2009 11:00 AM CDT

Foreclosures Undercut Builders

(Newser) - Foreclosures and other vacant homes make this a tough time to be a builder, the Wall Street Journal reports. Consider Pulte Homes, which is selling a new, four-bedroom home in Las Vegas for $214,990—while a short sale nearby offers a similar Pulte-built home for $149,999. “We...

Dow Rebounds, Rises 142
 Dow Rebounds, Rises 142 
MARKETS
Feb 3, 2009 3:13 PM CST

Dow Rebounds, Rises 142

Banks still feel pain ahead of next bailout

(Newser) - Stocks bounced back in the wake of yesterday’s sell-off, with news of a rise in December existing-home sales feeding optimism, the Wall Street Journal reports. Merck continued to rise after reporting a quarterly profit, closing up 7.7% and boosting other pharmaceuticals. The Dow closed up 141.53 points...

Dow Up 58 On Mixed Data
 Dow Up 58 On Mixed Data 
MARKETS
Jan 27, 2009 3:22 PM CST

Dow Up 58 On Mixed Data

December existing-home sales rise 6.6%

(Newser) - Stocks ended higher for the third straight day today amid mixed financial news, the Finanical Times reports. Home prices sank, leading to a surge in sales, while consumer confidence remained low. A better-than-expected earnings report from AmEx led financials higher as the Dow closed up 58.70 points at 8,...

Home Prices Plunge Record 15.3%, Boosting Sales

Median US price was $175,400 in December, off 15.3%

(Newser) - US home prices took an unprecedented dive in December, Bloomberg reports, with prices of existing units dropping 15.3% over the same month last year—the biggest drop on record, and probably the biggest since the Great Depression. Sales, however, unexpectedly ticked up 6.5% in December, the National Association...

Dow Rises 62 Despite Data
 Dow Rises 62 Despite Data  
MARKETS
Jan 6, 2009 3:27 PM CST

Dow Rises 62 Despite Data

Oil futures end a four-day rally

(Newser) - Stocks failed to hold on to session highs but made gains today amid a series of dismal, if not unexpected, economic reports. Oil futures ended a four-day rally, falling $0.23 to $48.59 a barrel after briefly topping $50, Marketwatch reports. The Dow added 62.21 points to close...

Dow Falls 100 on Gloomy Data
 Dow Falls 100 on Gloomy Data 
MARKETS
Dec 23, 2008 3:20 PM CST

Dow Falls 100 on Gloomy Data

GM, Ford fall on ratings downgrades

(Newser) - Stocks fell today amid light holiday-week trading as reports on housing and the economy reminded investors how horrid the year has been, the Wall Street Journal reports. The Dow closed down 100.28 points to close at 8,419.49. The Nasdaq fell 10.81 points to close at 1,...

Home Sales, Prices Plunge
 Home Sales, Prices Plunge 
Dec 23, 2008 10:52 AM CST

Home Sales, Prices Plunge

Everyone was really surprised

(Newser) - The housing market had another staggering setback in November, with sales of new and existing homes tumbling while prices took their biggest hit on record, the Wall Street Journal reports. Existing-home sales fell a worse-than-expected 8.6%, while the national median price fell 13.2% to $181,300, the steepest...

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