home resales

8 Stories

TV Home Shows Boom During Bust

'People loved comedies during the Depression, too,' producer says

(Newser) - Home shows are becoming the heavyweights of reality television, even as the housing market continues to plummet, the New York Times reports. HGTV and TLC have million-plus nightly audiences as shows that provide step-by-step guidance to potential homesellers and buyers appeal to viewers weary of past hits that traded on... More »

Existing Home Contracts Down in February

Still no sign of bottom in housing values

(Newser) - Contracts to buy previously owned homes declined 1.9% in February, according to the National Association of Realtors’ index, which fell to its lowest levels since its creation in 2001. The drop was nearly double the 1% decline analysts predicted, reports Bloomberg, and sent stocks tumbling further. More »

Dec. Home Sales Kept Dropping

Existing US sales resume tumble; median prices also fall

(Newser) - Existing home sales began to fall again in December after briefly bumping upwards in October and November. Home resales were at a 4.89 million annual rate; that's down 2.2% from November and down 13% from last year. "Home sales remain weak despite improved affordability conditions in many... More »

Pending Home Sales Take Giant Plunge

Experts recommend buying a house immediately

(Newser) - Pending home sales fell 2.6% in November from a revised 3.7% October gain, Bloomberg reports, far outstripping the 0.7% fall analysts predicted after an originally reported 0.6% October gain. The figures support Henry Paulson’s gloomy outlook on the housing market. “There is no evidence... More »

Home Resales See Small Surprise Rise

November figures don't mean relief from housing-market woes

(Newser) - Existing-home sales rose unexpectedly in November, although not enough to suggest that the economy is over the housing slump, Bloomberg reports. Resales rose 0.4% to an annual rate of 5 million, up from October’s record-low pace, but the year-over-year figure represents a 20% drop. The median price dropped... More »

Home Sales Hit Record Low Despite Dropping Prices

Sales of existing properties down 20.7% over last year

(Newser) - Existing-home sales fell for the eighth consecutive month in October, hitting record lows in a survey of realtors. Resales dropped to an annual rate of 4.97 million, down 1.2% from September, despite a huge 5.1% drop in median price. “Price declines are part of the healing... More »

Existing-Home Sales Plummet Past Predictions

(Newser) - The housing market absorbed more bad news today. Existing-home sales dropped 8% in September, hitting their lowest level since at least 1999, as tighter credit standards kept buyers away. The 5.04 million annual rate was far below projections, bolstering predictions of another rate cut by the Fed next week.... More »

Bush Promises Mortgage Relief

Fed agencies to offer aid to help Americans during credit squeeze

(Newser) - The government will roll up its sleeves and aid homeowners battered by the subprime mortgage crunch, but it will forsake “speculators” trying to exploit the crisis, President Bush said today. The FHA will step in and help delinquent borrowers avoid foreclosure by refinancing at lower rates, but experts predict... More »

8 Stories