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July 25, 2008 10:59:55 PM CDT

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Stories related to: housing sales

Stories

8 Stories

  • May 2008

    • Oil Plunges; Stocks Gain

      newser  |  Wall Street Journal  |  May 27, 08 3:31 PM CDT

      Oil Plunges; Stocks Gain

      The markets pulled out modest gains today on plunging oil prices, despite housing price indices that showed the biggest drop in 20 years, the Wall Street Journal reports. The Dow ended up 68.72 at 12,548.35, the Nasdaq up 36.57 at 2,481.24, and the S&P 500 up 9.42 at 1,385.35. More »

      Tags

      stock market  • oil price  • housing crisis  • housing sales

  • April 2008

    • Unsold Homes Handcuffing Job-Seekers

      newser  |  New York Times  |  Apr 3, 08 1:42 PM CDT

      Unsold Homes Handcuffing Job-Seekers

      The housing crisis that’s kept many from selling their homes has, in turn, warped the job market, the New York Times reports. Those who can’t sell their houses can’t relocate to seek work. Usually, more than 5 million workers move per year. But now, tens of thousands are trapped by un-sellable homes, the Times says. More »

      Tags

      housing market  • housing crisis  • job market  • housing sales  • relocation

  • February 2008
  • January 2008

    • New Home Sales Hit 12-Year Low

      newser  |  Bloomberg  |  Jan 28, 08 1:20 PM CST

      New Home Sales Hit 12-Year Low

      Sales of new homes fell to a 12-year low in December, making 2007 the worst year on record for home sales. Economists had predicted November's numbers wouldn't get much worse; instead, sales decreased 4.7% to an annual rate of 604,000, reports Bloomberg. "We are in deep recession lows now in terms of new home sales and housing starts," says an economist. More »

      Tags

      housing market  • housing crisis  • housing starts  • housing sales  • new home sales

  • December 2007

    • Home Resales See Small Surprise Rise

      newser  |  Bloomberg  |  Dec 31, 07 12:48 PM CST

      Home Resales See Small Surprise Rise

      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 3.3% relative to November 2006, to $210,200. More »

      Tags

      housing market  • home resales  • housing sales

  • November 2007

    • Home Sales Hit Record Low Despite Dropping Prices

      newser  |  CNN  |  Nov 28, 07 12:41 PM CST

      Home Sales Hit Record Low Despite Dropping Prices

      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 process,” an economist told CNN, “but we have a lot of healing to do.” More »

      Tags

      housing market  • housing crisis  • home prices  • home resales  • housing sales

  • October 2007

    • US New-Home Sales Rebound in September

      newser  |  Wall Street Journal  |  Oct 25, 07 12:25 PM CDT

      US New-Home Sales Rebound in September

      In the face of dismal August numbers, sales of new homes in September increased 4.8%, driven by demand in the western US, the Wall Street Journal reports. Despite the unexpected bump, the updated August figures, which reflect an 11-year low, are fueling worries the economy will remain pinned under the weight of the sagging housing market. More »

      Tags

      US economy  • housing market  • home sales  • housing sales

  • September 2007

    • Home Sales Sink to 5-Year Low

      newser  |  Bloomberg  |  Sep 25, 07 12:52 PM CDT

      Home Sales Sink to 5-Year Low

      Sales of previously owned US homes fell 4.3% in August, marking a 5-year low point and continuing the housing swoon growing out of the credit crisis. Although the drop was slightly less than expected, borrowing costs have risen and mortgage qualification has gotten harder, so demand is down and likely to continue falling, Bloomberg reports. More »

      Tags

      credit crisis  • housing market  • housing crisis  • housing sales

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