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SUNDAY, NOVEMBER 22, 2009
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NEWS ABOUT: housing sales

housing sales stories: 12 news summaries

Housing Market Woes Hit Home for Geithner

Treasury secretary
can't sell, stuck renting
out his NY home

Jun 3, 09 9:57 AM CDT
(Newser) - Housing market troubles are getting personal for Tim Geithner, the AP reports. The Treasury secretary bought his five-bedroom suburban New York Tudor for $1.6 million in 2004; after moving to Washington, he tried to sell it for $1.635 million. The price later dropped to $1.575 million, but... More »

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housing market • mortgage • home sales • rent • housing sales • Treasury secretary • financial crisis • Timothy Geithner

Fannie Mae's Task: Sell 65K Homes in Buyer's Market

Unloading homes quickly while maintaining value, Fannie walks tightrope

Mar 19, 09 9:38 AM CDT
(Newser) - It’s no secret that for US homeowners, it’s not a seller’s market. But imagine having 65,000 properties to sell. That’s the task ahead of Fannie Mae, NPR reports, as its volume of repossessed homes grows by the day. The guarantor of a third of all... More »

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housing market • foreclosure • housing • Fannie Mae • home prices • housing sales • repossessions • financial crisis

Analysis

 Housing Rebound 
 Unlikely in '09 


Mar 7, 09 10:27 AM CST
(Newser) - If you’ve been waiting for a housing recovery, keep waiting. This March-June, the season when most homes are typically bought and sold, promises to be the worst since the bubble burst in 2006, the New York Times reports. Some 19 million homes—nearly one of every seven nationwide—... More »

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real estate • housing market • home prices • housing sales

Home Sales Up in July; Market Glut Begins to Ease

Inventory still high as monthly declines ease

Aug 26, 08 10:53 AM CDT
(Newser) - New home sales rebounded a bit in July, according to Commerce Department data released today, and the glut of properties on the market began to ease, Bloomberg reports. The 2.4% uptick in sales fell short of the pace economists were looking for—hitting a 515,000 annual pace rather... More »

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home prices • housing sales • housing crisis • subprime crisis • home-price index

MARKETS

 Oil Plunges; Stocks Gain 

Markets shake off steep decline in housing prices

May 27, 08 3:31 PM CDT
(Newser) - 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&... More »

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stock market • oil price • housing sales • housing crisis

Unsold Homes Handcuffing Job-Seekers

Housing crisis crimps mobility, prevents workers from moving

Apr 3, 08 1:42 PM CDT
(Newser) - 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... More »

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

Home Seizures by Banks Jump 90% in Year

Lenders reclaim 45K properties as mortgage payments rise

Feb 26, 08 2:00 PM CST
(Newser) - Banks seized more than 45,000 homes in January, nearly double the number from a year ago and up 8% from December, Bloomberg reports. Rising adjustable-rate mortgage payments were the culprit. Total foreclosure filings, which include default and auction notices in addition to seizures, increased 57% to 233,001, the... More »

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foreclosure • housing sales • default • housing crisis • subprime crisis • repossessions • mortgage defaults

New Home Sales Hit 12-Year Low

Numbers are a surprise, economists had predicted little change from November

Jan 28, 08 1:20 PM CST
(Newser) - 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... More »

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

Home Resales See Small Surprise Rise

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

Dec 31, 07 12:48 PM CST
(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 »

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housing market • home resales • housing sales

Home Sales Hit Record Low Despite Dropping Prices

Sales of existing properties down 20.7% over last year

Nov 28, 07 12:41 PM CST
(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 »

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

(Newser) - 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... More »

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housing market • home sales • US economy • housing sales

Home Sales Sink to 5-Year Low

Stats at 5-year low due to credit crunch

Sep 25, 07 12:52 PM CDT
(Newser) - 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... More »

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housing market • credit crisis • housing sales • housing crisis

12 Stories


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