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SATURDAY, NOVEMBER 7, 2009
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NEWS ABOUT: existing home sales

existing home sales stories: 22 news summaries

1 - 20 of 22 Stories | 1 2 Next >>

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MARKETS

 Dow Climbs 156; 
 Stocks Hit Highs 

Jump in existing-home sales spurs rally

Aug 21, 09 3:21 PM CDT
(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... More »

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Dow Jones • National Association of Realtors • Nasdaq • existing home sales • S&P 500 • existing-home sales

(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... More »

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housing market • mortgage • home sales • mortgage rates • home prices • existing home sales • tax credit • existing-home sales

MARKETS

 Dow Rallies on Housing; Up 214 

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

May 4, 09 3:17 PM CDT
(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.... More »

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Dow Jones • Alcoa • construction • Nasdaq • US Steel • existing home sales • S&P 500 • financial stocks

(AP) - 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... More »

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housing market • home sales • existing home sales

 Existing Home Sales Jump 5.1% 


Mar 23, 09 10:00 AM CDT
(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.... More »

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housing market • home sales • home prices • existing home sales

 Foreclosures Undercut Builders 


Mar 11, 09 11:00 AM CDT
(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... More »

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housing market • foreclosure • home builders • housing starts • existing home sales • new home sales • financial crisis • Pulte Homes • KB Home • Centex • DR Horton

MARKETS

 Dow Rebounds, Rises 142 

Banks still feel pain ahead of next bailout

Feb 3, 09 3:13 PM CST
(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... More »

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Merck • Dow Jones • Nasdaq • pharmaceutical industry • existing home sales • S&P 500 • existing-home sales

MARKETS

 Dow Up 58 On Mixed Data 

December existing-home sales rise 6.6%

Jan 27, 09 3:22 PM CST
(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,... More »

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Dow Jones • earnings reports • American Express • Nasdaq • Case Shiller price index • existing home sales • S&P 500

 Home Prices Plunge Record 
 15.3%, Boosting Sales 

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

Jan 26, 09 10:51 AM CST
(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... More »

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housing market • home sales • housing • home prices • existing home sales • financial crisis

MARKETS

 Dow Falls 100 on Gloomy Data 

GM, Ford fall on ratings downgrades

Dec 23, 08 3:20 PM CST
(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,... More »

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Dow Jones • General Motors • Ford • Nasdaq • existing home sales • new home sales • S&P 500

 Home Sales, Prices Plunge 

Everyone was really surprised

Dec 23, 08 10:52 AM CST
(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... More »

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housing market • home sales • housing • National Association of Realtors • home prices • existing home sales • new home sales • financial crisis

 Existing-Home Prices 
 Take Record Dive 

11.3% decline is biggest on record; sales down again in Oct. after Sept. uptick

Nov 24, 08 10:59 AM CST
(Newser) - After a brief, unexpected rise in September, sales of existing homes plunged again in October, with the median price taking its biggest drop on record, the Wall Street Journal reports. Home resales fell 3.1% to a 4.98 million annual rate, from September’s revised 5.14 million... More »

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housing market • housing • home prices • existing home sales

Home Sales Up 5.5%,
Biggest Gain in 5 Years

Inventories still at historic highs

Oct 24, 08 11:10 AM CDT
(AP) - Sales of existing US homes rose by the largest amount in more than five years in last month, a real estate trade group said today. The data offer a glimmer of hope that the housing slump could be starting to bottom out. The National Association of Realtors said sales of... More »

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housing market • home sales • housing • National Association of Realtors • home prices • housing bubble • existing home sales

Economy

 Home Sales Climb, but
Prices Keep Falling

Expanding inventories still damaging market

Aug 25, 08 10:19 AM CDT
(Newser) - Existing home sales were better than expected in July, rising 3.1% to an annual rate of 5 million, the Wall Street Journal reports. But inventories continued their steady expansion anyway, driving prices further downward. The median home price for July was $212,400, down 7.1% from July... More »

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housing market • housing • existing home sales • economy

Foreclosure Sales Rebound as Buyers Snap Up Deals

But prices drop drastically as lenders bite the bullet

May 27, 08 7:31 AM CDT
(Newser) - April generally was not a great month for home sales, the Wall Street Journal reports—except in the areas hardest hit by the subprime crisis as lenders slash prices on foreclosed homes and buyers snap them up. Subprime-riddled Detroit, for example, has seen home sales rise 48% in the... More »

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housing market • foreclosure • home sales • home prices • real estate values • existing home sales

MARKETS

 Dismal Day Ends Dismal Week 

Housing, oil continue to pummel equities

May 23, 08 3:34 PM CDT
(Newser) - Stocks fell today, rounding out a gloomy week as the familiar themes of housing malaise and energy costs manifested in widespread big losses, MarketWatch reports. The Dow fell 145.99 to close at 12,479.63, the Nasdaq lost 19.91, settling at 2,444.67, and the S&P... More »

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stock market • housing market • Dow Jones • home sales • Ford • Nasdaq • Department of Labor • existing home sales • S&P 500 • weekly gains • retail businesses • Nordstrom

Economy

 March Home Sales, Prices Fall 

Buyers can't get loans, or are awaiting bigger price drops

Apr 22, 08 10:02 AM CDT
(Newser) - Prices on existing homes fell in March, but buyers stayed away, either unable to get loans, or betting on yet bigger drops, Bloomberg reports. Sales dropped 2%, to an annual rate of 4.93 million, as the median price fell to $200,700 from $217,400 last year. The number... More »

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housing market • home prices • housing crisis • existing home sales • economy

Economy

Existing Home Contracts Down in February

Still no sign of bottom in housing values

Apr 8, 08 1:00 PM CDT
(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 »

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housing market • housing • home resales • existing home sales • home values

 Surprise! Existing
 Home Sales Jump 

February's 2.9% rise surprises analysts; median price tumbles unprecedented 8.2%

Mar 24, 08 10:45 AM CDT
(Newser) - Existing home sales stunned Wall Street today with an unexpected spike, Bloomberg reports. The metric rose 2.9% in February to an annual pace of 5.03 million. Analysts had predicted yet another decline, to a 4.85 million pace. But one economist said this was only a “temporary... More »

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housing market • foreclosure • condominium • home prices • housing crisis • existing home sales • new-home sales • existing-home sales • single-family homes

Home Sales, Prices Sink Again

Would-be buyers get comfy, waiting for better deals

Feb 25, 08 10:05 AM CST
(Newser) - Existing-home sales and home prices continued to fall in January, indicating that would-be buyers are waiting for the market to bottom out, the Wall Street Journal reports. "Inventories are high, so it's not surprising prices are declining," said one economist, who described home sales as "soft but... More »

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home loans • home prices • existing home sales

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