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NEWS ABOUT: existing home sales

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March Home Sales, Prices Fall

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

(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 »

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 »

Surprise! Existing Home Sales Jump

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

(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 »

Home Sales, Prices Sink Again

Would-be buyers get comfy, waiting for better deals

(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 »

10 Lies Homeowners Tell Buyers

Few are above making a fib or two part of the sales pitch

(Newser) - When a homeowner is desperate to sell and a buyer is ready to fork over the cash, the truth about a house is often swept under the rug, MSNBC reports. Watch out for frequent fibs when talking about:
  1. Personality of neighbors and the neighborhood.
  2. Status of home repairs (particularly the
... 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 »

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