home sales

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Cops: Real Estate Agent Did the Deed in Home She Sold

And they don't mean the property deed

(Newser) - Before the new owner of a home in Friendswood, Texas, could even hook up the appliances, an entirely different kind of hookup apparently took place inside. At least, that's how it appears after the real estate agent who sold the property was arrested for allegedly having sex inside the... More »

Home Too Toxic and Dilapidated to Enter Sells for $427K

Seattle housing market is going crazy

(Newser) - How crazy is the housing situation in one of the country's hottest markets? A dilapidated Seattle home described by the Seattle Times as a "Halloween haunted house" recently sold for more than twice its listing price despite partially collapsed ceilings, five feet of standing water, toxic air, hazardous... More »

Site Tells Homebuyers If Their New House Could Be Haunted

Find who was murdered and when before you buy that new home

(Newser) - There are a lot of things new homebuyers have to worry about: foundation cracks, water damage, ghosts. That last one is where Roy Condrey and his website, DiedInHouse.com , come in, Bloomberg reports. Condrey started the site two years ago because he thought his house might be haunted and wanted... More »

Detroit Homeowner: I'll Trade House for a Smartphone

But real estate agent says it's 'not worth much'

(Newser) - Want to buy a fixer-upper in Detroit? Probably not, but if you change your mind there's a three-bedroom available in east Detroit for an iPhone 6, ABC News reports. Real estate broker Larry Else admits there are problems, like no front door, broken windows, and $6,000 in back... More »

Sales of Pricey Homes Surge

And median home price is going up

(Newser) - Another sign of economic recovery? Sales of higher-end homes—those priced above $750,000—were up 50% in November from a year prior, CNBC reports. Meanwhile, sales of the lowest-end homes fell 4%. The two factors pushed the median home price across the nation to $180,600, up about 10%... More »

Foreigners Gobbling Up American Homes

Nonnatives take 8.9% of home real estate sales

(Newser) - The Canadians are coming ... for our real estate. A weakened dollar coupled with a buyer's market is prompting foreigners to snatch up expensive homes here in the US. Of the $928 billion spent on US real estate in the year ending in March, $82.5 billion came from foreigners.... More »

Once-Slammed Phoenix Sees Housing Turnaround

Economists say it hit bottom and is beginning to rebound

(Newser) - Few cities got hit harder by the bursting real estate bubble than Phoenix, notes the Wall Street Journal , which points out that prices plunged 55% as the foreclosure rate rose to No. 3 in the nation. Despite those bleak stats—or maybe because of them—the city is now enjoying... More »

Housing Prices Hit New Recession Low

And there's no bottom in sight

(Newser) - The housing industry keeps finding new lows: Today's Case-Shiller price index shows that prices fell in the first quarter to the lowest levels since the crash began, reports the Wall Street Journal . The drop of 4.2%, on top of last quarter's 3.6% drop, is evidence of... More »

Goodbye McMansions, Hello Small Homes

When new houses start selling again, they'll be downsized

(Newser) - It's possible that when the housing market finally wakes up from its long recessionary nap, Americans will be just dying to live in newly constructed giant homes again, writes Witold Rybczynski at Slate . "But don't count on it." It's far more likely that we won'... More »

US Sees Big Shift in Attitude on New Houses

Nobody wants them; they'll take foreclosures instead

(Newser) - If previous patterns held, sales of new homes would be seeing a healthy bounce right about now, notes the New York Times . After all, the economy is showing a little life, rates are low, and demand has been pent-up for a while. The reality? Sales of new homes were down... More »

20 Worst Places to Sell Your House

Hint: California and Florida show up a lot

(Newser) - It's a rough time in general to sell your home, but some places are (far) worse than others. Richard Florida rounds up the 20 worst for the Daily Beast , with nine of the regions in California and six in Florida. Here are the top 5:
  1. Riverside-San Bernardino-Ontario, Calif: One of
... More »

Hands Off, Obama: Let Housing Prices Fall

False incentives will hurt us in the long run

(Newser) - In case you missed it, be advised that home sales have fallen off a cliff. This week's grim numbers will no doubt raise the call for the Obama administration to reach into its bag of tricks (bring back that tax credit, maybe?) to encourage people to buy and thus keep... More »

Up 133, Dow Hits New '09 High

Data on home resales spur rally

(Newser) - Stocks rallied today on news that home resales jumped 10.1% in October and comments from the president of the St. Louis Fed reaffirming the government's extended commitment to support the credit markets, the Wall Street Journal reports.
  • The Dow jumped 132.79 points to close at 10,450.95,
... More »

Dow Up 3 as Stocks Stall Ahead of Reports

Investors await consumer confidence, housing, GDP data

(Newser) - Stocks closed near to opening levels today, with the Dow just barely extending its winning streak into a fifth session, the Wall Street Journal reports. All the indices hit new highs for 2009 early, boosted by housing data, investors pulled back ahead of looming reports on consumer confidence, new home... More »

Builders Are Building Again, Despite Risk

(Newser) - A decrease in vacant housing inventory and an uptick in sales have home builders ramping up construction for the first time in months, Time reports. Currently, the number of new homes on the market would take an estimated 8.8 months to sell—a far cry from the standard of... More »

Rally Pauses; Dow Adds 15

Verizon earnings disappoint, but Commerce reports jump in June home sales

(Newser) - Stocks fluctuated today after two weeks of solid gains, the Wall Street Journal reports. Data from the Commerce Department showing an 11% rise in sales of single-family homes in June boosted homebuilders. Verizon fell 2% after posting a 7% decline in earnings. The Dow ended up 15.27 at 9,... More »

Home Sales Take Biggest Jump in 8 Years

(Newser) - New home sales jumped 11% in June, the biggest gain in eight years, the Commerce Department announced today, as the supply fell to its lowest level in more than a decade. With mortgage rates and prices staggeringly low—the median home price fell 12%—buyers came out of the woodwork.... More »

Dow Finishes Up 188, Above 9K

Nasdaq caps 12-day streak

(Newser) - Sustained increases in home sales and robust earnings fueled a broad-based rally today, pushing the Dow above 9,000 for the first time since January and marking a 12-day winning streak for the Nasdaq—the first in more than a decade, the Wall Street Journal reports. AT&T and 3M... More »

Congress Weighs Wider Home Tax Credit

$8K for first-time buyers may jump to $15K, apply to all sales

(Newser) - With the tax credit for first-time homebuyers set to expire in November, congressional efforts to increase it and broaden its reach are ramping up, reports USA Today. Chris Dodd, who leads the Senate Banking Committee, supports a proposal to raise the credit to $15,000 and extend it to all... More »

Manhattan Teeters on Brink of Housing Crash

(Newser) - As foreclosure sales begin to lure buyers back to the housing market in some parts of the country, realtors in New York are finding the market crisis has come home to roost, Reuters reports. Things are bad and could soon be much worse. Condo sales in Manhattan have plummeted 71%... More »

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