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SATURDAY, NOVEMBER 21, 2009
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NEWS ABOUT: home sales

home sales stories: 51 news summaries

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MARKETS

 Dow Up 3 as Stocks 
 Stall Ahead of Reports 

Investors await consumer confidence, housing, GDP data

Aug 24, 09 3:22 PM CDT
(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 »

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Dow Jones • home sales • consumer confidence • Nasdaq • GDP • new home sales • S&P 500

(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... More »

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housing market • home sales • recession • stock • homebuilders • new construction • economic recovery

MARKETS

 Rally Pauses; Dow Adds 15 

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

Jul 27, 09 3:19 PM CDT
(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 »

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Verizon • Dow Jones • home sales • Nasdaq • S&P 500

(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 »

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real estate • housing market • economic indicators • home sales • mortgage rates • interest rate • home prices • new home sales

MARKETS

 Dow Finishes Up 188, Above 9K 

Nasdaq caps 12-day streak

Jul 23, 09 3:13 PM CDT
(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 »

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Dow Jones • earnings reports • home sales • Nasdaq • S&P 500 • AT&T

MARKETs

 Home Sales Send Dow 
 Over 9,000 


Jul 23, 09 10:22 AM CDT
(AP) - The Dow Jones industrials are back above 9,000 today for the first time since the beginning of January. A report of a jump in home sales eased investors' worries about one of the economy's biggest trouble spots. They responded by buying stocks across the market, lifting the major indexes... More »

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stock market • housing market • Dow Jones • Hershey • home sales • Phillip Morris • Wyeth • Ford Motor Co.

Congress Weighs Wider Home Tax Credit

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

Jun 22, 09 9:00 AM CDT
(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 »

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real estate • mortgage • home sales • Chris Dodd • real estate values • homeowners • tax credit

(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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New York City • Manhattan • housing market • home sales • housing crisis • luxury condo • Hamptons

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

(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

 Investors Storm 
 Housing Market 

Aim to take advantage of current low prices

May 20, 09 7:18 AM CDT
(Newser) - Investors are snatching up cheap houses, hoping to turn a profit when the market picks up, the Wall Street Journal reports. Some are foraging far and wide for potential purchases; others are locals who know the ins and outs of the area market. Investors often make all-cash offers, helping them... More »

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real estate • investors • housing market • home sales • investment firm • real estate values • financial crisis

March New Home Sales Down 0.6%

But that's good news: Numbers are actually better than expected

Apr 24, 09 11:09 AM CDT
(AP) - New US home sales dipped slightly last month but still beat expectations as builders start to see long-awaited encouraging signs about the housing market—including a dip in the inventory of new homes for sale. Sales fell 0.6% in March to a seasonally adjusted annual rate of 356,000,... More »

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housing market • homes • home sales • Department of Commerce • home builders • new home sales • economy

(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

 New-Home Sales See 
 Surprise Bounce 

But prices decline

Mar 25, 09 10:00 AM CDT
(Newser) - New-home sales took a surprise upward turn in February, the Commerce Department announced today—the first time sales have increased in seven months. But prices continued to tumble. Single-family home sales were up 4.7%, besting analyst expectations of a 2.9% decline. That still left them down 41.1%... More »

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housing market • home sales • home prices • new 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

analysis

Watch Out for These Economic Recovery Signs

Keep an eye out for slowing pasta sales

Feb 9, 09 4:52 PM CST
(Newser) - We knew the economy was toast when the GDP dropped 3.8% in the last quarter. But such data lags behind the real economy, writes Dan Kadlec in Time, so watch out for these indicators of a turnaround:
  • Home sales. They started the downturn, so any upswing is a
... More »

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list • home sales • investment • credit • temporary employment • pasta • interest rates

MARKETS

 Dow Ticks Up 38 Amid Layoffs 

Home sales report boosts stocks

Jan 26, 09 3:16 PM CST
(Newser) - Stocks closed with mild gains today even as US firms announced roughly 50,000 job cuts, the Wall Street Journal reports. The market was buoyed by a report that home sales are picking up as buyers take advantage of low prices. The Dow closed up 38.47 at 8,116.... More »

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Dow Jones • Pfizer • home sales • Nasdaq • Home Depot • Sprint • 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

 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

 Mortgage-Rate Drop 
 Sets off Refinancing Rush 

The biggest rate drop in seven years sends homeowners to banks looking for deals

Nov 26, 08 8:30 AM CST
(Newser) - The biggest one-day decline in mortgage rates in 7 years set off a frenzy of refinancing yesterday, as homeowners who'd been waiting for a bargain jumped into the market. The nearly one-point decline was prompted by the Fed's $600 billion commitment to buy mortgage-backed securities, reports Bloomberg. "It's the... More »

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Federal Reserve • home sales • mortgage rates • financial crisis • refinancing

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