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THURSDAY, NOVEMBER 26, 2009
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NEWS ABOUT: home sales

home sales stories: 52 news summaries

21 - 40 of 52 Stories | << Prev 1 2 3 Next >>

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 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

 Elderly Trapped in 
 Houses That Won't Sell  

Lack of buyers forces frail elderly to postpone plans for assisted living

Nov 22, 08 6:19 AM CST
(Newser) - The collapse of the housing market has left many elderly people marooned in their own homes, the New York Times reports. Retirement communities require hefty down payments that many elderly were expecting to raise by selling their homes. With no buyers out there, frail people requiring daily care are stuck... More »

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elderly • housing market • nursing homes • home sales • retirement communities

(Newser) - Home sales being a little tricky these days, a luxury developer in the trendy Buckhead section of Atlanta has stumbled onto a unique form of incentive: free house calls from doctors. Deep-pocketed buyers who plunk down $2 million to $12.5 million to live in a new high-rise will get... More »

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health care • Atlanta • home sales • housing crisis • economy

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

(Newser) - A witch’s brew of factors is cursing the US housing market, reports the New York Times, driving home prices ever lower as they search for bottom. Rising unemployment, higher interest rates, lower wages, and a glut of foreclosures are likely to continue to keep the market depressed through... More »

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

MARKETS

 Stocks Climb Nearly 200 Points 

Poor housing, durable goods goods data don't deter market's optimism

Sep 25, 08 3:15 PM CDT
(Newser) - Stocks rallied this afternoon on news that lawmakers had reached a consensus on the Wall Street bailout plan, MarketWatch reports. Optimism proved infectious as GE rose 6.26% despite cutting an earnings estimate earlier today. The Dow climbed 196.89 points to 11,022.06. The Nasdaq gained 30.89... More »

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Dow Jones • durable goods • home sales • Lehman Brothers • Nasdaq • Washington Mutual • WaMu • S&P 500 • bailout • financial crisis

MARKETS

 Stocks Reverse; Dow Down 280 

Lehman Bros., housing weigh on investor sentiment

Sep 9, 08 3:16 PM CDT
(Newser) - After a strong rally yesterday following news of the Fannie/Freddie bailout, stocks gave most of the gain back today as the failure of talks between Lehman Brothers and Korea’s state bank sent shares in the investment giant down 44.1%, MarketWatch reports. The Dow fell 280.01 to close... More »

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Dow Jones • home sales • American Express • Lehman Brothers • Nasdaq • AIG • financial institutions • S&P 500 • oil prices • Korea Development Bank • Hurricane Ike

Rise in Renters Wiping Out Gains in Homeownership

Effects of subprime crisis evident as percentage of owners drops

Jun 21, 08 7:29 AM CDT
(Newser) - Americans are shifting from being homeowners to renters in rising numbers, the New York Times reports, all but wiping out gains made during the boom. The percentage of homes headed by homeowners dropped from 69.1% to 67.8% this year, which sounds modest, but is, in fact, the biggest... More »

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housing market • subprime mortgages • mortgage • home sales • property • rent • homeownership

 Stealing Home: Five Signs
 It's Time to Lowball 

Forget the market and climb inside the seller's head

Jun 20, 08 1:18 PM CDT
(Newser) - It's not always the economy, stupid. Even in a weak market, buyers should consider a homeowner's situation before hurling a lowball bid, writes Daniel McGinn in Newsweek. One real estate broker offers five sure signs that a seller is ready to deal:
  1. Nobody's home. Sellers who have moved
... More »

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real estate • housing market • business • list • home sales • homeowners

New Wave of Foreclosures Expected in '09

ARM holders will see payments soar as their mortgages reset

Jun 7, 08 10:44 AM CDT
(Newser) - America’s subprime victims may have grudgingly accepted their fate, but there’s a new class of borrowers primed to suffer, BusinessWeek reports. Homeowners who took out ARMs, or adjustable rate mortgages, will soon face skyrocketing payments as their loans reset. About a million people have the mortgages, but... More »

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housing market • foreclosure • home sales • debt • US economy • homeownership • lending practices • subprime crisis • adjustable-rate mortgages

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

 Home, Retail Sales Keep Sliding 

Retail decline due mainly to big autos drop; foreclosures depressing housing values

May 13, 08 11:36 AM CDT
(Newser) - The housing market continued to plunge in the first quarter of 2008, as single-family sales dropped 22% from their year-ago pace, to 4.95 million annually. Bloomberg reports that the median home price is off 7.7% from a year ago, to $196,300, as foreclosed properties drag down values.... More »

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housing market • home sales • recession • home prices • retail sales • economy • housing sector

Real Estate Slump Strikes Manhattan

Average apartment price soars to record; big picture grim

Apr 2, 08 3:25 PM CDT
(Newser) - Manhattan real estate prices hit record highs in the first quarter of 2008, but sales declined, showing that the housing crunch is starting to affect the island, Bloomberg reports. The average price of a Manhattan apartment was $1.7 million, up 33.5% from last year, the New York Times ... More »

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Wall Street • New York real estate • Manhattan • home sales • home prices • real estate values • housing crisis

 Home Prices, Consumer  
 Confidence Nosedive  

Housing trouble worsens as recession worries mount

Mar 25, 08 9:58 AM CDT
(Newser) - Home prices plummeted again in January, falling a record 10.7% compared to January 2007, according to the bellwether S&P Case/Shiller Hope Price composite. The March consumer confidence index, also out today, plunged to a 5-year low in yet another indication of recession, Bloomberg reports. The Conference Board measures... More »

MORE ABOUT:
home sales • consumer confidence • housing • recession • home prices • Case Shiller price index • housing crisis

 Wall Street Sneezes;
 Heartland Catches Cold 

Worries about a recession are hitting home with Americans

Mar 21, 08 11:36 AM CDT
(Newser) - The high-profile economic woes plaguing Wall Street and previously hot housing markets are spreading, raising the possibility of the worst recession Americans have faced in years. The New York Times crisscrosses the country, assembling anecdotal evidence—suddenly thrifty brides, unsold construction equipment, sinking earnings at FedEx—that suggests the slowdown... More »

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inflation • home sales • consumer confidence • recession • unemployment • credit crisis • heartland • economy

ANALYSIS

Crisis Is More
of Confidence Than Credit

Times scribe connects dots from housing boom to Bear Stearns

Mar 19, 08 11:39 AM CDT
(Newser) - The credit crisis that’s roiled financial markets has its genesis in the housing boom that began in 1998, David Leonhardt writes in the New York Times. The boom led lenders to create new financing options—including subprime loans—as investors saw potential for huge returns. Low interest rates encouraged... More »

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Ben Bernanke • subprime mortgages • Bear Stearns • home sales • home loans • credit crisis • financial crisis

MARKETS

Stocks Flat After Roller Coaster

Market buffeted by more ugly data, soothing Bernanke testimony

Feb 27, 08 3:21 PM CST
(Newser) - Stocks ended mainly flat after mixed news had indices seesawing throughout today's session, the Wall Street Journal reports. Economic news was bad in general, but Federal Reserve chairman Ben Bernanke and housing regulators cheered the markets with upbeat comments. The Dow ended up 9.36 to 12,694.28, the... More »

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Ben Bernanke • stock market • home sales • credit crisis • subprime crisis

MARKETS

Stocks Rise Despite Bad Vibes

Dow reverses three-day decline

Feb 7, 08 3:30 PM CST
(Newser) - The Dow climbed 46.90 points to 12,247 in the face of bad news, ending a seesaw day up and breaking a three-day slump. Existing homes sales fell 1.5% in December, and tech bellwether Cisco reported weaker third-quarter growth than expected, but prices were low enough to stave... More »

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Federal Reserve • Dow Jones • home sales • Cisco • S&P 500 • Nadsaq

New Home Sales Hit 12-Year Low

Decline tops even worst estimate

Dec 28, 07 11:00 AM CST
(Newser) - New home sales fell much farther than expected in November, hitting their lowest point since 1995, Bloomberg reports, and the slide only likely to get worse. Sales fell to an annual pace of 647,000, a 9% drop from October’s revised-down 711,000 rate. Prices are falling, but buyers... More »

MORE ABOUT:
housing market • subprime mortgages • home sales • home loans • credit crisis • housing crisis

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