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WEDNESDAY, NOVEMBER 25, 2009
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NEWS ABOUT: home sales

home sales stories: 52 news summaries

41 - 52 of 52 Stories | << Prev 1 2 3

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Squeezed Owners Seek Tax Break as Home Values Drop

Local governments feel the pinch as property taxes decline

Dec 23, 07 6:45 AM CST
(Newser) - With property values falling across much of the nation, more homeowners are asking for reassessments, looking for a break from property taxes that inflated before the subprime mortgage balloon burst, reports the New York Times. For local governments, especially in areas already suffering from high rates of foreclosure, declining property... More »

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real estate • subprime mortgages • foreclosure • mortgage • home sales • real estate values

'08 Subprime Fallout:
At Least 1.4M Foreclosures

Mortgage crisis slams economy across the board

Nov 27, 07 11:02 AM CST
(Newser) - The subprime mortgage fallout will continue through 2008, with 1.4 million Americans facing foreclosure, municipalities losing more than $6.6 billion in taxes, and housing values plummeting up to 16%, says a US Conference of Mayors report out today. The analysis projects slowed GDP growth and consumer spending and... More »

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economic growth • subprime mortgages • foreclosure • home sales • GDP • home loans

(Newser) - In the face of dismal August numbers, sales of new homes in September increased 4.8%, driven by demand in the western US, the Wall Street Journal reports. Despite the unexpected bump, the updated August figures, which reflect an 11-year low, are fueling worries the economy will remain pinned under... More »

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housing market • home sales • US economy • housing sales

August Home Price Plunge
Is Biggest
Since 1970

New-home sales also off more than forecast

Sep 27, 07 12:44 PM CDT
(Newser) - New-home sales fell 8.3% in August, Bloomberg reports, a greater decline than predicted. Housing prices fell over last year, with the 7.5% decrease the biggest drop since 1970. Sales fell to an annual pace of 795,000, lowest in seven years. And that may not signal the housing... More »

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subprime mortgages • home sales • Fannie Mae • housing industry • default • borrowers

Pending Home Resales Drop to Record Lows

Vicious cycle of credit crunch and housing slump continues

Sep 5, 07 11:35 AM CDT
(Newser) - In yet another sign of the troubled housing market infecting the ailing credit market, the number of home resales plunged to a record low in July. The measure, which tracks the number of Americans signing contracts to buy previously owned homes, dropped 12.2% to 89.9, its lowest level... More »

MORE ABOUT:
Ben Bernanke • housing market • home sales • US economy

Bush Promises Mortgage Relief

Fed agencies to offer aid to help Americans during credit squeeze

Aug 31, 07 2:52 PM CDT
(Newser) - The government will roll up its sleeves and aid homeowners battered by the subprime mortgage crunch, but it will forsake “speculators” trying to exploit the crisis, President Bush said today. The FHA will step in and help delinquent borrowers avoid foreclosure by refinancing at lower rates, but experts predict... More »

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housing market • subprime mortgages • foreclosure • home sales • global economy • US economy • Freddie Mac • Fannie Mae • Federal Housing Administration • private lenders • home resales • homeowners • borrowers • George W. Bush

Consumer Confidence Plunges

Vital index hits level not seen since post-Katrina unrest

Aug 28, 07 2:35 PM CDT
(Newser) - Consumer confidence dived in August to its lowest level since right after Hurricane Katrina in 2005. Though not as steep as expected, the drop reflects the squeeze stock market uncertainty and lower home values are putting on Americans' wallets and peace of mind, Bloomberg reports. "The things that are... More »

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Hurricane Katrina • stock market • housing market • home sales • consumer confidence • US economy • home equity

Home Prices Show Record Drop

Consumer confidence off too; the credit market is to blame, again

Aug 28, 07 11:21 AM CDT
(Newser) - The credit market is continuing to weigh on economic indicators, Bloomberg reports, as home prices and consumer confidence both notched records in their downward swoon. A report released today showed home values down an unprecedented 3.2% in the second quarter. Consumer confidence this month fell to its lowest levels... More »

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home sales • consumer confidence • US economy • credit market • Department of Commerce • mortgage loans

Home Resales Down For Fifth Straight Month

Decline lower than expected, but unlikely to stop, experts say

Aug 27, 07 1:08 PM CDT
(Newser) - Existing home sales slumped again in July—the fifth straight month the figures have been off and a sign that the market-draining housing downturn will continue. Though the 0.2 percent decline was the smallest movement since 2002, experts expect sales to continue dropping, according to Bloomberg. More »

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real estate • housing market • home sales • housing • markets

New-Home Sales Grow, Spur Wall St.

But new figures don't fully reflect credit market's impact, analysts say

Aug 24, 07 11:21 AM CDT
(Newser) - New-home sales grew 2.8% last month, delivering an unexpected bit of good news to investors still reeling from the credit crunch. But the housing market, which had been rebounding in recent months from a slump, will likely show renewed weakness after he mortgage crisis dust settles, Bloomberg reports. More »

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Ben Bernanke • Wall Street • real estate • Federal Reserve • home sales • credit market • interest rate • Countrywide • Toll Brothers • Department of Commerce • housing crisis

Consumer Confidence,
New Home Sales Slump

Grim economic indicators continue to stack up

Jun 26, 07 12:13 PM CDT
(Newser) - Indicating that the topsy-turvy economy probably won't be righting itself anytime soon, consumer confidence dropped in May, as did new home sales, a signal that the reeling housing market has yet to hit bottom. The Fed will likely take up consumer worries at a 2-day meeting that starts tomorrow, Bloomberg... More »

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real estate • consumer • housing market • Federal Reserve • subprime mortgages • homes • mortgage • home sales • housing starts

Home Sales Plunge to
4-Year Low

Inventory glut, rising mortgage rates bode ill for quick rebound

Jun 25, 07 6:27 PM CDT
(Newser) - Sales of existing homes fell again last month, while the number of homes languishing on the market hit a 15-year high. The median price sank to $223,700, the AP reports, and thanks in part to the woes of the subprime mortgage sector, overall sales were 10.3% below last... More »

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real estate • housing market • subprime mortgages • homes • mortgage • home sales

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