New home sales exceeded forecasts in the latest government readings Friday, another sign of a long-awaited recovery in the battered housing market.
Home prices fell to their lowest point in more than a decade in January, which helped to lift the pace of home sales, according to a report from an industry trade group.
Buying a home is now more affordable than it has been in the last twenty years.
Just 302,000 new homes were sold in 2011, 6.2% below 2010 and the lowest number of annual sales since the government started tracking home sales in 1963.
Happy holidays, homebuyers! You just got a very nice present.
Existing home sales during the housing bust were actually 14.3% worse than previously reported, a revision to Realtors' group numbers shows.
New-home sales edged slightly higher last month, as more Americans hunted for bargains in the struggling housing market.
Homebuyers scooped up more previously owned homes in October, slowly putting a dent in the huge inventory on the market, an industry report showed Monday.
New-home sales fell once again in August, the fourth straight month of declining sales for the beleaguered home building market.
Home buyers are starting to creep back into the housing market, lured by rock-bottom prices.
New-home sales fell once again in July, the third straight month of declining sales for hard-pressed home builders.
Mortgage rates have hit a record low, making homes even more affordable for prospective buyers.
Sales of new homes slipped for a second straight month in June, unexpectedly falling 1%, as homebuilders remained reluctant to boost production.
Sales of existing homes dipped in June as buyers unexpectedly backed out of contracts, according to an industry group.
Sales of new homes fell 2.1% in May, after rising for two months in a row, as the housing market continues to struggle.
Sales of existing homes jumped in December, marking the fifth month of gains in the past six months, based on an industry report released Thursday.
Existing home sales picked up steam in November, though they are still down nearly 30% from this time last year.
Foreclosed properties are selling at a discount that can only be described as HUGE!
Don't look to the new home market for glad economic tidings: Home builders had another dismal sales month in October, falling to just one-fifth of the sales rate during the boom five years ago.
Existing home sales climbed for the second month in a row in September, fueling some hope that a housing recovery is underway.
Existing home sales bounced back in August after plunging nearly 30% in the previous month.
New home sales unexpectedly fell in July to the lowest level on record as the housing market continued to suffer from the end of the homebuyer tax credit boost.
With home sales plunging to their lowest level in 15 years, economists warn that a double-dip in housing prices is just around the corner, threatening to further slow the overall recovery.
In the latest sign of renewed turbulence in the housing market, an industry group said Thursday that sales of existing homes fell 5.1% in June.
New home sales plummeted to a record low in May, the first month following the expiration of the homebuyer tax credit. This snapped a two-month streak of gains.
Existing home sales slipped in May and missed estimates but sustained a strong pace as homebuyers who qualified for the expired tax credit moved to close deals ahead of the June 30 deadline.
New home sales soared in April as homebuyers rushed to claim the tax credit that expired at the end of the month.
Existing home sales soared in April as home buyers scrambled to claim the tax credit that expired at the end of the month, according to a real estate industry report released Monday.
New home sales improved in March at the fastest single-month rate in 47 years, according to a government report released Friday, as buyers snatched up properties ahead of the tax credit that's set to expire.
Existing home sales jumped 6.8% in March, with home buyers racing to get a tax credit that expires in April, according to a real estate industry report released Thursday.
Contracts for the sale of existing homes rose sharply in February, the National Association of Realtors' (NAR) said Monday.
Sales of new homes fell to a record low in February, according to a government report released Wednesday, as the glut of foreclosed homes and a weak economy dampened the housing market.
Sales of existing homes fell slightly in February, according to an industry report released Tuesday, a sign that the housing market's recovery remains fragile.
Sales of existing homes unexpectedly fell in January, according to an industry report published Friday, highlighting concerns that the housing market is weaker than previously thought.
Sales of new homes plunged to a record low in January, government figures showed Wednesday, as the weak economy and a glut of foreclosed homes continue to weigh on the market.
New home sales plunged to a 9-month low in December, according to a government report issued Wednesday.
New home sales unexpectedly plunged in November, according to a dismal government report.
Americans are inking a lot of deals to buy homes.
New home sales spiked in October, one month after declining unexpectedly.
Existing home sales surged in October to the highest level in more than 2-1/2 years, according to a real estate industry report issued Monday.
The number of signed sales contracts to buy homes rose in September for the eighth straight month, according to a real estate industry report released Monday.
Sales of newly built homes fell unexpectedly in September after rising for five straight months, according to government figures released Wednesday.
Confused about whether lawmakers will extend the $8,000 first-time homebuyer credit and what it would look like?
Sales of existing homes rebounded sharply in September to their highest level in two years, getting a strong boost from first-time homebuyers, according to a report released Friday.
Congress is considering proposals to greatly expand a soon-to-expire $8,000 tax credit for first-time homebuyers -- potentially applying it to all but the wealthiest homebuyers.
Homebuyers signed more sales contracts in August than in any month this year, boosted by the looming expiration of a homebuyers' tax credit, according to an industry report released Thursday.
Existing home sales fell in August, snapping a four-month streak of increases, according to a report released Thursday.
More than 1.4 million Americans have already claimed the new tax credit for first-time home buyers, according to a report from the Internal Revenue Service.
Sales of newly constructed homes leaped unexpectedly in July to hit their highest level since last September.
Sales of existing homes rose in July for the fourth consecutive month, lending support to economists who argue a recovery is near.
Sales of newly constructed single-family homes spiked 11% in June to an annualized rate of 384,000 homes, according to a report released Monday.
Sales of existing homes disappointed again in June, coming in at a seasonally adjusted annualized rate of 4.89 million, up just 3.6% compared with May, according to a monthly report from the National Association of Realtors.
Existing home sales rose in May, as increasingly affordable home prices and a first-time tax credit attracted hesitant buyers.
The number of home sales contracts signed in April continued to bounce back from record lows hit last winter, according to a widely watched industry report. This is the third consecutive month of gains.
The residential real estate market picked up slightly in April, as increasingly affordable home prices drew in hesitant buyers.
U.S. home prices are their most affordable in 18 years, according to a report released Monday.
Sales of existing homes fell in March, according to an industry report released Thursday, but analysts say the housing market is showing signs of stabilization.
Sales of existing homes unexpectedly rose in February, recovering from a sharp drop in the previous month, according to an industry report released Monday.
Crashing home prices have led to the most affordable housing market in at least five years, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index released Thursday.
Sales of existing homes fell in January to their lowest levels in nearly 12 years, with a real estate group saying buyers delayed purchases in anticipation of government programs to boost the housing market.
Home prices fell 12.4% during the fourth quarter of 2008, the largest year-over-year decline since the National Association of Realtors began keeping comprehensive records in 1979.
Plunging home prices and low mortgage rates pushed homebuying activity higher in December, according to a regular industry report released on Tuesday.
Sales of newly constructed homes plunged in December to the lowest level on record, going back to 1963, according to a government report released Thursday.
The number of existing homes sold in December rose 6.5% from the previous month, according to a report released Monday, as bargain hunters took advantage of plummeting prices.
The number of homes under contract to be sold fell 4% in November, according to a report released Tuesday.
The number of existing homes sold during November plummeted 8.6% as prices plunged by record amounts, according to a closely watched housing industry report issued Tuesday.
Reducing mortgage rates to a historically low 4.5% may entice some homebuyers out of the shadows, but it won't be enough to really spur housing sales, experts said.
Sales of newly constructed homes slumped in October to an annual rate not seen since 1991, according to government figures released Wednesday.
Sales of existing homes rose in September, but prices continued to drop, according to the latest reading on the battered housing market by an industry trade group released Friday.
The pace of new home sales fell to its lowest level in 17 years in August, according to a key government report released Thursday that signaled more dismal news for the housing sector in coming months.
Sales of existing homes rose more than expected in July, but prices continued to fall and inventory increased. That's according to the latest reading on the battered housing market by an industry trade group released Monday.
The number of pending homes for sale rose in June, a rebound from the previous month, according to a report released Thursday.
Sales of existing homes rose slightly more than expected in May as home buyers responded to plummeting home prices, according to an industry trade group.
New home sales remained near historically low levels in May, as the housing market continues to struggle with a huge oversupply of housing inventory.
New home sales fell in March to the lowest level in more than 16 years, according to a key government report on the battered housing market released Wednesday.
Home builder Lennar reported its fourth straight quarterly loss Thursday and warned that conditions in the battered housing market continue to worsen due to a glut of homes on the market and ongoing problems in the mortgage market.
The number of homes under contract for sale was unchanged in January, leaving that measure of the battered real estate market just barely above the record low, according to the latest reading from the National Association of Realtors.
In a fresh sign that the nation's housing crisis will worsen, home prices are likely to decline in 2008 for the second straight year, the National Association of Realtors said Thursday.
Prices of homes sold in December registered the biggest year-over-year decline on record, according to a report from an industry trade group, and 2007 is the first year on record that has seen a drop.
More trouble looms for the nation's battered housing market next year, even as the pace of home sales inched up in October from the depths of this summer's mortgage meltdown, according to data released Monday by an industry trade group.
The biggest plunge in new home prices in 37 years was not enough to revive October sales, according to the government's latest reading on the battered housing and home building markets.
The number of vacant homes for sale rose in the third quarter, according to the latest government reading that casts new harsh light on the weakness of the housing market.
For those in the real estate industry and for those looking to buy or sell a home, it could take until 2009 to catch a break.
updated: Tue Aug 28 2007 05:49:00
U.S. housing market analysis
Homeowners trying to sell last month faced the biggest glut of homes on the market in about 16 years, as declining sales and growing problems in the mortgage market helped push home prices down for the 12th straight month.
Home sales this year will be the lowest since 2002, according to the National Association of Realtors. If you're struggling to draw attention to your home, you may just have to up the ante. Here's how to make a deal more attractive to buyers.
Problems in subprime mortgages caused a sharp drop in home sellers being able to find buyers for their homes in March, according to a trade group report Tuesday that showed the battered real estate market was much weaker than expected.
New home sales rebounded a bit in March from depressed levels in February but still fell short of forecasts, according to the government's latest report, signaling ongoing weakness for the battered real estate market.
Home sales posted their sharpest drop in 18 years in March, a real estate group said Tuesday, as problems in the subprime mortgage sector pushed sales well below what economists had forecast.
Sales of new homes sank to the slowest pace in more than six years in February, with the government's latest reading on the battered real estate market showing the glut of homes on the market reached a 16-year high.
Sales of existing homes posted the biggest jump in nearly three years in February, though sellers got the gains the way Detroit automakers spur sales - by cutting prices.
Just as the struggling real estate market seems to be stabilizing, a fresh problem is brewing far from real estate offices or home construction sites: a jump in defaults by higher-risk borrowers.
I have some doubts about the integrity of my real estate agent. He said the standard commission rate was 7%. How can I find an honest agent? -- L.M. Georgia
It's official - even the nation's leading group of real estate agents now says it's a buyer's market in housing, as a soaring supply of homes for sale means nearly flat prices and longer waits for sellers.
Are homes still a good buy? Americans seem to think so -- they bought second homes, both as vacation properties but especially for investment purposes, in record numbers last year.
Real estate brokers have tried to hold to their six percent commission.
All signs are pointing to a changing housing market. That means if you're selling your house by owner, you'll want to be even more market savvy.
Luxury homes sales soared across the United States in 2005, according to a report released Thursday by Coldwell Banker, one of the largest real estate brokers in the nation.
It was announced Tuesday that existing home sales fell for the fifth time in a row.
The pace of home sales slowed slightly in January, according to a trade group report Tuesday that showed a growing softness in the closely watched real estate market.
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