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 rose unexpectedly in April but remained near historically low levels, according to a key government report on the battered housing market.
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.
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 rose unexpectedly in April but remained near historically low levels, according to a key government report on the battered housing market.
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.
There are 98,000 people in New York, New Jersey, and Connecticut who wish Glenn Cohen would go away. They are the area's Realtors, and for the past three years the company that Cohen runs, Foxtons, has given them roughly $36 million worth of aggravation. With that sum, he has blanketed the region with advertising for his discount residential real estate brokerage, and he has no plans to stop. Foxtons ads are everywhere--television, radio, newspapers, billboards, buses, subways, hot dog-cart umbrellas, commuter ferries--all accusing Realtors who collect 6% commissions of overcharging for their services. "Overthrow the overpaid," screams one ad. This summer airplanes buzzed New Jersey beaches towing banners that read, beware of Sharks charging 6%.
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 could see an increase in the coming months, as the latest reading on the state of the battered U.S. real estate market from an industry trade group showed surprising strength.
The pace of existing home sales fell to a more than four-year low in June, according to the latest reading on the state of the battered real estate market, although year-over-year price comparison showed the first uptick in nearly a year.
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.
Existing home sales are likely to see more declines in coming months as a key reading of pending deals fell to nearly a six-year low in May, a real estate group said Tuesday.
Walking along a pier in Daytona Beach with their youngest grandson on a recent Saturday afternoon, Steve and Carol Daimler stopped to see what fish the locals were catching. The fishermen wowed 10-year-old David with a big flounder they'd just landed and photos of a 500-pound, nine-foot shark they'd once caught.
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
The wait for another set of housing sales numbers will keep investors on edge ahead of Thursday's U.S. stock open.
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.
San Diego: Since opening in October, The Point 92103, a 48-unit condo, had sold a meager two apartments. The developers cut the list price on a one bedroom from $349,000 to as low as $299,900 and l...
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.
Buying or selling a home is one of the biggest transactions you'll make. With over a million and a half brokers out there, it's not hard to find a broker, the challenge lies in finding a good one.
Say "goodbye" to appraisers -- and possibly real estate agents. At least that's the promise of Zillow.com, launched Wednesday, which is headed by the founder of Internet travel company Expedia.
Sales of new homes rose 2.9 percent in December, a government report showed Friday, exceeding Wall Street's estimates.
Sales of new homes tumbled 11 percent in November, the biggest drop in more than a decade, in another sign pointing to a slowdown in the nation's real estate market.
It's as though you'd found a new best friend. Your real estate broker chauffeurs you around town, hangs on your every word and takes pains to flatter your family at every turn.
Sales of new homes rose in September, according to a report released Thursday, although the overall sales rate fell short of analysts' estimates.
New home sales posted a surprising jump in July, the government reported Wednesday, topping Wall Street forecasts a day after a separate report sparked worries that the best days were past for the nation's housing market.
Bonds erased gains Wednesday after a government report showing a jump in new home sales offset a disappointing durable goods release that had pushed yields lower in early trading.
Sell real estate for fun and profit. It sounds almost too easy. You drive around clients for a day or two. You show them several nice houses. Then -- boom -- hello fat commission.
Home sales hit a record high in April. And while it may be true that we're in a seller's market, you need still need to protect your greatest asset.
With their reams of data and tendency to speak in jargon, economists often seem to dwell in a parallel universe--one where the trials and tribulations of our daily financial lives barely register a...
Did you pay your real estate broker too much? The U.S. Department of Justice may be set to turn Tulsa, Okla. into a test-case for ending the stranglehold 6 percent commissions have over the real estate brokerage business.
I'm 28, single and make $66,000. I'm thinking of buying a house to save on taxes. What else can I do to pay as little tax as possible?
Salem, Ore. (CNN/Money) -A month ago my friend caught me off guard when she asked the seemingly simple question: "Should I buy a house?"
Homebuying hits high season in the spring as parents of school-age children rush to time their move with summer break.
New home sales tumbled 9.2 percent in January, the government reported Monday, coming in well below Wall Street forecasts, and economists expressed mixed opinions about what was next for the nation's housing market.
SALEM, Ore. (CNN/Money) - The Super Bowl may be the grand finale of football season, but in most markets it marks the beginning of prime home buying season.
Home sales slowed in December from the pace in November, but the sales of existing homes still set a new full-year mark in 2004, according to a report issued Tuesday.
Sales of new homes took the sharpest plunge in more than a decade in November, the second report in a week that raised questions about the strength of the nation's real estate market.
Successful real estate investors sometimes make what they do sound almost too easy. "Rentals freed me from ever having to get a job again," says Orlando Rodriguez, a 38-year-old San Antonio landlor...
The pace of new home sales edged slightly higher in October from the strong sales shown the previous month, according to a government report Wednesday.
Sales of existing homes were little changed in October, according to a trade group report Tuesday that showed the measure of the real estate market's strength came in basically in line with Wall Street expectations.
Online pornography has been lucrative for Dan Parisi. His adult website, the infamous www.whitehouse.com, attracts 2 million visitors a month and, he says, brings in revenue of more than $1 million...
As temperatures come down and holiday decorations go up, homebuyers and sellers in most parts of the country turn their attention away from real estate.
Homes sold at a faster pace in September, according to an industry report that showed the sales of existing homes coming in well above Wall Street expectations.
SALEM, Ore. (CNN/Money) -It's one thing to buy a house to call home. It's quite another to buy property with the sole purpose of turning around and reselling for a profit.
The pace of new home sales picked up in August, a government report showed Monday, as the closely watched reading of housing market strength came in stronger than Wall Street expected.
Sales of existing homes fell 2.9 percent in July, the National Association of Realtors reported Tuesday, a wider decline than Wall Street expected.
Sales of existing homes rose unexpectedly to a record pace in June, as home buyers shrugged off higher mortgage rates to easily top Wall Street expectations.
Sales of existing homes in the United States rose in May, an industry group reported Friday, coming in well ahead of economists' estimates.
New home sales jumped to a record high last month, the government said Thursday, the latest report of surprising strength in the housing market despite rising mortgage rates.
New home sales posted the biggest monthly drop in 10 years in April, coming in much weaker than economists had expected, as rising mortgage rates started biting into the nation's housing market.
BEND, Ore. (CNN/Money) -Houses don't just sell themselves, even in booming markets. In fact, owners and their real estate agents go to great lengths to show off a home's best qualities and downplay its imperfections.
Sales of existing homes in the United States soared in March to the second-highest level on record, a real estate group reported Tuesday, coming in well above economists' estimates in another strong report from the housing sector.
Did you know that 75 percent of all homebuyers use a real estate agent? This is according to the National Association of Realtors (NAR) and comes to about 6 million transactions a year.
Okay, real estate mavens, which property typically has a higher value: the old-fashioned single family home or a condo? The answer may surprise you.
The Census Bureau says home ownership is at record high with nearly 69 percent of all Americans owning their own home.
There are 98,000 people in New York, New Jersey, and Connecticut who wish Glenn Cohen would go away. They are the area's Realtors, and for the past three years the company that Cohen runs, Foxtons,...
Mitchell and Debbie Roschelle met in 1997, married in 1999 and had twin boys in 2000. So what did they do in 2001? They house hunted, of course.
YOUR REAL ESTATE QUESTIONS ANSWERED
Everyone's talking real estate these days, and it's no wonder why. With stocks down for three years, the outlook for bonds pretty poor and money markets paying next to nothing, Americans have taken...
THE STOCK MARKET'S STUCK IN THE BASEMENT. NO WONDER HOME IS WHERE OUR HEARTS (AND WALLETS) ARE THESE DAYS. WE'RE POURING MORE AND MORE OF OUR NET WORTH INTO HOUSING--AND TAKING MORE AND MORE OUT, T...
Think about the difference between a valuable piece of financial advice and a valuable financial strategy. Advice takes you from A to B; it's what helps you reach a light in the near distance. Stra...
You might say it takes a village to buy a home. A village populated by real estate agents, mortgage brokers, lawyers, appraisers and inspectors, all promising to guide you through the process with ...
You know the line about how you should never watch legislation or sausages being made? Well, add this past summer's messy Taxpayer Relief Act to the list. With Capitol Hill lawyers pulling all-nigh...
If you've been thinking about selling your home, you'll have good incentives to do so in '98: For starters, growth in home prices will continue to slow next year--the median home price will rise ju...
When low interest rates and a peppy economy boosted house prices 4.6% last year--more than 1 1/4 percentage points higher than the rise in the consumer price index--many American homeowners rejoice...
After a banner year for U.S. housing in '96, when home prices rose by an estimated 5.3%--roughly twice the inflation rate--and sales hit a near-record-high 5.2 million, 1997 will return to normal....
It's hard not to get nostalgic for 1993, when the 30-year fixed-rate mortgage took a world-class dive to a floor-scraping 6.7%. But listen up: Despite 1994's rate rise, today's 8.7% fixed is still ...
Sitting in the sparsely furnished living room of their three-bedroom rented apartment in Elk Grove Village, a middle-class town northwest of Chicago, Larry and Trish Harvey start joking about "silv...
Finally! After a three-year slump during which home prices in some cities fell 15% or more and selling a house sometimes took eight months to a year -- or more than twice as long as building one --...
With a parting shot aimed straight at home buyers' pocketbooks, outgoing U.S. Department of Housing and Urban Development Secretary Jack Kemp has issued new guidelines that could cost you thousands...
It's a great time to buy a house. Mortgage rates are the lowest since 1977. Prices in some regions are down from several years ago. There's a wide ! selection of homes for sale. So why are buyers l...
From California to New York's Long Island, this land is once again made for home buyers and sellers. You may not see strong evidence in the next sales statistics -- it takes 45 to 90 days for the d...
Natalie and Kevin Lancaster have come about as close as you can to legally stealing a house. Theirs is a newly built four-bedroom, 2 1/2-bath, 2,400- square-foot brick contemporary in the fast-grow...
Pearl Bramel, a 63-year-old retiree now living in her former weekend lake house in Livingston, Texas, never worried about saving for retirement. She counted on more than $250,000 of appreciation in...
Those escalating mortgage rates! They've heightened the anxiety of home buyers by making it more difficult to qualify for a loan. And they've depressed sellers by causing house prices to soften in ...
Many discouraged young people feel like giving up on the American dream of home ownership. Incomes in most areas aren't keeping pace with rising house prices. Lenders have tightened their mortgage-...
Many discouraged young people feel like giving up on the American dream of home ownership. Incomes in most areas aren't keeping pace with rising house prices. Lenders have tightened their mortgage-...
You didn't need the imaginative salesmanship of television's prevaricating car dealer Joe Isuzu to sell your house a few years ago. In 1985 and 1986, the robust economy and falling mortgage rates s...
There are two important comings of age in America,'' says George Sternlieb, director of the Rutgers University Center for Urban Policy Research. ''One is going from renter to owner. The other is tr...
AMERICANS are just crazy about their houses. We babble endlessly about them, reciting the virtues of our new trash compactor or recalling in a kind of rapture the stained-glass windows in that gorg...
To hear the developers and builders whine, you might assume think that Congress is about to outlaw owning investment property. True, real estate will lose some of its tax appeal as an investment: w...
Psst! Wanna hit it big in financial services? Then get into the mortgage business. Buying that home is probably the biggest single purchase Johnny Doe will ever make. Be the one to sell him his mor...
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