existing home sales

Home Sales Plunge to Lowest Level Since 1999

The U.S. housing market is re-trenching, as existing home sales unexpectedly plunged 27.2% in July to a 3.83-million unit annual rate, as prospective home buyers shunned the market due to inadequate job growth and as purchase incentives declined following the end of the home buyer credit program. What%u2019s more, it%u2019s the lowest existing home sales level since 1999.

Home Buyer Credit Needed? Sales Fall Less Than Feared

Existing-home sales fell a less-than-predicted 5.1% in June to a 5.37-million-unit annual rate, as the number of people looking for houses declined after the federal home buyers tax credit ended this spring. Though the tax credit boosted sales, Congress appears unlikely to renew it.

When Will Real Estate Market Get Back to Normal?

Now that the home buyer tax credit program has expired, job growth and mortgage availability will likely be the key factors determining the rate of existing home sales, which unexpectedly dipped 2.2% in May to a 5.66 million unit pace.

April Home Sales Jump, But Tax Credit Is Ending

Aided by the home buyer tax credit, U.S. existing home sales jumped an unexpectedly large 7.6% in April. But is the real estate market strong enough to stand on its own now that the federal incentive has ended?

Existing Home Sales Soar in March

Boosted by the home buyer tax credit, existing home sales rose 6.8% in March to a 5.35-million-unit annualized rate, the National Association of Realtors said. What's more,home inventories dipped to an 8-month supply, down from an 8.5-month supply in February.

Existing Home Sales Plunged 16.7% in December

The nearly year-long, positive trend in the U.S. housing sector ended 2009 on a sour note, the National Association of Realtors says. Inventories also went in the wrong direction, as existing homes rose to a 7.2-month supply at the current sales pace, up from 6.5 months in November.

Existing-Home Sales Surge in November

The upward trend in U.S. home sales continued as existing home sales jumped to a greater than expected seasonally-adjusted annual rate of 6.54 million units, aided by attractive prices and the federal home-buyers tax credit.

Existing homes sales dip unexpectedly

Existing homes sales unexpectedly fell 2.7 percent in August to a seasonally adjusted 5.10-million unit annual rate, the National Association of...