home sales

The Housing Bottom Is Here, Says Economist Russell Price

For nearly two years, economists and real estate experts have been on the lookout for the bottom of the housing market. That time is here, says Russell Price, a senior economist with Ameriprise Financial, a financial services company.

Is It the 'Best Time' Ever to Buy a Home?

If you're on the fence about whether or not it's the right time to buy a piece of real estate, one expert says there is no doubt about it. According to best-selling author Adam Leitman Bailey, "this is the best time in modern real estate history to be buying a home."

Week in Preview: Discover, Oracle and Tiffany Earnings

Oracle, Discover and Tiffany are all expected to report year-over-year growth for their most recent quarters this week. Meanwhile, many will be looking for an updated snapshot of the housing market, with three sets of real-estate data coming out.

Three Key Rules for Today's Housing Market

Some recent reports on the real estate market show home prices starting to stabilize in many areas. Other data suggests the housing market has further to fall. But whichever direction the national numbers are heading, there are few tenets that smart buyers and sellers should always follow.

Pending Home Sales Rebound Strongly

Aided by an improving job market and comparatively low mortgage rates, U.S. pending home sales surged a record 10.4% in October. Still, despite the good news, the latest new and existing home sales reports suggest a sluggish, uneven U.S. housing sector recovery, at least into early 2011.

Existing-Home Sales Slid 2.2% in October

Sales of existing homes were hit with their first monthly decline since July as October sales fell 2.2% to a seasonally adjusted 4.43 million-unit annual rate. However, the drop isn't too surprising, given the usual seasonal cooling of home sales in the fall.

Homebuilder Confidence Index Goes Nowhere

Technically, the home builder sentiment index inched one point higher to 16 in November, the National Association of Home Builders said Tuesday, but the gain was offset by a revised one-point dip in October%u2019s sentiment reading, and the numbers remain well below those seen during a healthy housing market.

Pending Home Sales Drop Points to Uneven Recovery

Pending home sales in the U.S. unexpectedly fell 1.8% in September, the National Association of Realtors reported Friday. It was the statistic's first decline in three months, and one that suggests that the housing sector's recovery is likely to remain uneven through at least early 2011.

The Bounce in Existing-Home Sales: Scant Progress

What should investors make of August's better-than-expected 7.6% rise? Not too much. Even though the 4.13 million-unit annual rate is an improvement from July's ugly 27.2% plunge, it's still the second-lowest month for existing-home sales in the past 15 years.

Housing Starts Show Unexpected Signs of Life

Housing starts unexpectedly surged 10.5% in August to a 598,000 seasonally-adjusted, annual rate, providing hope that the U.S. home building sector is stabilizing. However, economists caution that monthly housing starts data contain a margin of error and revisions can be large.

Week Ahead: Housing Data, Fed Meeting, Earnings

Housing data is in the financial spotlight this week, including housing starts and new and existing home sales in August. Also, homebuilder Lennar is expected to report a profitable third quarter.

The end of the McMansion era

American homes are shrinking, as people downsize their costs and lives. After years of growth, the Census Bureau says the average size of a new home...

Pending Sales for U.S. Homes Fell 2.6% in June

The U.S. housing market suffered another modest setback in June as pending sales of homes fell 2.6%, but less than the 3.7% consensus estimate. Still, pending sales are now 18.6% lower than the June 2009 figure.

Mixed News on Construction Spending

Boosted by the government's fiscal stimulus, construction spending unexpectedly rose 0.1% in June, the Commerce Department said. However, June's mild good news was offset by a large, downward revision to a 1% spending decline from a previously-announced 0.2% decline for May.

New-Home Sales Plunge by Whopping 33%

Sales plunged 33% to a record-low 300,000-unit annual rate, as the end of the homebuyer tax credit discouraged buyers. More broadly, the U.S. now faces a policy choice: Should it continue to rely on housing as an engine of growth?