home sale

Home Purchases Up, but Earlier Sales Look Weaker

The number of Americans who bought previously occupied homes rose last month. But the National Association of Realtors says it overstated more than 3 million sales during and after the Great Recession, showing the housing market was weaker than previously thought.

Foreclosure Sales and Prices Plunged This Summer

Home sales tumbled this summer, and foreclosed properties bore the brunt of the pain. Sales of foreclosed homes plunged 31% from the year-ago period -- and 25% from the previous quarter. Prices for these properties also fell more than other homes.