homesales

Sold! Contracts to Buy Homes Jump to 2-Year High

Americans signed more contracts to buy previously occupied homes in May, matching the fastest pace in two years. The increase suggests home sales will rise this summer and the modest housing recovery will continue.

Home Sales Rose 4.3% in January: Is It Time to Buy?

The National Association of Realtors reported this week that sales of existing homes rose 4.3% in January, their third rise in four months. But there are other housing trends to consider that are much more telling than a modest uptick in sales.

New-Home Purchases Fall, 2011 Worst Ever for Sales

Fewer people bought new homes in December, making 2011 the worst sales year on record. The Commerce Department said Thursday new-home sales fell last month to a seasonally adjusted annual pace of 307,000. The pace is less than half the 700,000 that economists say must be sold in a healthy economy.

Home Sales Up at End of Dismal Year, Offering Hope

Home sales rose in December to the highest pace in nearly a year. The gain coincides with other signs that show the troubled housing market improved at the end of last year. Still, sales remain depressed and ended 2011 well below healthy levels.

New-Home Sales Up in Nov. But 2011 Figures Dismal

Americans bought slightly more new homes in November, but 2011 will likely end up as the worst year for sales in history. The Commerce Department says new-home sales rose 1.6 percent last month to a seasonally adjusted annual rate of 315,000. That's less than half the 700,000 new homes that economists say should be sold to sustain a healthy housing market.

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.

Housing Numbers Show Promise -- But Is It Real?

In a surprising twist, some of the best housing numbers in eight months surfaced Tuesday. We get a lot of real estate related questions from DailyFinance readers, so we checked in with AOL Real Estate Editor in Chief Laura Goldstein for some insight about what the latest data really means.

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.

New-Home Sales Fall to Record Low in February

The winter freeze cooled new home purchases to a 308,000-unit annualized rate. The figures show more troubling signs, and the four-month trend downward can't completely be blamed on the weather.