Existing home sales fell in August
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The pace of existing home sales fell sharply in August to a 5.5 million-unit annual rate while single-family home inventories grew to their highest level in 18 years, the National Association of Realtors said in a report on Tuesday.
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Existing US home sales fell in June, figures show, as the slowdown in the housing market continues.
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WASHINGTON - Sales of existing homes plunged a record amount in September while median home prices dropped by the largest amount in nearly a year, reflecting deepening problems in the troubled housing market.
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Sales of existing US homes fell 8% in September, the biggest decline in 16 years, a report shows.
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Prices of homes in 20 major U.S. metropolitan areas fell 4.4 percent for the 12 months through August.
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WASHINGTON - New-homes sales tumbled in August to their lowest level in seven years, a stark sign the credit crunch is aggravating an already painful housing slump.
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The bigger-than-expected decline in existing home sales came amid continuing turmoil in mortgage markets.
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US retail sales fell 0.3 percent in August, marking the third decline in the past five months, according to an estimate from the Commerce Department.
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The pace of existing home sales in  the United States fell a sharper-than-expected 4.1 percent in  July to their lowest level since January 2004 as the downturn  in the U.S. housing sector accelerated, the National  Association of Realtors said on Wednesday.
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U.S. retail sales posted a  larger-than-expected decline in August, a Commerce Department  report on Tuesday showed, but the drop was mostly confined to  the automotive sector.
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Home sales slowed and a key measure of prices fell for the first time in 11 years last month, spurred on by the biggest glut of new homes on the market in more than a decade, an industry group said today. The National Association of Realtors report on existing home sales showed that the median home price in August was $225,000, down 1.7 percent from a year earlier.
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In August, for the first time since 1995, housing prices slipped a bit from the previous August.
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Sales of new family homes in the US fell 8.3% in August to its slowest rate in more than seven years, figures show.
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Still, July&#39;s sales pace is the third-best ever, and far ahead of the rate at the same time last year. By Associated Press. WASHINGTON - Sales of previously owned homes declined in July but still posted their
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The pace of existing home sales in   the United States fell for a fifth straight month in August and   prices dropped from year-ago levels for the first time in 11   years, a U.S. realtors group said on Monday.
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Pending sales of previously owned homes plunged 12.2 percent in July and planned lay-offs by companies surged 85 percent in August due to turmoil in the subprime mortgage market, independent reports showed on Wednesday.
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The pace of sales of existing homes  in the United States fell 1.2 percent in May, roughly in line  with expectations, according to a report from the National  Association of Realtors said on Tuesday.