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Existing-Home Sales Rise 7.2%

Written on 21 Aug, 2009 at 7:42 in News | viewed 80 views times and users have made 0 comments so far

WASHINGTON — Existing-home sales rose to their highest level in nearly two years from June to July as cheaper prices and the availability of tax credits continued to entice buyers. Home resales rose more than expected, bouncing 7.2% — the highest... (Continue reading)

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Buyers Rush to Beat Tax Credit Deadline

Written on 17 Aug, 2009 at 18:59 in Blog, News | viewed 73 views times and users have made 0 comments so far

Real estate professionals report that first-time home buyers are flooding the sale market, pressed to finalize a deal before the federal government’s $8,000 tax credit offer expires on Nov. 30. Because mortgage approvals, residential inspections, and other steps in the... (Continue reading)

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Pending Sales of Existing Homes in U.S. Surge 3.6%

Written on 4 Aug, 2009 at 8:11 in News | viewed 77 views times and users have made 0 comments so far

Aug. 4 (Bloomberg) — The number of contracts to buy previously owned homes in the U.S. rose in June for a fifth straight month and exceeded economists’ forecasts, as lower prices and mortgage rates attracted buyers. The 3.6 percent gain in... (Continue reading)

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Sharp Rise in New U.S. Home Sales as Prices Fall

Written on 27 Jul, 2009 at 7:54 in Blog, News | viewed 65 views times and users have made 0 comments so far

 WASHINGTON (AP) — The government said Monday that new home sales in the United States rose by the largest amount in nearly eight years last month, in another sign the housing market was bouncing back from the worst downturn in... (Continue reading)

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Home prices drop, but at a slower rate

Written on 30 Jun, 2009 at 7:28 in News | viewed 70 views times and users have made 0 comments so far

S&P/Case-Shiller index down 18.1% year over year, but monthly drop narrows to 0.6% in April. By Les Christie, CNNMoney.com Last Updated: June 30, 2009: 9:44 AM ET NEW YORK (CNNMoney.com) — Home prices continued to tumble in April, falling 18.1% from a year... (Continue reading)

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Housing Foreclosures Fall in May

Written on 11 Jun, 2009 at 17:15 in News | viewed 60 views times and users have made 0 comments so far

Foreclosures declined 6 percent in May compared to April, but the number is still an increase of 18 percent compared to May 2008, reports RealtyTrac. “May foreclosure activity was the third-highest month on record, and marked the third straight month where... (Continue reading)

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Pending Home Sales Increase

Written on 2 Jun, 2009 at 17:19 in News | viewed 79 views times and users have made 0 comments so far

The Pending Home Sales Index, a forward-looking indicator based on contracts signed in April, rose 6.7 percent to 90.3 from a reading of 84.6 in March, and is 3.2 percent above April 2008 when it was 87.5. Lawrence Yun, NAR... (Continue reading)

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HOME SALES ROSE 2.9% in April 09

Written on 27 May, 2009 at 8:32 in News | viewed 75 views times and users have made 0 comments so far

WASHINGTON (Reuters) – Sales of existing homes in the United States rose 2.9 percent in April, according to an industry survey on Wednesday that supported views the three-year housing recession was near a bottom.   The National Association of Realtors said sales... (Continue reading)

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REAL ESTATE STABILIZATION

Written on 13 May, 2009 at 17:17 in News | viewed 69 views times and users have made 0 comments so far

Price Stabilization Is First Step to Recovery Home prices must stabilize before the broader economy can turn around, a panel of housing and economic experts said yesterday at a real estate summit hosted by the NATIONAL ASSOCIATION OF REALTORS® as... (Continue reading)

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Has Homes Bottomed Out?

Written on 27 Apr, 2009 at 20:23 in Blog, News | viewed 103 views times and users have made 0 comments so far

It looks like sales of new homes have finally bottomed out. The Commerce Department reported Friday that after hitting a record low in January – 74 percent lower than they were in July 2005 – new home sales rose in February... (Continue reading)

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