Existing home sales adult 6.5% as housing recovers

Existing home sales rose 6.5% in July, reaching their top turn in scarcely 4 years, a National Association of Realtors pronounced Wednesday. Homes sole during a 5.39 million seasonally practiced annual rate, a organisation said, handily violence economists’ forecasts of a 5.15 million sales pace. The sales rate was adult 17% from a same month […]

July existing-home sales strech four-year high

“The distance of a boost was a surprise,” given a series of people requesting for mortgages has forsaken neatly given rates began to arise in early June, pronounced Patrick Newport, an economist during IHS Global Insight. Sales are expected to “plunge” in Aug to equivalent July’s surge, he said. Mortgage rates have been rising usually […]

First-time buyers losing out as home sales rise

Existing-home sales fell 0.6% in Mar from February.(Photo: Kevork Djansezian, Getty Images) U.S. home prices have risen for 14 loyal months, though one set of buyers has been increasingly on a sidelines: first-time home buyers. In May, first-time buyers accounted for 28% of existing-home purchases, down from 34% a year before and 36% dual years […]

May home sales adult 4.2%; median cost adult 15.4%

A “Sale Pending” pointer is seen in front of a home in Miami.(Photo: Joe Raedle Getty Images) Existing home sales softened in May though a supply of homes for sale stays parsimonious — that isn’t good news for buyers, a National Association of Realtors pronounced Thursday. Total existent home sales increasing 4.2% to a seasonally […]

New home sales strongest in some-more than 2 years

New home sales in Nov rose to their tip spin given 2010. New-home sales rose in November, recording their strongest gait in some-more than 2 years, another pointer of alleviation in a housing market. The Census Bureau reported Thursday that sales of new homes rose to an annual rate of 377,000 in a month, adult […]