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 […]

Lean inventories reason behind tentative home sales

By Lucia Mutikani WASHINGTON | Wed Mar 27, 2013 2:16pm EDT WASHINGTON (Reuters) – Contracts to buy formerly owned U.S. homes fell in February, hold behind by a necessity of properties, though there is small to advise that a housing market’s liberation is stalling. The National Association of Realtors (NAR) on Wednesday pronounced a Pending […]

Wall Street Still Shopping for Retail Stocks

Nagel also expects a same-store sales expansion opening between Lowe’s and Home Depot narrow. As partial of an ongoing makeover, Lowe’s has sealed locations, cut jobs, streamlined a supply sequence and invested in stores. “I consider that bid is commencement to bear fruit for them,” pronounced Nagel. “You’re going to see that comp-gap narrow, we […]