Nationally, the home-buying season was a bust. March through August are typically the peak buying months in most of the country. But this time, Americans bought fewer new homes in that stretch than in any other six-month period since record-keeping began a half-century ago. And sales of previously occupied homes didn’t fare much better. They [...]
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November home sales soar 7.4 percent
WASHINGTON — Home resales surged last month to the highest level in nearly three years, reflecting an extraordinary level of federal support that has pulled the housing market back from the worst downturn since the Great Depression. Buyers were racing to complete their sales before the original expiration date of a tax credit for first-time [...]
Home prices rise in most major cities in August
Home prices rose for the third straight month in August, data Tuesday showed, a key sign for a broad and sustained housing recovery. The Standard & Poor’s/Case-Shiller home price index of 20 major cities climbed 1 percent from July to a seasonally adjusted reading of 144.5. While prices are down 11.4 percent from August a [...]
U.S. home sales beat forecast, rise 9.4 percent in September
Home resales rose in September to the highest level in more than two years, beating expectations, as buyers scrambled to complete their purchases before a tax credit for first-time owners expires. The National Association of Realtors said Friday that sales rose 9.4 percent to a seasonally adjusted annual rate of 5.57 million in September, from [...]
