2012
01.26

Sales of US New Homes Unexpectedly Decline in December
The median forecast in a Bloomberg News survey of economists called for a rate of 321000 home sales. Last year marked the worst year for the industry in records going back to 1963. The threat of further price declines may be dissuading some Americans …
Read more on BusinessWeek

Foreclosures keep pushing house prices lower
By John W. Schoen, Senior Producer The ongoing wave of foreclosures continues to drag home prices lower. Foreclosure-related properties, which made up roughly one in five home sales in the third quarter of last year, sold for an average 34 percent less …
Read more on msnbc.com

Related posts:

  1. Sales of new homes in U.S. sink to record low, pointing to housing market’s struggle to recover
  2. ‘Underwater’ mortgages, short sales, foreclosures weigh on region’s housing market
  3. Housing Sales and Prices Continue Trending Higher
  4. California housing market on rebound, data show
  5. County’s property tax revenue expected to decline as home prices sag

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