bloomberg.com - 1/26/2009
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Jan. 26 (Bloomberg) -- Sales of previously owned homes in the U.S. unexpectedly rose from a record low, propelled by the biggest slump in prices since the Great Depression as foreclosures surged. Purchases rose 6.5 percent to an annual rate of 4.74 million from 4.45 million in November that was ...
ajc.com - 1/27/2009
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ajc.com —
U.S. home sales rose a surprising 6.5 percent
from November to December - the largest percentage jump
in nearly seven years - fueled by lower mortgage rates and the lure of lower prices. With supply far outpacing demand and foreclosures flooding many ...
(more)
Home sales rise 6.5% in December
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U.S. Existing Home Sales Rise on Record Price Slump
Democratic Underground Latest Breaking News —
... from a record low, propelled by the biggest slump in prices since the Great Depression as foreclosures surged. Purchases rose 6.5 percent to an annual rate of 4.74 million from 4.45 million in November that was less than previously estimated, the National Association of Realtors said today in Washington. The median price dropped 15 percent from a year ago, the biggest decline since records began in 1968 and probably the biggest in seven decades, according to the group. Read more: http://www.bloomberg.com/apps/news?pid=20601087 ...
Housing resales jump on lower prices
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Housing resales jump on lower prices posted at 1:10 pm on January 27, 2009 by Ed Morrissey Send to a Friend | Share on Facebook | printer-friendly When the housing bubble popped, inflated home values created by government intervention in lending markets began to decline. Gloom-and-doom forecasts predicted a complete crash in values and homeowners losing their central investment. However, as most of us predicted, sales rebounded when housing found more realistic pricing: Sales of previously owned homes in the U.S. unexpectedly rose from a record low, propelled by the biggest slump in prices since the Great Depression as foreclosures ...
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