U.S. PENDING HOME SALES UP

The number of new sales contracts on existing homes jumped a seasonally adjusted 6.3 percent in December as buyers took advantage of lower mortgage rates and falling prices, the National Association of Realtors reported today. The pending home sales index rose 6.3...

HOME SALES RISE UNEXPECTEDLY

Sales of existing homes posted an unexpected increase last month after six straight months of decline, according to the National Association of Realtors (NAR). NAR reported that sales of existing homes rose by 2.9 percent in February to a seasonally adjusted annual...

HOLIDAY HOME-PRICE TRIMMING

Thanks to a nationwide housing slump that is keeping homes on the market longer, many sellers are trimming prices this winter in hopes of landing a sale. According to a National Association of Realtors survey, almost 60 percent of recent U.S. homesellers said they had...