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Existing Home Sales Show Suprising Gain

Existing-home sales rose unexpectedly while inventory declined, led by a surge of sales in the West, according to the National Association of Realtors®. Existing-home sales – including single-family, townhomes, condominiums and co-ops – jumped 6.5 percent to a...

Economic Slump Dampens Pending Home Sales

After holding fairly stable for a year, pending home sales declined in the face of job losses and an eroding economy, according to the National Association of Realtors®. The Pending Home Sales Index, a forward-looking indicator based on contracts signed in November,...

Foreclosure Drop Under Way in Florida During January 2009

Florida foreclosures were down nearly 22 percent in January, to 10,007 from 12,786 in December. That mirrors a nationwide trend, according to the latest U.S. Foreclosure Index report from Sacramento, Calif.-based Foreclosures.com. It’s unclear whether this is a...