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U.S. existing home sales race to more than 9-1/2-year high

U.S. home resales rose in October to their highest level in more than 9-1/2 years as homebuyers, buoyed by an improving labor market, took advantage of still-low mortgage rates to snatch up properties after many were shut out during the busy summer selling season. The jump in sales was further evidence of a pickup in

Housing Falters as Forecasters See U.S. Sales Dropping

The two-year-old U.S. housing recovery is faltering.  The Mortgage Bankers Association yesterday lowered its new and existing home sales forecast for 2014 to 5.28 million — a decrease of 4.1 percent that would be the first annual drop in four years. The industry group also cut its prediction on mortgage lending volume for purchases to

Sales of Existing Homes in U.S. Fall to Lowest Since 2012

 Purchases (ETSLTOTL) of previously owned homes in the U.S. declined in February to the lowest level since July 2012, a sign the industry may be slow to recover. Contract closings on existing properties fell 0.4 percent to a 4.6 million annual rate, matching the median projection in a Bloomberg survey, figures from the National Association