Existing-Home Sales

VICTORIA, BRITISH COLUMBIA--(Marketwire - Nov. 2, 2009) - Based on forecasts released by the Canada Mortgage and Housing Corporation (CMHC), "The Victoria CMA will experience increases in both resale market transactions and new construction activity in 2010," said Travis Archibald, Senior Market Analyst. Low mortgage interest rates will continue to stimulate resale demand in 2010. After ...

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 2, 2009) - A tight resale market will lift new residential construction in 2010, according to the Canada Mortgage and Housing Corporation's (CMHC's) Housing Market Outlook Report published today. Total housing starts(1) in British Columbia will be in the range of 20,200 to 26,800 homes. A rebound in both single-detached and multi-family housing starts will bring the level of residential construction closer to, but still below, the ten-year ...

WASHINGTON, DC -- (MARKET WIRE) -- 11/02/09 -- Pending home sales rose again, marking eight consecutive monthly gains -- the longest streak since measurement began in 2001, according to the National Association of Realtors®. The Pending Home Sales Index,* a forward-looking indicator based on contracts signed in September, rose 6.1 percent to 110.1 from a reading of 103.8 in August, and is 21.2 percent higher than September 2008 when it stood at 90.9. The gain from a year ago is the largest annual increase on record, and the index is at the highest level since December 2006 when it was 112.8. Lawrence Yun, NAR chief economist, said the momentum is understandable. "What we're witnessing is a rush of first-time buyers trying to beat the expiration of the tax credit at the end of this month," he said. "Home values will stabilize sooner rather ...

HOUSTON, Oct. 29 /PRNewswire-FirstCall/ -- Stewart Information Services Corporation (NYSE: STC) reported the results of its operations for the quarter and nine months ended September 30, 2009 (dollar amounts are in millions, except per share figures): Third Quarter Nine Months 2009(a) 2008(b) 2009(a) 2008(b) Total revenues ...

KIRKLAND, WA -- (MARKET WIRE) -- 10/27/09 -- Market Leader, Inc. (NASDAQ: LEDR) today announced results for the third quarter ended September 30, 2009. Comparisons of Quarterly Results -- Revenue was $5.8 million in the third quarter compared to $5.9 million in the second quarter. -- Net loss of $3.2 million in the third quarter compared to net loss of $3.0 million in the second quarter. -- Adjusted EBITDA was a loss of $1.2 million in the third quarter, slightly less than the loss in the second quarter. -- The company used $0.8 million of cash in operations in the third quarter, compared to $1.1 million use of cash in the second quarter. -- Market Leader's cash position remained strong with $53.4 million in cash, cash equivalents and short-term investments. -- Revenue from the company's Vision ...