Existing-Home Sales Soften on Economic Volatility Nov 24, 2008 10:00AM

WASHINGTON, Nov. 24 /PRNewswire/ -- Existing-home sales declined on the heels of a strong gain in September as uncertainty and economic concerns increased in October, according to the National Association of Realtors(R). (Logo: http://www.newscom.com/cgi-bin/prnh/20080923/NARLOGO) Existing-home sales -- including single-family, townhomes, condominiums and co-ops -- fell 3.1 percent to a seasonally adjusted annual rate(1) of 4.98 million units in October from a downwardly revised pace of 5.14 million in September, and are 1.6 percent below the 5.06 million-unit level in October 2007. Lawrence Yun, NAR chief economist, said consumer hesitation is understandable. "Many potential home buyers appear to have withdrawn from the market due to the stock market collapse and deteriorating economic conditions," he said. "We have favorable affordability conditions, but we need more than that to give buyers with jobs the confidence they need. This is why a housing stimulus is so critical now to encourage more buyers to ...


U.S. Foreclosures Index: October Foreclosures Drop Dramatically to Near 2008 Lows Nov 10, 2008 06:00AM

SACRAMENTO, Calif.--(BUSINESS WIRE)-- Foreclosures fell for the second month in a row in October to nationwide lows not seen since last February, according to the latest U.S. Foreclosure Index from ForeclosureS.com. In this first post-election look at foreclosure numbers, October pre-foreclosure filings -- which can include notice of default and/or foreclosure auction -- were off more than 10% from August's highs, and nearly 7% from September's numbers. October numbers were down in about half of the states in the U.S. Foreclosure Index. Properties repossessed by lenders following foreclosure or REOs (bank-owned real estate) were down significantly in October, too -- off 22% from September's high to just 84,286 properties, the lowest monthly total since May, the U.S. Foreclosure Index shows. Property information specialists ForeclosureS.com bases its U.S. Foreclosure Index and comprehensive analysis of pre-foreclosure and foreclosure proceedings nationwide on the number of formal notices filed against a property during the ...


Pending Home Sales Down on Tight Credit and Economic Slowdown Nov 7, 2008 02:43PM

ORLANDO, Fla., Nov. 7 /PRNewswire/ -- Pending home sales fell on the heels of a strong gain a month earlier as credit tightened and economic conditions deteriorated, according to the National Association of Realtors(R). (Logo: http://www.newscom.com/cgi-bin/prnh/20080923/NARLOGO) The Pending Home Sales Index(1), a forward-looking indicator based on contracts signed in September, declined 4.6 percent to 89.2 from an upwardly revised reading of 93.5 in August, but is 1.6 percent higher than September 2007 when it stood at 87.8. Lawrence Yun, NAR chief economist, said pending sales have been above year-ago levels for two months in a row. "The month-to-month weakening in pending home sales is understandable, but because the index remains above year-ago levels it means we're still in a broad period of stabilization," he said. "Conditions remain mixed around the country, but markets that are showing annual sales gains include Long Island, N.Y.; Boston; Minneapolis; Denver and Washington, D.C ...


Pending Home Sales Down 4.6%, Versus The Consensus of Down 3.4% Nov 7, 2008 11:33AM

Pending Home Sales ...


Trading Radar for 11/07: GM (GM), Ford (F), Calpine (CPN) Report; Nonfarm Payrolls, Unemployment Rate for Oct., Pending Home Sales for Sept. Due Nov 6, 2008 02:25PM

The Trading Radar highlights key earnings and economic announcements for tomorrow's trading session:

Before Market Opens:
Economics:
8:30am ET
Nonfarm Payrolls for October - Street expects down 200K, compared to ...




Oct 31, 2008 10:02AM Economy and Election are Hot Topics as Realtors(R) Meet in Orlando
Oct 24, 2008 10:00AM Existing-Home Sales Rise on Improved Affordability
Oct 21, 2008 04:34PM Sterling Financial Corporation of Spokane, Washington, Announces Third-Quarter 2008 Earnings of $0.10 per Share
Oct 20, 2008 12:00PM Mortgage Money is out There for Buyers to Capitalize on Affordable Home Prices
Oct 8, 2008 10:00AM Pending Home Sales Up 7.4%, Versus the Consensus of a 1.3% Drop
Oct 8, 2008 10:00AM Pending Home Sales up Strongly
Oct 7, 2008 03:00PM Realtors(R) Rally In Orlando
Oct 7, 2008 02:32PM Trading Radar for 10/08: Costco (COST), Monsanto (MON), Ruby Tuesday (RT), Lindsay Corp. (LNN) Report; Pending Home Sales, Crude Inventories Due
Sep 12, 2008 04:17PM Top 10 News Items 9/8-9/12: Lehman Concerns Hit a Crescendo; WaMu, AIG, Merrill Worries Grow; GM Rises 20%
Sep 10, 2008 09:55AM David Moenning's Daily State of the Markets: 9/10
Sep 9, 2008 10:00AM Pending Home Sales Come in Down 3.2% versus the consensus of 1.5% drop
Sep 8, 2008 03:16PM Trading Radar for 9/9: VeriFone (PAY), Pep Boys (PBY), Oxford Industries (OXM) Report; Pending Home Sales, Wholesale Inventories for July Due
Aug 6, 2008 05:35PM Trading Radar for 8/7: Sirius (SIRI), Blockbuster (BBI), MF Global (MF), Crocs (CROX) Report; Initial Jobless Claims, Pending Home Sales for June Due
Jul 8, 2008 01:41PM Shares of Hovnanian (HOV) Jump 15%
Jul 8, 2008 10:02AM May Pending Home Sales Down 4.7%, Wholesale Inventories Up 0.8%
Jul 8, 2008 09:04AM David Moenning's Daily State of the Markets: 7/8
Jul 7, 2008 04:46PM Trading Radar 7/8: Alcoa (AA) Kicks Off the Earnings Season; Pending Home Sales, Wholesale Inventories, Consumer Credit for May Due
Jun 10, 2008 09:43AM David Moenning's Daily State of the Markets: 06/10
Jun 9, 2008 10:02AM Pending Home Sales for April Up 6.3%, vs. Consensus of Down 0.4%
May 7, 2008 10:01AM March Pending Home Sales down 1%, in-line with the consensus
May 6, 2008 05:30PM Trading Radar 5/7: Foster Wheeler (FWLT), Crocs (CROX), Transocean (RIG), Yamana (AUY) Report; Prelim. Productivity for Q1, Pending Home Sales and Consumer Credit for March Due
Apr 8, 2008 10:00AM Pending Home Sales Fall 1.9%, vs. Consensus of Down 1%
Apr 8, 2008 09:39AM David Moenning's Daily State of the Markets: 4/8
Apr 7, 2008 05:17PM Trading Radar 4/08: MSC Industrial (MSM) Reports Results; Pending Home Sales and FOMC Minutes Due
Mar 6, 2008 10:00AM Pending Home Sales 0.0%, versus the consensus of a 1% drop
Mar 6, 2008 09:54AM David Moenning's Daily State of the Markets: 3/06
Mar 5, 2008 05:23PM Trading Radar 3/06: Joy Global (JOYG), Marvell (MRVL) Report; Jobless Claims Due
Feb 7, 2008 10:01AM Pending Home Sales down 1.5%, versus the consensus of -1%
Feb 6, 2008 05:59PM Trading Radar 2/7: Aetna (AET), GlaxoSmithKline (GSK), PepsiCo (PEP) Report Results; Jobless Claims Due
Jan 8, 2008 10:01AM November Pending Home Sales fall 2.6%, versus the consensus of a 0.7% drop