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Sales of Existing Homes Pick Up Pace in April

The median price for an existing home jumped 10 percent from a year earlier, to $177,400, but distressed sales were still high at 28 percent.

Home resales rise, boding well for economy

WASHINGTON (Reuters) - The pace of sales for existing homes in April rose to its fastest in nearly two years and a falloff in foreclosures helped cause an unexpected jump in prices, hopeful signs for the country's economic recovery. Home resales increased 3.4 percent to an annual rate of 4.62 million units last month, the National Association of Realtors said on Tuesday. Housing has been one of ...

Foreclosures reach lowest level since 2007

Foreclosures are falling nationally, and "short sales" could help speed the housing recovery

Home Sales Jump as Number of Foreclosures Drops

April housing numbers released by the National Association of Realtors were, wait for it … good. Spring is traditionally a busy season for home sales, but the real estate market has been in such a slump for the past couple of years that “ordinary” good news comes as something of a surprise.

Shilling on U.S. Home Market, Prices, Foreclosures

May 22 (Bloomberg) -- Gary Shilling, president of A. Gary Shilling & Co., talks about the outlook for the U.S. housing market. Sales of existing U.S. homes rose in April, driven by broad-based gains in demand.