home sales

Existing home sales fell in March as the economy's housing sector struggle continues.

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Americans bought fewer previously owned homesin March, a reminder that the housing market remains weak.

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The average rate on the 30-year fixed mortgage dropped near its all-time low this week, making home-buying and refinancing a bargain for those who can qualify.

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The news from the builders' front is a mixed bag. They are still not doing the new housing sales volume of former times, but they continue to show optimism that buyers will be coming back.

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Home prices have been falling in Jersey for the past 8 months, but new data indicates home sales in the Garden state have taken off like a rocket since the beginning of the year.

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It's not good news for home prices in New Jersey through most of 2012. Economists predict a downward trend, mostly due to foreclosures.

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Home sales rose in January to the highest pace in nearly two years, flashing signs of health ahead of the spring-buying season.

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Fewer people bought new homes in December. The decline made 2011 the worst year for new -homes sales on records dating back nearly half a century.

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The number of Americans who bought previously occupied homes rose last month. But the National Association of Realtors says it overstated about 3.5 million sales during and after the Great Recession, showing the housing market remains much weaker than previously thought.

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Americans bought slightly more new homes in October, a hopeful sign for the troubled housing market. But the median sales price fell to its lowest level of the year, and the overall sales pace is trailing last year's -- the worst in half a century.

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