WASHINGTON (Reuters) - Sales of previously owned U.S. homes slipped last month and the backlog of unsold properties hit a record high, according to data on Friday that suggested the market’s downturn still has a long way to run.
Home resales fell 1 percent in April to a 4.89 million-unit annual rate, the National Association of […]

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WASHINGTON (AFP) - The troubled US housing sector saw little relief in April as sales declined and prices fell further, creating a record glut of homes for sale, an industry group said Friday.
Sales of existing homes, the largest segment of the housing market, fell one percent in April from March to a seasonally adjusted annual […]

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BBC News - Sales of previously-owned US homes fell in April but not as much as had been feared, industry figures show.
The number of transactions during the month was 1% lower than in March to an annual rate of 4.89 million, said the National Association of Realtors (NER).
Down 17.5% on the year before, the estate […]

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WASHINGTON - U.S. home prices posted their sharpest first-quarter decline since the government began tracking the data 17 years ago.
The Washington-based Office of Federal Housing Enterprise Oversight said Thursday that home prices fell 3.1 percent in the first quarter compared with last year. The index also fell 1.7 percent from the fourth quarter of 2007 […]

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Reuters - Impac Mortgage Holdings Inc , a struggling mortgage lender, said it lost $2.05 billion in 2007, largely because of mounting credit losses tied to higher delinquencies and defaults as the housing market slumped.
The loss totaled $27.10 per share, and compared with a loss of $75.3 million, or $1.18 per share, in 2006, Impac […]

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AP - WASHINGTON - Profits from government-sponsored mortgage giants Fannie Mae and Freddie Mac, instead of taxpayers, would back up a home loan rescue for up to 500,000 strapped borrowers under a plan approved by a key Senate committee Tuesday to pull the nation out of a housing crisis.
Democrats and Republicans banded together to […]

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BusinessWeek Online - The housing market may be loosening up a bit, but the consumer mood is the darkest it has been since the Carter Administration, according to two economic reports released May 16.
U.S. housing starts rebounded 8.2%, to a 1.032 million-unit annual pace in April, from a revised 0.954 million rate in March (from […]

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Arizona is one of the states hit hardest by the housing slump.
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