On Wednesday, the National Association of Realtors will report on existing home sales for January. Economists surveyed by Dow Jones Newswires think resales of 4.65 million homes were sold last month, up slightly from the annual rate of 4.61 million in December.
Data on new U.S. home sales are scheduled to be released Friday. The Commerce Department's report is expected to show new home sales increased 2.6% to an annual rate of 315,000 in January.
Consumers have been reluctant to buy homes. The obstacles include worries about income prospects, inability to get financing and the lack of a sufficient down payment.
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U.S. new home sales report feb 24 2012, home sales for January report feb 22 2012, home sales prices february 2012 For the latest updates PRESS CTR + D or visit Stock Market news Today
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