This week we are taking a look at sales from 2 years ago, 23 August 2008. The Xbox 360 was 2 years and 9 month old and the PlayStation 3 and Wii was released 1 year and 9 months ago. The Wii was outselling the –HD Twins– combined and the PlayStation 2 was selling on par with the –HD Twins.– Metal Gear Solid 4: Guns of Patriots (PS3)…   Read More

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Latest News: New Home Sales

New home sales up, but sales remain slow
For those seeking hope in the better-than-expected 23.6 percent jump in new home sales in June: it’s only one month’s data. Business – Marketing and Advertising – Salesmanship – Real estate – Employment.

New Home Sales Up, But Sales Remains Slow
New claims for jobless benefits rise sharply.

US home sales in record July slump
A record 27% slump in July home sales has intensified fears of a US double dip recessionFears intensified today that the US was heading for a double dip recession that could reverberate around the world after figures showed American home sales slumped twice as fast as expected last month to a 15-year low.The Dow Jones industrial average fell through the psychologically important 10,000 level and the FTSE 100 was also down sharply as global markets were rattled by news that sales of previously owned US homes dropped by a record 27.2% last month. The gloomy numbers intensified worries in the UK that it could be headed for its own double-dip after a stark warning to that effect from a Bank of England policymaker.In the latest of a slew of downbeat reports on the US economy, the National Association of Realtors said sales fell to an annual rate of 3.83m, the lowest level since May 1995. The pace of sales in June was also revised lower.The July drop dwarfed the 12% fall predicted by a Reuters poll of analysts. It pushed US government bond yields higher and the Dow Jones briefly fell through 10,000 before recovering a little to be down 108 points, or 1.1%, at 10,067 some 20 minutes after the data. The FTSE 100 closed down 79 points, or 1.5%, at 5156, having been sharply lower for most of the session after new BoE monetary policy committee member Martin Weale said in an interview with the Times that there was a risk of a double dip recession.On the foreign exchange markets the dollar fell against most other major currencies although it was still up against the pound which was hit by Weale’s double-dip comments. His warning and fears about the US economy left investors flocking to the safe-haven of bonds.

June New-Home Sales Down in West, Up Elsewhere
While sales of new homes rose 23.6 percent in June from the month before, the western states, which include Colorado, saw a 6.6 percent sales decline in June. More on Real Estate.

Home sales surge in June
WASHINGTON (Reuters) – Sales of new U.S. single-family homes rebounded strongly in June from the prior month’s record low, pushing the number of houses on the market to the lowest level in nearly 42 years..

New home sales surge in June
WASHINGTON (Reuters) – Sales of new U.S. single-family homes rebounded strongly in June from the prior month’s record low, government data showed on Monday, driving the number of houses on the market to their lowest level in nearly 42 years..

New Home Sales Jump From Record Low
Sales of new single-family homes surged nearly 24 percent last month to a seasonally adjusted annual pace of 330,000. But May’s number was revised downward to 267,000, the slowest pace on records dating back to 1963..

News Media

Sales of new homes fall 12.4% in July – Los Angeles Times (blog)
Sales of new homes unexpectedly sank 12.4% in July from the prior month, underscoring continued weakness in the housing market absent government stimulus. …

Stocks retreat further on home sales report – USA Today
The Dow Jones industrial average fell Wednesday following news that sales of new homes fell last month to the lowest level on record. …

Big Lots 2nd-quarter net income, sales climb – BusinessWeek
Sales rose more than 5 percent to $1.14 billion, up from $1.09 billion the previous year. Analysts surveyed by Thomson Reuters expected the chain to earn 47 …

American Eagle Up as Q2 EPS Meets Estimates Despite Sales Shortfall – Barron’s (blog)
Q2 sales were down 0.8% at $652 million, slightly below analysts' estimates for $654 million. The company had pre-announced revenue of $662 million on …

Medtronic Lowers Forecast on Weak Heart, Spine Sales – Bloomberg
Sales were weaker than expected across most divisions, suggesting concerns for the rest of the medical-device industry, said Larry Biegelsen, an analyst at …

Are slow housing sales always a bad thing– Hell no. – Forbes (blog)
The stock market plunged yesterday, driven largely by concerns over news of a 26% slowdown in the pace of home sales reported by the …

Twitter builds out sales team – Los Angeles Times (blog)
And it announced that it had recruited Brent Hill, Google's former head of financial services for the Midwest, to be director of sales for the same region …

Instant View: New home sales at record low in July – Reuters
NEW YORK (Reuters) – New US single-family home sales unexpectedly fell in July to set their slowest pace on record while prices were the lowest in more than …

Yields Fall to 18-Year Low in Savings Bonanza as Sales Soar: Canada Credit – Bloomberg
An industry report showed sales of existing homes tumbled in July, bolstering concern the US economy is faltering. Canada's two-year bond yielded 1.162 …

Trending News Articles

Old Spice Sales Double With YouTube Campaign
You know those YouTube videos with that manly Old Spice guy and his hilarious responses to Twitter fans– Of course you do. So does everybody, it seems, because Old Spice body wash sales have increased 107% in the past month in part thanks to that social media marketing campaign. We already published stats from video analytics company Visible Measures that made it clear that the Old Spice guy was…

AdFreak: Hey Old Spice haters, sales are up 107%
The applause for Old Spice’s incredible YouTube blitz thismonth hadn’t even died down when critics started panning the effort as ineffective.Rushingto judgment, some bloggers cited 52-week sales figures from before the videoresponses launched as a sign that Wieden + Kennedy’s efforts wereunderwhelming. Contrarians jumped on these early reports as a chance to bash clever socialmedia stunts in…

Motorola Earnings Point to Strong Smartphone Sales Ahead
Motorola Earnings Point to Strong Smartphone Sales Ahead http://su.pr/AUTzxQ

Motorola Shipped 2.7 Million Smartphones Last Quarter, Sales Down 6% YoY
Motorola has just announced its financial results for Q2 2010, reporting total sales of $5.4 billion, which is slightly below what it recorded in the same period last year. Earnings came in at $162 million or $0.07 per share, compared to GAAP earnings of $26 million or $0.01 per share in Q2 2009.Zooming in on its Mobile Devices unit, Motorola reported sales of $1.7 billion, down 6 percent…

Hearst’s Kaboodle Gets Into Social Commerce With Flash Sales Site PopPicks
Social shopping site Kaboodle, which was acquired by Hearst Interactive Group in 2007 for $30 million or so, is trying its hand at social commerce with new community-driven flash sales site PopPicks. PopPicks, which is members-only, partners with a retailer each week to feature a collection of products. The Kaboodle community is then invited to vote for the products they like best. After four…

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Good News for Short Sales and Foreclosed Homes
Have you heard the great news– Are you a Short Sale seller or was your home foreclosed on– You need to read this! Relief is on the way

HOUSING MARKET CONTINUES TO COLLAPSE- new home sales plunge view!
10-year chart of new home sales from Moody’s