The median sales price plunged 11.3 percent from a year ago to $183,000, and sales of existing homes fell more than expected, a real estate trade group said.

The median sales price plunged 11.3 percent from a year ago to $183,000, and sales of existing homes fell more than expected, a real estate trade group said.

The prices of existing single-family homes prices fell 9 percent in the third quarter compared with the period a year ago, weighed down by foreclosure sales, a trade group report showed.

The prices of existing single-family homes prices fell 9 percent in the third quarter compared with the period a year ago, weighed down by foreclosure sales, a trade group report showed.

Home resales saw their highest monthly rise in five years in September, with the sales driven largely by bargain-basement prices on foreclosed homes.

Home resales saw their highest monthly rise in five years in September, with the sales driven largely by bargain-basement prices on foreclosed homes.

Pending home sales rose 7.4 percent from July to August, the National Association of Realtors said. It was a surprising piece of positive news for the battered housing market.

If you think the housing bailout bill will benefit only troubled homeowners, you may miss out on a windfall.

If you are ignoring the housing bailout bill because you think it benefits only troubled homeowners, you may miss out on a windfall.

Pending sales unexpectedly increased in April to the highest reading since October, but they remain more than 13 percent below a year ago, an industry group said.