New homes sell at slowest pace in 17 years
Government data show sales of new homes dropped sharply in August, falling to the slowest pace in 17 years. The average sales price fell by the largest amount on record, too. Link to the original Article
Home sales, prices plunge in August
A record decline in U.S. home prices in August attracted more buyers in some areas and led to a sizable decline in the number of unsold homes on the market. Link to the original Article
Existing home sales fall 2.2 percent
Sales of existing homes fell in August, but the number of unsold homes on the market also dropped sharply from the previous month’s record high. Link to the original Article
Property Values: What You Get for … $2 Million
A six-bedroom barn in Cedarville, N.Y.; a three-bedroom house in Bainbridge Island, Wash.; and a four-bedroom house in Sedona, Ariz. Link to the original Article
Home prices tumble 5.3 percent
U.S. home prices in July fell a record 5.3 percent compared with a year ago, a government agency said Tuesday, and have now receded to October 2005 levels. Link to the original Article
Red Tape: Millions at risk of foreclosure fraud
Interviews with legal aid offices and law enforcement officials around the nation indicate so-called ‘foreclosure rescue scams’ have spread like wildfire, nearly paralleling the downturn in the mortgage market. Link to the original Article
Bailout plan might not help real estate soon
Despite the Bush proposed rescue of the financial industry, it will do little to ease lending standards so more homebuyers can qualify for loans. Link to the original Article
Prepare for a quake? L.A.’s too busy
Readiness is easy to achieve but residents remain complacent. Officials seek effective ways to educate. …
For Buyers, Many Roadblocks
People are eager to buy in Manhattan, but are finding they must have near-perfect credit and much more cash on hand to satisfy lenders and co-op boards. Link to the original Article
Prepare for a quake? L.A.’s too busy
Readiness is easy to achieve but residents remain complacent. Officials seek effective ways to educate. …