Reuters - Housing prices need to fall further to permit shell-shocked housing markets to stabilize and policy-makers should not interfere with that process, Treasury Secretary Henry Paulson said on Wednesday.
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Housing market watchers say recent optimism about a pick-up in home sales is premature, and that this spring will likely be another washout for the residential real estate market.
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AFP - WASHINGTON (AFP) - Home prices slumped 10.7 percent from a year ago in major US cities as more air came out of the housing bubble, according to a survey released Tuesday.
The Standard & Poor’s/Case-Shiller index of prices in 20 major cities showed steep declines in the major markets, especially those that benefited […]

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AP - NEW YORK - Home prices plunged by record levels in January from a year ago, with almost no major cities immune from the spiraling market. Analysts worried that even the usually reliable spring selling season would fall flat.
The closely watched Standard & Poor’s/Case-Shiller index of home prices in 20 cities fell nearly […]

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Housing market watchers say recent optimism about a pick-up in home sales is premature, and that this spring will likely be another washout for the residential real estate market.
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A new report says the housing market in South Florida is among the worst in the nation.
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South Florida’s housing market looks worse now than it did at the end of a brutal 2007.
With the slump staggering into a third year, buyers are having trouble getting home loans because lenders are tightening credit standards, and the surge of mortgage defaults and Foreclosures is adding to the glut of properties already for […]

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The Phoenix housing market has seen the third worst price decline over the past year, trailing only Las Vegas and Miami.
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