Daily Mail: World News - House prices have fallen by nearly £5,000 since the beginning of May - the biggest one-month drop since 1991.The Nationwide Building Society said prices had dropped by 2.5 per cent - equivalent to £1,200 a week - since April to an average of £173,583.
The […]

[Read more →]

ABC News - The foreclosure crisis is forcing homeowners to sell at bargain bin prices.

[Read more →]

WASHINGTON (AFP) - Americans are becoming increasingly worried about the struggling US economy as home sales remain stuck in a rut and as red hot oil prices stoke inflation fears, a flurry of reports showed on Tuesday.
The world’s largest economy has grown at a sluggish 0.6 percent pace, on an annualized basis, during the past […]

[Read more →]

AP - NEW YORK - U.S. home prices dropped at the sharpest rate in two decades during the first quarter, a closely watched index showed Tuesday, a somber indication that the housing slump continues to deepen.
Standard & Poor’s/Case-Shiller said its national home price index fell 14.1 percent in the first quarter compared with a year […]

[Read more →]

New York Times - On a recent Tuesday, thick ropes of rain slashed at the concrete and dripped off car tires in the parking lot of Harborview Terrace, a two-building public housing project on West 55th Street, between 10th and 11th Avenues. There was little indication that the forlorn lot, and the basketball court next […]

[Read more →]

Foreclosures have flooded North County’s housing market, and indicators show that the waters will be rising, not receding through the rest of the year.
Just as April’s sales data was the best in months and provided some encouragement for real estate agents, the month’s huge foreclosure numbers offered more ammunition to housing market bears who see […]

[Read more →]

The worsening housing recession and rising energy costs are real. U.S. stocks are falling extending the market’s biggest weekly retreat since February, on concern a worsening housing recession and rising energy costs will prolong the slump in corporate profits.
The homebuilders in S&P indexes to a sixth- straight decline after the National Association of Realtors said […]

[Read more →]

WASHINGTON - California Rep. Laura Richardson claimed Friday that her Sacramento, Calif., home was sold into foreclosure without her knowledge and contrary to an agreement with her lender.
She said she is like any other American suffering in the mortgage crisis and wants to testify to Congress about her experience as lawmakers craft a foreclosure-prevention bill.
In […]

[Read more →]