Canada’s cooling real-estate sector is slowly moving toward a more balanced market, but there won’t be any bust like that seen in the U.S. following the subprime mortgage crisis, Scotiabank economist Adrienne Warren said Thursday following the release of several housing reports. “We have been anticipating lower …
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LOS ANGELES - More U.S. homeowners fell behind on mortgage payments last month, driving the number of homes facing foreclosure up 65 percent versus the same month last year and contributing to a deepening slide in home values, a research company said Tuesday.
Nationwide, 243,353 homes received at least one foreclosure-related filing in April, up 65 […]

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WASHINGTON (AFP) - In a further sign of the still-troubled US housing market, a survey Wednesday showed home foreclosure actions hit a fresh all-time high in April of 243,353.
The survey by the research firm RealtyTrac said the percentage of foreclosure actions — including default, auction sale notices and bank repossessions — rose four percent from […]

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A growing belief that property prices are falling is deterring both sellers and buyers, leaving UK housing-market conditions at their loosest since the mid-1990s, according to a survey published today.
Confidence in the outlook for house prices has plunged in the past month, the monthly report by the Royal Institution of Chartered Surveyors (Rics) shows.
Ninety-five per […]

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MSNBC - By Jane Hodges - Tool belts for hire as remodeling jobs ebb
Industry analysts predict no turnaround until 2009 at the earliest
Chris Morello, 33, worked nonstop during 2006 and 2007 as a remodeling contractor in the San Jose, Calif., area. His project pipeline was healthy as 2008 dawned: He’d taken on a $150,000 job […]

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AP - HORSHAM, Pa. - Luxury home builder Toll Brothers says preliminary results show homebuilding revenue fell 30 percent in its fiscal second quarter amid a weak spring selling season.
Horsham, Pa.-based Toll Brothers Inc. also says it expects to continue to face “challenging times” ahead, given soft conditions in most markets.
Second-quarter homebuilding revenue slid…
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Confidence in Britain’s housing market has sunk to its lowest level for more than 30 years, figures to be published today will reveal, as property prices continue to fall and mortgage lenders restrict home loan finance.
The Royal Institute of Chartered Surveyors (Rics) says that 95 per cent more surveyors reported a fall in house prices […]

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LOS ANGELES (Reuters) - A California man who has defaulted on nine homes and expects banks to foreclose on all of them, forcing him into bankruptcy, says he now considers it a mistake to have invested in the real estate market.
Shawn Forgaard, a 37-year-old software company project manager, bought one home for his family to […]

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