U.S. News & World Report - Although the ongoing real estate bust has created a painful environment for home sellers, plunging property values and low interest rates are handing would-be buyers plenty of opportunities. A National Association of Realtors index, which takes into account home prices, mortgage rates, and incomes, indicates that today’s real estate […]

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BusinessWeek Online - Across the nation, once-quiet farming villages and industrial towns were transformed over the past decade into boomtowns. Their rapid growth was fueled by cheap land, nearby job centers, easy transportation, and a steady influx of homebuyers seeking large spaces at affordable prices.
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AFP - President Barack Obama’s administration will Tuesday unveil a new plan for the frozen banking sector including at least 50 billion dollars to shore up the housing market, officials said Sunday.

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Palm Beach County’s building division will be closed on Fridays and its employees will work no more than 32 hours a week as a result of the stalled housing market, county administrators said this afternoon.
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Government and Reserve Bank gaining traction as they try to strengthen the housing market.
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Officials will mark the opening of Father Joe’s Villages “16th and Market” housing project in downtown San Diego with a ribbon-cutting ceremony on Wednesday. The East Village high-rise will provide affordable and workforce housing for 136 families.
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AP - A federal regulator on Wednesday urged more than 800 thrift institutions to suspend all foreclosures while the Obama administration develops plans to keep borrowers in their homes.
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RANCHO MIRAGE - The chief economist for the National Association of Realtors said a home buyer tax credit in the proposed stimulus bill will help in a housing turn around that could begin as early as this summer.
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