A slump in America’s housing market deepened in November, as buyers shunned both new and previously owned homes. At the same time, the median prices for houses posted their steepest monthly drop in four decades, according to reports released Tuesday.
Sales of existing homes declined 8.6 percent last month, to a seasonally adjusted rate of 4.49 […]

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As foreclosures and layoffs force families out of their homes, school districts across the nation are struggling to deal with a dramatic influx of homeless children.
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AP - Mortgage law experts say the incentive to walk away from a home loan is highest in states that have anti-deficiency statutes, which prohibit lenders from suing borrowers for additional funds after foreclosure.
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BusinessWeek Online - Everyone is worried about the real estate market, whether it’s because they want to sell, buy, or want a sense of whether their homes will regain value. As proposals to help the housing market are debated in Washington, BusinessWeek turned to leading real estate experts for their reading of where housing is […]

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Over the past year, the collapse of the U.S. housing market has left many homeowners dazed. Their biggest asset is suddenly worth thousands, or even hundreds of thousands of dollars, less than it was worth just a couple of years ago. Where did all that money go?
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First is was the housing sales market, now the rental market is overwhelmed with too many houses and not enough renters.
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The financial and housing crises, along with a prolonged soft market, are converging to create a highly challenging environment for the U.S. insurance industry in 2009, says an industry think …
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AP - A record one in 10 American homeowners with a mortgage were either at least a month behind on their payments or in foreclosure at the end of September as the source of housing market pressure shifted from risky loans to the crumbling U.S. economy.

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