AP - WASHINGTON - Sales of new homes plunged in March to the slowest pace in 16 1/2 years as a two-year housing downturn extended into the start of another spring sales season. The median price of a new home in March compared to a year ago fell at the fastest clip in 38 years.
Sales […]

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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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County’s home prices are taking a beating to start the year as foreclosures have overwhelmed the market, but some real estate agents see increased buyer interest in the otherwise gloomy market.
Banks have purchased nearly as many foreclosures in North County as have individuals buying homes over the last two months, according to reports from the […]

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When Raymond Zulueta went into default on his mortgage last year, he did what a lot of people do. He worried.
Raymond Zulueta, with his wife, Josey, and daughter, Amber, in front of their foreclosed home.
In a declining housing market, he owed more than the house was worth, and his mortgage payments, even on an interest-only […]

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NEW YORK (CNNMoney.com) — The granite countertop’s glory days might be over.
During the housing boom, updating a kitchen with high end materials like cherry wood cabinets and a Viking stove was a sure bet to boost a home’s value. Homeowners often recovered about 80% of the cost when the house was later sold.
But with so […]

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Some housing bubble news from Wall Street and Washington. CNN Money, “The new year picked up where 2007 left off, as sales of existing homes fell in January to the lowest level in nearly a decade, according to the National Association of Realtors. The reading was the lowest since the group began reporting annual sales […]

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The St Charles Journal reports from Missouri. “With the full results for 2007 in, St. Charles County evaded some of the more dramatic drops seen in other parts of the country in new home sales. ‘What those numbers are indicating is a logical slowdown in permits in the last two years as we are closing […]

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It’s Friday desk clearing time for this blogger. “While Harvard has not escaped price adjustments on its real estate values, the foreclosure rate continues to remain relatively low in comparison to its neighboring communities in northern Worcester County, according to local real estate brokers. ‘The houses that have gone under agreement have had fairly dramatic […]

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