PHILADELPHIA - Luxury-home builder Toll Brothers Inc. on Tuesday posted a second-quarter loss that was smaller than Wall Street expected, as a hefty write-down driven by joint ventures was offset by other income.
Shares of Toll Brothers rose 64 cents, or 3.1 percent, to $21.60.
Chief Executive Robert Toll said demand continues to be weak in […]

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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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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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Between 2000 and mid-2007, the median home price soared 64.9% to $229,200. The median income, meantime, rose just 16.6%. For would-be buyers, the math doesn’t work.
By Bankrate.com
One of the worst things about today’s real estate market is that there doesn’t seem to be any silver lining in that big black cloud.
Normally, you’d think dramatically falling […]

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Homeowners who bought into newly rising projects at just the wrong time have found themselves marooned in stalled, abandoned or largely unoccupied developments with little place to turn. strain on them and municipalities forced to pick up the pieces. Experts say it’s one of the least examined aspects of the housing downturn, and one that […]

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EGG HARBOR TOWNSHIP, N.J. - At the new community of Seapine Estates, street names like Sea Foam Drive and Shoreline Road are meant to evoke a feeling of coastal tranquility. Instead, the two dozen or so residents of this New Jersey Shore development, near Atlantic City, feel anything but peace. The Pennsylvania builder went bankrupt […]

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The housing downturn has got real estate agents, buyers and sellers changing their strategies.
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Investors Business Daily - Credit and housing market woes could trigger a “prolonged and severe” downturn, feared some Federal Reserve policymakers at their March 18 meeting, according to minutes released Tuesday.
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