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News

Home builders grow more pessimistic in May (USA Today)
Home builder sentiment fell for the first time in four months in May, edging closer to the record low set in December, as market conditions continued to worsen, an industry group said Thursday.

Web site adds Orlando home info (Orlando Business Journal)
Roost.com on Tuesday announced it has added information on homes for sale in the Orlando and Tampa markets.

Senators say have accord on housing rescue (Reuters via Yahoo! News)
Leaders of the U.S. Senate Banking Committee said on Thursday they have agreed to the underpinnings of a housing rescue plan that will create a federal backstop for failing loans.

Futures add to gains on housing data (Reuters via Yahoo! News)
U.S. stock index futures added to gains on Friday on optimism about the housing market after the government said construction starts on new U.S. homes rose in April and applications for new building permits turned up for the first time in five months.

April report shows 811 homes for sale in Cowlitz County (The Daily News)
The number of Cowlitz County homes for sale in April reached its highest level in recent memory, but home sales have started rebounding after a slow start this year, according to a Northwest Multiple Listing Service report released Monday.

Dollar Declines Against Euro Before Housing, Sentiment Reports (Bloomberg.com)
May 16 (Bloomberg) -- The dollar fell for the first time in four days against the euro before reports that may show U.S. housing starts fell to a 17-year low and consumer confidence slumped to the weakest in 26 years.

Brokers defend database rules in Columbia-area home listings (The State)
A group of Columbia-area real estate brokers who control a vital database of homes for sale operate by unusual rules that can hurt consumers, federal regulators and some real estate agents said. The costly rules restrict membership of some smaller agencies that could save home sellers around $3,000 in commissions on the sale of an average-price Midlands home, critics said. The U.S. Department of ...

Home builders grow more pessimistic in May (USA Today)
Home builder sentiment fell for the first time in four months in May, edging closer to the record low set in December, as market conditions continued to worsen, an industry group said Thursday.

Sonoma County home sales rise for first time in two years (The Santa Rosa Press Democrat)
Home sales increased 13 percent in April, compared to a year ago. It marks the first year over year increase in home sales since September 2005. But prices are continuing to drop, falling 22 percent from a year ago.

Hidden Lake Receives Award from National Association of Home Builders (Business Wire via Yahoo! Finance)
RALEIGH, N.C.----Hidden Lake, a community near Wake Forest, N.C., has received the prestigious "Green Project of the Year" Award from the National Association of Home Builders. Representatives from Crescent Communities, the developer of Hidden Lake, accepted the award at a ceremony in New Orleans on Sunday.

Economy - Tuesday (Investor's Business Daily via Yahoo! News)
The median sales price in metro areas fell 7.7% vs. a year earlier to $196,300, the worst since records began in 1979, the Nat'l Assoc. of Realtors said. Soaring foreclosures have reduced the value of nearby properties, said NAR chief economist Lawrence Yun. Prices fell in 100 of 149 U.S. cities, led by Calif.'s Sacramento, San Bernardino and Riverside. Also, homes for sale rose by 40,000 in ...

US housing starts jump 8.2% in April (AFP via Yahoo! News)
US housing starts showed a surprisingly strong jump in April, signaling a glimmer of hope in the troubled housing market, government data showed Friday.

Economic Report: Home builders see no improvement in May (Market Watch)
U.S. home builders see no signs of improvement in the housing market after a disappointing start to the spring selling season, the National Association of Home Builders reports.

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