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News

Housing woes lure back bold buyers (The Christian Science Monitor via Yahoo! News)
The depressed housing market is now attracting buyers who look at boarded-up homes, rising foreclosures, and falling values and see, not disaster, but a rich opportunity.

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.

Housing posts surprising rebound in April (AP via Yahoo! News)
Construction of new homes posted the biggest increase in more than two years in April, a rare bit of good news in what has been the worst downturn in housing in more than two decades.

Home Builders Association endorses Lenthall, Ovitt and Arnold (The San Luis Obispo Tribune)
Supervisor candidates Jerry Lenthall, Harry Ovitt, and Debbie Arnold have won the endorsement of the Home Builders Association of the Central Coast in the June 3 election. Incumbents Ovitt and Lenthall and challenger Arnold “recognize that meeting the housing challenges of today and tomorrow requires balancing competing interests and making sure that we really plan for and meet the current and ...

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.

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 ...

Customer Service (Brandon Sun)
TORONTO - New listings of homes for sale on the Multiple Listing Service in major markets in Canada reached their highest level ever in April thanks to Toronto and Saskatoon, the Canadian Real Estate Association reported Wednesday.

Wow appeal: How to woo buyers in slow housing market (Deseret Morning News)
Pam Dreier Nebeker had hung the picture minutes earlier and the simple image had a startling effect.

Homes for sale number rises to above 1m (Daily Telegraph)
More than one million unsold properties are on the market, as homeowners take the longest time on record to sell their homes.

Senators reach deal on housing rescue: sources (Reuters via Yahoo! News)
Leaders of the Senate Banking Committee on Thursday reached a deal on a broad housing rescue plan in which Fannie Mae and Freddie Mac would support a federal mortgage insurance fund, two industry sources said.

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.

Demand for social housing 'to soar' (AFP via Yahoo! News)
The number of people on social housing waiting lists could rise by up to one million by 2010 because of the credit crunch, the Local Government Association warned Friday.

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