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News
Housing OKs foreclosed-property bill, weighs rescue bill (AP via Yahoo! News) U.S. housing rebound is a long way off, industry leaders say (Dallas Morning News) Roseville allowing home builders to defer development fees (The Sacramento Bee) Housing inventory rises again in April (CNN Money) S.J. District 2: Planning commissioner leads pack in fundraising (San Jose Mercury News) National Association of Home Builders honors Atlanta's Ron Terwilliger (Atlanta Business Chronicle) Big home builders not so green, study finds (The Palm Beach Post) Vacant homes for sale reach a record 2.28 million (Richmond Times-Dispatch)
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The House on Thursday approved sending $15 billion to states to buy and fix up foreclosed property. The measure, passed 239-188, is part of a sweeping housing package Democrats are pushing to prevent more foreclosures and help homeowners and communities deal with the fallout from the mortgage meltdown.
Don't look for a rebound in the U.S. housing market this summer. Economists and housing industry leaders meeting in Dallas this week predict it will be very late 2008 or into 2009 before the battered home market begins to recover.
Single-family home builders in Roseville now can delay paying thousands of dollars in development fees, thanks to two new programs aimed at stimulating the local housing market.
The number of homes for sale was on the rise again in April, according to figures from Zip Realty, a California-based real estate broker.
Two unexpected turns have rocked the race to succeed Forrest Williams on the San Jose City Council: The candidate he initially endorsed dropped out, and home builders backed away from Coyote Valley development plans that had been the district's top issue.
The National Association of Home Builders has put Atlanta developer Ron Terwilliger in the National Housing Hall of Fame.
Americans may be trying to live greener these days, but none of the nation's biggest home builders has fully embraced sustainable design or construction, according to a study released Tuesday.
WASHINGTON -- The percentage of vacant homes for sale reached a record high in the first quarter, the government said yesterday. The Census Bureau reported that 2.9 percent of U.S. homes, excluding rental properties, were vacant and up for sale, compared with 2.8 percent in the fourth quarter of 2007. It was the highest quarterly number in data going back to 1956.