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News
Economic Report: Home builders see no improvement in May (Market Watch) Sonoma County home sales rise for first time in two years (The Santa Rosa Press Democrat) Area resident receives Alabama Home Builders Foundation scholarship (Clanton Advertiser) Home Builders group gathers, has auction (The Index-Journal) Economy - Tuesday (Investor's Business Daily via Yahoo! News) Senators say have accord on housing rescue (Reuters via Yahoo! News) Homes for sale number rises to above 1m (Daily Telegraph) Housing woes lure back bold buyers (The Christian Science Monitor via Yahoo! News) Home builders grow more pessimistic in May (USA Today) Housing posts surprising rebound in April (AP via Yahoo! News) Brokers defend database rules in Columbia-area home listings (The State)
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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.
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.
MONTGOMERY - A Chilton County resident has been awarded a scholarship from the Alabama Home Builders Foundation, an arm of the Home Builders Association of Alabama (HBAA).
Lakelands Home Builders Association made donations to state Sen. Billy O’Dell’s election campaign, as well as to G. Frank Russell Career Center. From left, front row, are O’Dell (District 4), Robby Corley and Wayne Hannah. Back: Mark Nix and Chuck Graves.
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 ...
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.
More than one million unsold properties are on the market, as homeowners take the longest time on record to sell their homes.
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 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.
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.
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 ...