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News

Vacant homes for sale hit new record high (MSNBC)
The percentage of vacant homes for sale in the U.S. set a new record high in the first quarter of this year, the government said Monday.

Mortgage applications drop to 2008 low (USA Today)
Applications for home mortgages slumped last week to their lowest since December in another sign the housing market is far from recovery, according to data reported by an industry group Wednesday.

Big home builders not so green, study finds (The Palm Beach Post)
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.

Residential Web Site Grows Despite Absence of Big Names (The New York Sun)
Listings are increasing at ResidentialNYC.com eight months after its launch, even though two of the city's largest brokerage firms are not yet participating. The free Web site, which is funded by membership fees and is a competitor to the online classified listings of the New York Times, provides access to condos, co-ops, townhouses, and homes for sale and rent. With 5,000 listings from 75 ...

Vacant homes for sale reach a record 2.28 million (Richmond Times-Dispatch)
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.

National Association of Home Builders honors Atlanta's Ron Terwilliger (Atlanta Business Chronicle)
The National Association of Home Builders has put Atlanta developer Ron Terwilliger in the National Housing Hall of Fame.

Housing aid bills face vetoes by Pres. Bush (USA Today)
The House on Thursday passed a massive homeowner rescue plan to provide cheaper, government-backed mortgages to half a million debt-ridden borrowers and bolster an economy crippled by the housing crisis.

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.

House passes major housing rescue bill (Washington Post)
WASHINGTON (Reuters) - The U.S. House of Representatives on Thursday approved legislation to create a $300 billion mortgage-insurance fund and provide billions more in homeowner aid to stabilize a housing market shaken by a wave of foreclosures and a credit crunch.

U.S. House passes major housing rescue bill (Reuters via Yahoo! News)
The U.S. House of Representatives on Thursday approved a bill to create a $300 billion mortgage-insurance fund and provide billions more in homeowner aid to stabilize a housing market shaken by a wave of foreclosures.

Housing Woes Across The Pond (CBS News)
While the housing bubble continues to burst in the U.S., Britain's homeowners are also feeling the pinch. "Up to the Minute" Commentator Petrie Hosken discusses Britain's housing crisis.

Some provisions of housing rescue plan (San Jose Mercury News)
HOUSING RESCUE PLAN Some major provisions of the housing rescue bills in the House: FHA loans: Give the Federal Housing Administration $300 billion in new lending authority and relax its standards to provide affordable, fixed-rate mortgages.

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