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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 ...

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.

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.

April housing starts, permits up more than forecast (Reuters via Yahoo! News)
Construction starts on new U.S. homes rose by a surprisingly strong 8.2 percent in April and applications for new building permits turned up for the first time in five months, the Commerce Department said on Friday in a report showing that the hard-hit housing sector still had some spring vigor.

CREA reports record number of new MLS residential listing in April (Canadian Business)
Eric Shackleton, The Canadian Press May 14, 2008 - 5:51 p.m. 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.

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.

Home Builders group gathers, has auction (The Index-Journal)
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.

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.

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.

Ahead of the Bell: Housing Starts (AP via Yahoo! Finance)
A government report on new-home construction and building permit applications for April is forecast to show further declines as the housing sector continues to sag.

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.

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 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 ...