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Ahead of the Bell: Housing Starts (AP via Yahoo! Finance) Economy - Tuesday (Investor's Business Daily via Yahoo! News) Senators say have accord on housing rescue (Reuters via Yahoo! News) Area resident receives Alabama Home Builders Foundation scholarship (Clanton Advertiser) Housing woes lure back bold buyers (The Christian Science Monitor via Yahoo! News) April report shows 811 homes for sale in Cowlitz County (The Daily News) Home builders grow more pessimistic in May (USA Today)
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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.
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.
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).
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.
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.
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.