real estate and housing news

Builders start to put homes with smaller floor plan on the market. Is it because the higher price or tougher financing? Or just simply because people are more realistic with their living space now?

It's no surprise that the existing home sale dropped again in August 2007. I think the key in this article is: "The fall in sales pushed the inventory of unsold homes to a record 4.58 million in August. That means it would take 10 months to exhaust the inventory of homes on the market at the August sales pace, also a record figure."

This is only the assumption that the unsold home inventory ...

In some markets, builders have started to slash prices up to 6 digit to clear up the inventory. What about the owners who purchased during the boom? It's definitely not a good feeling when seeing the new homes with the same floor plan are 50k or 60 lower than yours.

Construction of new homes has fallen in September and hit the 14 year low. The housing downturn will is likely to persist longer.

This is a tough market for home owners who try to sell their homes. This article shows some pointers for those who plan to sell their homes going the FSBO route.

The new home sale data sent a mixed message. The aggressive price cut by the new home builders might have contributed to the small upper trend of the new home sale.



Regionally last month, new-home sales increased 37.7% in the West and 0.5% in the South. Sales decreased 6.6% in the Northeast and 19.5% in the Midwest.

Have been thinking about buying a town? There is one for sale now!

The recent tax code change helps the homeowners who have experienced the natural disaster on their homes. The change helps the owners to use the insurance money more freely.

Some tips for getting a good deal on a new home in this slow market.

Desperate builders are sweetening deals on new homes in many of the biggest markets in the U.S.

Owners beware:

"The FBI expects more foreclosure scams as criminals prey on growing numbers of people desperate to keep their homes while interest rates balloon on adjustable rate mortgages."

The median price for a single-family home dropped 1.8 percent to $217,000. Sales of single-family homes plunged by the largest amount in 25 years.

Prices have fallen, but not by enough to make it possible for nurses, fireman or teachers to buy homes of their own says a new report.

More and more borrowers are watching their house values sink while the cost of their loans skyrockets. What to do? Skip out on the mortgage all together.

If your house won't move on the market, "Will Consider Exchanges." This might just work out for some homeowners. Developers are also unloading their new homes in this way.

The nation's foreclosure crisis has led to a painful irony for homeless people.

With home prices falling and families losing their homes to foreclosure, some people who under other circumstances would be looking to buy their first home now see greater security in renting.

This is a site that host a listing of homes for sale and for rent. Pretty easy to use.

The home price has been continuing to drop across the country. It probably won't stop until the foreclosure rate stabilize. In the meantime, the February sales of existing homes posted a surprising gain, which is probably due to the price drop.