Friday, October 24, 2008

The number of homeowners ensnared in the foreclosure crisis grew by more than 70 percent in the third quarter of 2008 compared with the same period in 2007, according to data released Thursday. One bright spot: Filings in September were actually down 12 percent from August.Read the full story:

Tuesday, October 14, 2008

To compensate for a drop in sales, many new home builders switched to the construction of smaller houses. That worked for a while, but to attract buyers now, they're cutting square footage even more.Read the full story:

Wednesday, October 08, 2008

Pending home sales surged 7.4 percent, according to NAR's latest Pending Home Sales Index, and the number is 8.8 percent higher year-over-year. Lawrence Yun, NAR chief economist, says homebuyers were responding to improved affordability, especially in states such as Florida, California, Nevada, Arizona and Rhode Island.Read the full story: