Regional Home Price Drop Possible
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U.S. housing industry economists on  Monday cautioned that rapid house price gains in some areas of  the country may not be sustainable.
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A third of first-time home buyers may cut their offer for a property at the last minute, a survey finds.
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The worst part of the housing market downturn may be over in California and how long it will weigh on the state's economy may be shorter than expected, according to a report released on Monday.
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The economy has slowed down. Gasoline prices hit new highs in early August. And the once-soaring housing sector is rapidly losing altitude, raising concerns it could drag the whole country into a recession.
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During the real estate boom, home prices in the Sun Valley area spiked almost as high as the peak of nearby Bald Mountain. The median home price is now about as high as San Francisco's.
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The local real estate market is showing signs of slowing down. There are more homes on the market in Greater Boston than at any time during the last five years, some properties -- especially the more expensive ones -- are taking longer to sell, and price reductions are becoming increasingly common. Meanwhile, sales of single-family homes across the state fell ...
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How to unload your property during a real estate downturn.
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Property prices are falling at rates not seen since the 1990s housing recession, surveyors warn.
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The downturn in the Massachusetts housing market gained momentum in August, with the median price of a single-family home falling 6.1 percent, to $352,000, and the number of sales down 21.6 percent from last year, the Massachusetts Association of Realtors said yesterday.
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Housing prices, slumping after a five-year boom, are projected to decline in half of the nation's metropolitan areas, with the Northeast, Florida and California among the areas hardest hit.
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A report of a surprise drop in regional factory activity suggested that the economy might be losing momentum faster than most economists expected.
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Is the housing slump really that bad? After all, the S&amp;P 500 last week fell more in a single day (3.5 percent) than home prices have fallen in the past year nationally (3.1 percent).
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Weakness in the U.S. housing market  showed no signs of abating through the end of 2006 as sales  slid in 40 states and prices dropped in metro regions with  major price gains in recent years, a real estate trade  association said on Thursday.
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A surprise drop in a regional factory   activity report on Thursday suggested that the U.S. economy may   be losing momentum faster than most economists anticipated,   stunning financial markets with the view that the Federal   Reserve may soon have to cut interest rates to avoid a   downturn.
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When the Washington area's housing market boomed at the turn of the century, so did local government spending. Now a cooler market is creating budget gaps in a region that until recently was spared leaner times.
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This year may be the first since 1991 with a 4 percent inflation rate. After years of running just under 3 percent, a 4 percent rate will be a shock, particularly since it won't apply to home prices.
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Weakness in the U.S. housing market showed no signs of abating through the end of 2006 as sales slid in 40 states and prices dropped in metro regions with major price gains in recent years, a real estate trade association said on Thursday.