Flips and scams blamed in California housing decline
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CORONA, Calif  - Bhaviesh and Varsha Shah bought their dream home in a new development east of Los Angeles two years ago, planted flowers around an emerald lawn and picked out wicker furniture for sitting outside on cool afternoons.
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As the numbers keep getting worse, the housing industry feigns surprise and tries to put on a happy face.
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In a real-estate market in which homeowners have been flipping properties almost as quickly as they would stocks, eBay&#39;s getting in on the action.
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An Associated Press analysis of new census data provides insight into the reasons for the slumping housing market: Since 1990, homeowners have faced a growing gap between their incomes and the price of their homes.
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As mortgage defaults rise, more houses are being put up for auction -- and more people are seeing a chance to make big bucks. But there are risks
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Business & money: Â· Buyers renegotiate deal in face of tighter creditÂ· Housing sales fall for five successive months.
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Stock sinks after-hours after home builder scales back forecasts due to price rollbacks in Sin City. LOS ANGELES  - Pulte Homes Inc.
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Pending home sales fall, but also prove opportunity for long-term investors.
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Nearly one in four Californians say the cost of housing in their area could force them to move elsewhere in California or out of the state entirely, a new survey shows.
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More buyers are turning Palm Springs, Calif., which has long been considered a second-home haven, into a primary residence.
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House market trends are shifting away from a sellers' market and now favour buyers, new figures suggest.
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It started with subprime mortgages. Now owners of McMansions are defaulting, and the effects of the housing bust are beginning to ripple through the economy.
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Not everyone has suffered from the current housing slump. Exceptions include entrepreneurs with deep experience in real estate and those who have carved out a special niche.
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Don't believe talk that the worst of the real estate downturn is over. Too many funky loans are out there.
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Reports of suspected mortgage fraud have doubled since 2005, and government agencies say they cannot keep up.
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Home sales in Southern California sank to their lowest in nearly two decades in December as buyers were sidelined or dropped out of the market because they could not obtain mortgages, according to a report released on Tuesday.
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The next victim of the housing bust might be you.