Housing takes turn for the worse
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The housing market took a sharp turn for the worse in September as prices tumbled and sales of previously owned homes fell to a record low, battered by rising foreclosures and tighter lending standards.
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Rapid cooling of area real estate market compels superintendents, teachers to do more with less.
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House prices suffered their worst decline since at least 1987 in the second quarter from a year earlier as the housing downturn has deepened, according to the S&P/Case-Shiller U.S. National Home Price Index.
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More than two million subprime adjustable rate mortgages (ARMs) are poised to reset at much higher rates in coming months, worsening an already suffering housing market.
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Business & money: Hundreds of thousands of tenants are continuing to live in substandard housing for fear of being evicted if they complain, report says.
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About one-third of the nation's cities have less affordable housing than they had a year ago, according to a survey released Thursday.
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Housing starts fell to their lowest level in 12 years last month, while permits for new construction also declined, pointing to a further weakening of an already battered housing market.
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RIVERVIEW, Fla., Jan. 25 -- Piece by piece, as the economy has faltered and as the subprime mortgage crisis has taken hold, Ivan Toledo's grasp on his job, his house -- his entire middle-class life -- has come undone.
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A raucous debate over the shortage of cheap housing and the demolition of 4,500 public units is sweeping the city and likely to become more intense.
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The slump in the housing market has no quick fix  -  and it could expand into a full-blown recession
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The next victim of the housing bust might be you.
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While the monthly housing start numbers sagged for May, the ongoing slide in builders' sentiment is even more telling.
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Slowing real estate sales coupled with the subprime mortgage mess are two of the reasons some people say a recession is nigh.
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A program of the Department of Housing and Urban Development converts distressed public housing into mixed-income communities.
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Turning potential housing into inhabited homes is proving to be a major challenge for the city.
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WASHINGTON -- Construction of new homes plunged by a bigger-than-expected amount in September, reflecting the deepening troubles in housing.
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The next step in housing's multi-phase crisis could be downgrading the builders to junk status.