Troubles Hit Real Estate at High End
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There are signs that some high-end real estate developers are being hit by a slowdown.
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The latest data indicates that slowing home sales and the rising number of properties for sale is forcing more sellers to reduce prices in many locations across the country.
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The turmoil in the mortgage markets has incited a wave of legal tangles, as homeowners are suing lenders, lenders are suing banks, banks are suing loan specialists. And investors are suing everyone.
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Turmoil in credit and housing has obscured a rise in prices.
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Housing starts have been very high relative to the number of homes that builders are trying to sell.
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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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Even as foreclosures keep rising and overall sales continue to plummet, more expensive homes have staged a bit of a comeback in recent months.
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The supply of unsold properties on the market ballooned and prices declined compared with those a year earlier.
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Lenders are pulling deals for 100%-plus mortgages, leaving first-time buyers with a financial headache.
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A troubled company in the troubled housing sector.
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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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Ouch! The dollar's drop translates into rapidly rising rents for some residents of these 10 cities.
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Business & money: Change of emphasis to property development provokes outrage.
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More than a million homeowners could be at risk of serious financial difficulty in an economic slowdown, City regulator warns
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Two years ago, at the height of the housing boom, developers realized that hotel property had fallen out of favor. Residential property was worth more, and travelers weren't willing to pay top dollar to stay in fancy hotels.
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Real estate prices depend a lot on local conditions.
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Home prices have plunged by 10 percent or more in some parts of the United States and interest rates on mortgages are at enticing levels, but many potential buyers are waiting for prices to fall further.