The Toledo Blade reports from Ohio. "Industry reports this year have indicated a slide in the national housing market and price drops in Michigan and Ohio. But the latest report paints a stark picture. Toledo ranked last out of 10 metropolitan areas in Ohio, according to the Office of Federal Housing Enterprise Oversight."

"'Prices are dropping. That's reality,' said Dan Lepkowski, a real estate agent in Toledo. 'It's been that way for a while and the Realtors that don't admit that aren't being straight.'"

"(Broker) Dan DiSalle, Jr. said stagnant home sales in the Toledo area mainly are in the move-up market, or houses $200,000 and up. 'My experience is in the move-up price ranges there is mostly an oversupply,' he said."

From ABC 13. "Drive down a lot of streets in the area and you'll see a lot of 'For Sale' signs and while Toledo has a glut of homes on the market, realtors say there is a silver lining. Rod Culler is a local realtor who deals with foreclosures. He says he's never had so much business. 'I've seen about a twenty percent increase,' he said."

The Detroit News from Michigan. "Stalled subdivisions are becoming an increasing part of the landscape across Metro Detroit amid a slumping housing market for single-family homes and condominiums, threatening increases in property values and quality of life for neighbors."

"'It's probably been the worst year I've ever seen in my life,' said (developer) Anthony Sorrentino. 'It's like the whole world completely stopped.'"

"In some half-finished subs where neighbors aren't moving in, blight is. Vandals and thieves have smashed windows and stripped copper pipes from the abandoned Taylor Meadows condominiums across from the house where Lightfoot lives. 'Ain't nobody there,' Christopher Lightfoot said."

"Frank Slavik lives on Tiara Lane in the Monroe Meadows subdivision on an unfinished cul-de-sac, where one lot is undeveloped, one house is being auctioned and another one sold for $209,000, about $100,000 less than what Slavik's home is worth, he said."

"Slavik said he has had difficulty refinancing his home. 'It's going to kill everyone's value on this street,' Slavik said. 'It drives me nuts.'"

ABC Newspapers from Minnesota. "The Port Riverwalk townhouse and condominium project on Coon Rapids Boulevard is on hold. The soft housing market at this time is the reason for Rottlund Homes pulling back from the planned 2007 start of the project, according to City Manager Matt Fulton."

"'The community will undoubtedly be disappointed by the failure to move forward, but I believe that everyone will appreciate the hesitation to start, given today’s very soft housing market,' Fulton said. 'They just can’t do it right now, given the current market conditions.'"

"According to Marc Nevinski, city community development director, the soft housing market is affecting many developers, not just Rottlund. 'The problem is that there is a huge amount of inventory out there that is not moving,' Nevinski said. 'Developers are selling off projects at huge discounts and walking away altogether.'"

The Forum from North Dakota. "It’s a homebuyer’s market in Fargo-Moorhead for two reasons. There are a lot of homes for sale and 30-year fixed-term mortgage rates have dropped below 6 percent. 'They are definitely going down with the uncertainty in the economy,' Dave Ouradnik, owner of Executive Mortgage Corp."

"The local housing market has been moving at a fast pace for several years in a row, said Mark Daniel, president of Coldwell Banker First Realty Encore, Fargo. The fastest home-sales market in Fargo-Moorhead occurred in 2003-2004, Daniel said."

"'We are not in a bad market,' Daniel said. 'We are in a corrective market. The market just needs a little breather and a little catch-up time.'"