9 News reports from Colorado. "Neumann Homes, the builder of the Village at Harmony Park and three other local developments, has declared its intention to file for Chapter 11 bankruptcy. That is a big problem for Lori Hartman who lives at Harmony Park in Westminster. She recalls the day her problems began. 'We heard water dripping,' Hartman said. 'It was raw sewage in the light fixtures.'"

"Even the VP of the Harmony Park Homeowners Association, Glenn Potter, says he can't get his phone calls returned. 'They all want to build a house and get your money and after that, it's kind of your problem,' said Potter."

"There are several homes at Harmony Park that are only partially complete. Jena Sautter pointed at one of the homes across from her own. 'That house doesn't have a roof on it,' she said. 'Can it last through the winter without falling down completely?'"

The Arizona Republic. "Vacant homes are a big reason why Valley home prices are falling. At least one out of every three homes for sale across metropolitan Phoenix is empty, and owners are motivated to cut prices to sell."

"About 36 percent of the Valley homes posted on the Arizona Regional MLS are empty. That's almost 20,000 of the record 55,000 houses for sale now. And a growing number of vacant houses are owned by lenders that foreclosed on the properties and want to cut their losses by selling them quickly and often cheaply."

"'There's a whole collection of must-sell sellers in the Valley's housing market now,' said Jim Sexton, president of the Phoenix real-estate firm John Hall & Associates. 'It's a great time to buy, but sellers have a lot of competition now.'"

"These empty, bargain homes aren't clustered in just a few neighborhoods. According to the MLS, vacant homes for sale are scattered throughout most Valley neighborhoods."

"Home prices dropped in more than half of all Valley ZIP codes during the first eight months of this year, according to The Republic's recent Valley Home Values report."

"Existing home sales fell to 3,050 in September, the lowest monthly level for resales in several years. During August of this year, 4,240 existing homes changed hands."

"'There are a lot of people who have to sell now, ' said Brett Barry of Realty Executives. 'We tell our clients to drop their prices every 30 days because they have to compete with so many other motivated sellers.'"

"Sales of existing homes in Pinal County dropped to 625 in the third quarter of the year from 970 resales recorded in the second quarter of 2007. The same quarter in 2006 saw 850 sales of existing homes. Pinal experienced its record high in the third quarter of 2005 with 1,550 recorded resales."

"The median price has steadily eroded from $220,000 in fourth quarter 2005 to $200,000 in second quarter 2007, and $193,000 for the third quarter. The median price was $199,900 a year ago."

"The median price has steadily eroded from $220,000 in fourth quarter 2005 to $200,000 in second quarter 2007, and $193,000 for the third quarter. The median price was $199,900 a year ago."

"'Although affordability has improved, higher gasoline prices, more congested highways and limited employment opportunities continue to adversely impact the housing market in Pinal County,' said Jay Butler, director of Realty Studies at ASU."

The Arizona Daily Star. "With the real estate slowdown settling in, local real estate professionals have been diving into volunteer efforts for first-time home-buying programs."

"'It's a great time for buyers, especially first-time home-buyers because homes are a little bit more affordable than they were a year ago,' said Judy Lowe, president of the Tucson Association of Realtors MLS."

"Amado-Tellez, of Chicanos Por La Causa, said she's happy to see more real estate professionals taking an interest in first-time and lower-income home-buyers. That hasn't always been the case, she said."

"'I always can tell when things are slow because they start calling us,' she said, referring to real estate agents looking for program participants as clients. 'When things are really, really hot, they can't be bothered.'"

The Review Journal from Nevada. "The Bureau of Land Management is holding its next public land auction Thursday at the Clark County Government Center. A total of 167.5 acres in parcels will be available for sale under the Southern Nevada Public Land Management Act of 1998."

"The previous auction in March resulted in four parcels totaling 25 acres being sold for nearly $12.5 million, or roughly $500,000 an acre."

"Fewer than 100 people attended that auction, which was held at the BLM's Las Vegas field office. Past auctions have packed up to 2,000 people into venues such as Sam's Town Live and 500 into the Cashman Center Theater and the Clark County Government Center."

The Nevada Appeal. "Placer County is still accepting applications for residential building permits allocated by the Tahoe Regional Planning Agency for 2007."

"In another measure of the state’s slowdown in housing construction, nearly half the county’s share of about 50 residential building permits remain available."

"In recent years, heavy demand for the annual allocations have led planners to conduct a lottery among hopeful applicants. That’s not the case this year. The remaining 23 allocations are available on a first-come, first-served basis."

"Each year, the bistate planning agency decides how many new houses should be allocated and distributes them to local governments in the Basin: Placer and El Dorado counties in California, Douglas and Washoe counties in Nevada and the City of South Lake Tahoe. Any remaining unused 2007 allocations will be forfeited and returned to the Tahoe agency."