There's No ATM Left To Tap In California

The Pasadena Star News reports from California. "Two years ago, owning a three-bedroom craftsman home in Pasadena was a dream Arturo and Olga Avon could never hope to attain. Today, with the median home price lower than it has been for at least five years, the Pasadena couple - and many others like...
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The Ugly Scar That Is Slow To Fade In Florida

The St Petersburg Times reports from Florida. "What happens when big spenders with disposable income neither spend nor dispose? The area's high-end real estate market is finding out. Sales of million-dollar-plus homes in Hillsborough and Pinellas counties plunged 42 percent from 2006 to 2008, from...
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A Sea Change In The Way Americans Look At Housing

A report from the Northern Virginia Daily. "Penelope Saville worked three jobs for years to get her finances back in order after a divorce, all in the hopes of owning a home. Finally in 2006, her dream came true, and she purchased a home on Randolph Avenue. But it didn't take long for the dream to...
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An Elaborate Monument To The Folly Of The Boom Years

It's Friday desk clearing time for this blogger. "Sales in the decimated housing market may finally be bottoming, but don't expect home prices to stop dropping before mid-2010 at the earliest, analysts and economists say. Losses from the housing meltdown totaled $3.6 trillion at the end of 2008,...
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When Easy Credit And Booming Real Estate Busted

The Corvallis Gazette Times reports from Oregon. "Morrie and Colleen Slay didn’t want to sell their house. But after they both got laid off, the Albany residents fell behind on their payments. Faced with foreclosure, they discussed their options with a counselor and decided to put their modest...
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Everything's Driving Values In One Direction

It's a rare Saturday desk clearing for this blogger. "Record foreclosures hitting Orange County involve more than just newbie buyers who got in over their heads. Some housing watchers say evidence is mounting that even veteran homeowners got caught up in housing euphoria and now are paying for it....
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A Cleansing Of Sorts

The Grand Junction Daily Sentinel reports from Colorado. "Investors who plowed money into Valley Investments are hearing a deafening silence from the Grand Junction firm, which has been closed by a Denver court. The silence for those on the other side of the investments, 100 or more families who...
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