From The Life Of The Party To The Hangover

The Daily Camera reports from Colorado. "Tonja Ahijevych, a housing counseling coordinator for Boulder County, is on track to see a record number of residents seeking to avoid foreclosure this year. More than two dozen homes in Boulder County are listed as foreclosures and selling for more than $1...
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A Blanket Decline In California

The North County Times reports from California. "North County's housing market reversed course last month. A monthly housing report showed the sales boom of September and October had softened and prices plummeted at an alarming rate. The median price of a house in North County took an absolute...
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How Low Is Too Low?

It's Friday desk clearing time for this blogger. "The housing market is so bad that some banks and builders that had been business partners are now adversaries, and experts are using the dreaded 'D' word. Eugene James, head of the Atlanta division of the research company Metrostudy, said the 22...
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It's Like The Boom, Only Backwards

The News Press reports from Florida. "Lee County's housing market is overflowing with three-bedroom, two-bathroom homes and that's led to bargains on what was a much pricier commodity during the housing boom. There were 1,603 of them in Cape Coral and 1,814 in Lehigh - everything from upscale,...
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One Unintended Benefit In California

The San Francisco Chronicle reports from California. "The recession that has already devastated the Central Valley has started to hurt the Bay Area, causing job losses that will continue through 2009 when the economy should begin a slow and weak recovery, according to a bleak forecast issued today....
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The Promise Of Home Sweet Home Turned Sour

The Rocky Mountain News reports from Colorado. "It appears to be the worst November on record, said Gary Bauer, an independent broker who has Metrolist data on home sales going back almost 30 years. 'Until a couple of days ago, I thought we were at the bottom or close to the bottom,' he said. 'But...
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A Lot Of People Have Been Greedy In California

The Ventura County Star reports from California. "Brian Hill jokes about his uncanny timing. He finely calibrated the moment in the spring of 2006 at which he bought his $630,000 home on Thames River Drive at RiverPark in Oxnard. 'I think the value started dropping right after we put in the down...
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Some Little Real Estate Empires Are Crumbling

A report from the Oregonian. "Southeast Francesca Lane cuts up and around a hillside to reveal the boom-time promise of Happy Valley circa 2006. Young families rolled in to snap up $600,000, stone-fronted homes with Mount Hood views. Francesca Lane circa 2008 isn't dreamy any longer. One of every...
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The Consequences Of Devil-May-Care Lending

The Des Moines Register reports from Iowa. "Deb Baker believes she's one of about 31,600 Iowa homeowners whose mortgage is more than the home's value - a situation that could hinder her ability to refinance her unaffordable loan or to sell her home. 'You hate to lose what you put into your home,'...
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Today's Hit-And-Miss Parade

A report from Florida Today. "Conventional wisdom advises home sellers to examine recent sales of comparable homes in their area, and price their home in line with those selling prices. But today's market is anything but conventional. 'There's no pattern,' Realtor Cindy Kelley said of sales prices....
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