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Home prices - another record drop |
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Written by Webmaster
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Sunday, 02 November 2008 |
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More info...
Home prices fell in August for the 25th consecutive month and prices in 10 major markets plunged a record 17.7% year over year, according to a key index of real estate values released Tuesday.
Foreclosure filings spike 71%
The housing crisis still has a choke hold on America: In September, 81,312 homes were lost to foreclosure, according to a report released Thursday.
 Pay Day Loan U.S. weighing new mortgage plan
The government is expected to announce soon that it will devote up to $50 billion to directly address the source of the financial crisis: bad mortgages and millions of homeowners at risk of foreclosure.
 New home sales tick up 2.7%
Sales of newly constructed homes rose in September, according to the monthly report from the U.S. Census Bureau, inching up 2.7% from August to an annualized rate of 464,000.
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Last Updated ( Sunday, 02 November 2008 )
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