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News

Paulson: 'Inevitable' housing correction is hard to solve (USA Today)
The Bush administration is working on a number of fronts to combat the country's severe housing crisis but there is no simple solution to the problem, Treasury Secretary Henry Paulson said Monday.

THE Journal homemaker will return next Saturday after its usual Christmas and New Year break. (The Journal)
Next Saturday’s homemaker will see the launch of a new competition to win your mortgage or rent paid for six months, plus hundreds of homes for sale, property news and features, interiors ideas and gardening.

Stocks Drop as Housing Slump Spreads (Washington Post)
Stocks fell last week and were poised for their first fourth-quarter decline since 2000 after government reports on durable goods and unemployment reinforced speculation that the housing-market collapse will push the economy into recession.

Home builders elect new officers (Lawrence Journal-World)
The Lawrence Home Builders Association elected new officers for its board of directors during a meeting Jan. 3.

Atlanta Real Estate Website Launches New Home Search Technology & Design (PRWeb)
Realsourcebrokers.com has an unprecedented new home search tool that provides information on Atlanta homes for sale and homes sold. The search feature, called Market Watch, uses data from the First Multiple Listings Service to calculate market sales averages every time listings are displayed. It also displays the latest numbers on local homes for sale, sales pending, and homes sold within the ...

BUILDER Magazine's December Issue Helps Home Builders Rightsize in the New Year (PRWeb)
Home builders are combating market decline with building innovation and company reorganization, reveals BUILDER Magazine's December issue. (PRWeb Jan 3, 2008) Post Comment:Trackback URL: http://www.prweb.com/pingpr.php/U2luZy1JbnNlLUNyYXMtU2luZy1Mb3ZlLVplcm8=

Affordable Housing Investments Pay Off as Minnesota Leads Country With Highest Rate of Homeownership (Smart Growth Online)
The state leads the country with a 76.3-percent homeownership rate thanks largely to its investment of $1.6 billion over two years in affordable housing, said Minnesota Housing Finance Agency Commissioner Timothy E. Marx, counting among the aid recipients the nonprofit Hope Community organization, which has been working on transformation of the Phillips area, just south of downtown Minneapolis, ...

On the Rebound? (Daytona Beach News-Journal)
By JOE CREWS, Business Writer "Obviously, we all hope the market will get better," said Bob Razler, president of Orleans Home Builders' Florida division.

Crews Demolish Burned Ex-Naval Housing Buildings (WESH via Yahoo! News)
Work crews started to demolish the abandoned Naval housing buildings on Monday that burned down near the Orlando International Airport last week. The work will be going on until Friday. The Orlando Fire Department still doesn't know what caused the fire, because of the heavy damage where the fire started.

Getting buyers to bite (The Beacon News)
Realtors are not the only ones fighting for home buyers. Some home builders in the Fox Valley are showing that they, too, have what  it takes to lure buyers.

Home builders cheating victims again, some say (The Columbus Dispatch)
To the outrage of many of their victims, Stephen and Cathryn McCathern were released from prison in June 2006 more than three years early.

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