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House is built just in time to greet home show guests  Rome may not have been built in a day, but a 1,725-square-foot ranch house popped up in about that much time Monday at the Belle-Clair Fairgrounds. A crew of 15


Hempstead woman accused of mortgage fraud (Newsday)  Nassau detectives arrested a Hempstead woman yesterday for an alleged mortgage-fraud scam they said that would have bilked her husband of $35,000.read more...


Younger workers prove to be a hard sell (Reg Req'd)  ARLINGTON, Va. - Not everyone who works in Washington, D.C., is pining for lower mortgages, smaller property tax bills and shorter commutes.read more...


Home builders feel ethnic buyers' impact  Jonathan J. Higuera The Arizona Republic Mar. 8, 2006 12:00 AM As the size of the Valley's minority communities grow, their impact on home building and the real estate industry


Soil not the only thing drying up  Have mini-cookout on Memorial Day. Normally, any one of those things is enough to make it rain.via


Banks crack down on mortgage fraud (FT.com via Yahoo! News)   Banks are seeking to crack down on mortgage fraud as evidence mounts of a rise in the number of fraudulent borrowers. Abbey and Lloyds TSB are among the banks

December 31st, 2007

Home Sales Edge Up 0.4 Percent

“Inventory is still high and further reduction in prices may be required in some areas to induce buyers back into the market”

Sales of previously owned homes inched up in November but that didn’t change the overall bleak picture for an ailing housing industry that has been suffering through a painful slump.

The National Association of Realtors reported Monday that sales of existing single-family homes, condominiums and townhouses rose 0.4 percent in November from October, to a seasonally adjusted annual rate of 5 million units. Over the last 12 months, however, existing home sales have plunged 20 percent, underscoring the troubles in the housing sector. Read more



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