There’s a silver lining in San Diego’s slumping housing market: improved affordability.
The National Association of Home Builders yesterday ranked San Diego County as the nation’s 20th least affordable metro area, a major improvement from four years ago, when the region was ranked the most unaffordable market in the nation.
It was the best ranking San Diego [...]

Bay Area home prices plunged to a 53-month low in July as a brisk business in foreclosed properties depressed prices and buoyed sales volume, according to a real estate report released Tuesday.
The median price for both new and resale homes and condos stood at $470,000, down 29.3 percent from a year ago, according to MDA [...]

Sheriff’s sales — a key indicator of the mortgage crisis — have ballooned more than sixfold since 2003 in 10 metro counties, and another wave is expected

A national firm reports that Idaho foreclosures rose nearly 41 percent from June to July and 121 percent from the same period last year.
RealtyTrac’s market report ranked Idaho at the 15th highest rate of filings among U.S. states for the month of July. But a local bank officials says the foreclosure trend isn’t as bad [...]

Billionaire businessman Donald Trump is offering to rescue TV personality Ed McMahon from foreclosure on his multimillion dollar Beverly Hills home.
“There are discussions, but it is not a done deal yet. We are optimistic,” McMahon’s spokesman Howard Bragman told Reuters on Friday.
Trump, a real estate developer and celebrity host of TV reality show “The Apprentice,” [...]

The good news in the worst housing slump since the Great Depression is that the real estate market in Cleveland is recovering. That’s also the bad news.
The Cleveland area led the nation for home price gains in April and May with an 18 percent jump in the lowest price tier of the S&P/Case-Shiller home price [...]

As voters across the country prepare to head to the polls in November, questions about subprime lending and the solutions to our current housing troubles are coming to the top of the nation’s mind. Do these plans make sense? Are they feasible? Who will pay for them? What will be their long-term consequences?

Fighting Foreclosure
Obama wants [...]

Americans are struggling to cope with the fastest rise in the cost of living for 17 years as one in every 464 US households face the real risk of losing their homes, two sets of data showed today.
Official inflation statistics published by Washington’s Labour Department showed that consumer prices rose by 0.8 per cent in [...]

One dollar can get you a large soda at McDonald’s, a used VHS movie at 7-Eleven or a house in Detroit.
The fact that a home on the city’s east side was listed for $1 recently shows how depressed the real estate market has become in one of America’s poorest big cities.
And it still took 19 [...]

There’s finally some good news on the residential real estate market: July’s pending home sales are up 6.2 percent from the same month a year earlier – the first time in two and a half years that housing statistics have posted a year-over-year increase.
But there’s an important proviso behind the new numbers, announced Tuesday morning. [...]