Home prices in 20 U.S. metropolitan areas fell at a faster pace in May, indicating the three-year housing slump has not stabilized, a private survey showed Tuesday.
The S&P/Case-Shiller home-price index dropped 15.8 percent from a year earlier, the biggest decline since records began in 2001, after decreasing 15.2 percent in April. The gauge has fallen [...]

Home sales continued their slide in June, making the first half of 2008 the slowest housing market in more than 15 years, a Boston real estate publishing firm said today in its monthly housing report.
There were 4,663 sales of single-family homes last month, about a 15 percent decline from the number of sales transactions closed [...]

The real estate market in Chester County had mixed results in the first half of 2008.
Median home prices remained steady at $310,000, the highest in the five-county Philadelphia area and the same as its mid-mark in 2007.
Meanwhile, far fewer homes sold in the county during the period compared to the first half of 2007, and [...]

Homeowners are resorting to increasingly aggressive price cuts in an effort to sell their properties, with asking prices across England and Wales an average 4,000 less than they were a year ago as a new realism sets in across the housing market.
The average price is now 235,219, 2% less than last July, according to the [...]

The real estate market in the Beaver County region is far from stellar, but things here could be worse as the nation struggles with the worst housing slump since the Great Depression.
While home sales are down, prices are up in Beaver and western Allegheny counties for the first half of the year over the same [...]

A total of 921 single-family homes were sold last month in San Joaquin,CA, up from 859 in May, according to figures from the latest Coldwell Banker Grupe-TrendGraphix monthly sales report, based on Multiple Listing Service data.
That is the highest monthly tally of closed escrow sales in the county back through January 2002, the oldest data [...]

Bank of America CEO Ken Lewis on Wednesday defended the company’s recent acquisition of Countrywide Financial and expressed optimism the housing market would recover from its stubborn slump.
Lewis, speaking at a Los Angeles Town Hall meeting titled “Mending the Mortgage Market,” maintained Countrywide’s franchise and big customer base positioned BofA strongly when the housing market [...]

The Phoenix housing market showed modest changes across all measures for the start of the summer season, consistent with prior years. Inventory is down slightly at 1.8% from the previous month. Month-to-month sales did show a noticeable decline though June data revisions may close that gap somewhat. The median home price continued to drop, posting [...]

Even the lofty Manhattan real estate market is beginning to soften, according to reports released Wednesday by four of the city’s top real estate agencies.
Data from this year’s second quarter indicate two divergent trends; on a year-over-year basis, the volume of sales is down, while at the same time the average home price is rising.
“The [...]