Home prices across the state will continue to drop next year, even as sales, spurred by the low prices on foreclosed properties, will keep rising in 2009, according to a California Assn. of Realtors forecast slated to be released today.
Doubts about the stability of the nation’s financial markets are likely to linger through the middle [...]

Although the number of residential properties on the market has decreased slightly over the past year, the Ottawa Real Estate Board says prices remain strong.
Members of the board sold 1,390 residential properties in July through the board’s Multiple Listing Service system compared with 1,451 in July 2007, a decrease of 4.2 per cent. There were [...]

Construction of new homes in the United States saw a surprise rebound in June, rising 9.1 per cent to an annualized pace of 1.066 million units, the Commerce Department reported.
The figure was well above the Wall Street estimate of 960,000 units and a positive sign for the ailing real estate market.
Despite the monthly rise, the [...]

The director of the Montana Department of Revenue said wise mortgage decisions and a relatively strong economy have largely kept the state’s housing market above national turmoil.
Dan Bucks said the agency is intensely focused on the issue as it prepares for a statewide reappraisal of property taxes.
Lawmakers are worried that the agency will not adequately [...]

With rising energy prices, falling nonfarm payrolls, a plunge in consumer confidence, and a host of other negative indicators, economists have plenty to worry about. Their biggest concern, however, continues to be the housing market. Yet there is finally a little hope that the worst may be over.
According to the S&P/Case-Shiller indices, housing prices are [...]