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 [...]

The housing market crisis in south Florida was a “perfect storm” of oversupply, fraud, speculation, and tight credit, and it could take a couple of years for the Miami condo market to work through its oversupply, Miami Mayor Manny Diaz said on Wednesday.
Many Miami real estate developers “clearly” built more housing units than they should [...]

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. [...]

The United States is still suffering the worst housing market downturn since the Great Depression, but a slew of factors suggest the worst may soon be over.
Among the strongest signs that the the hard-hit sector could be recovering, home prices in many regions of the country are now falling at a slower rate, after two [...]

According to figures released June 25 by the U.S. Department of Housing and Urban development and the U.S. Census Bureau, 512,000 new single-family homes were sold in May of this year. That number is 2.5 percent below the figure for April and 40.3 percent below the number of homes sold in May 2007. In addition [...]

There’s good news and bad news in the Napa County real estate market.
The good news?
“First-time buyers can buy a home for significantly less than they could in 2005 or 2006,” said Realtor David Barker of Frank Howard Allen. “Some buyers priced out of the market can now buy.”
The bad news?
In the past 12 months, the [...]

Home sales contracts signed in June unexpectedly rose, boosting an index of pending sales to the highest level since October, though it was well below the year-ago level, a real estate trade group said on Thursday.
The National Association of Realtors said its Pending Home Sales Index, based on contracts signed in June, was up 5.3 [...]

An executive with the North Dakota Association of Realtors says North Dakota’s housing market is slowing but it’s still stable.
Executive Vice President Jill Beck says that on average, less than 1 percent of loans are defaulted in North Dakota, and houses are selling for roughly the same price they were a year ago.
Figures from the [...]

Bill Barnes, the new leader of the Bonita Springs-Estero Association of Realtors knows he is taking the helm in the midst of stormy economic times.
“It’s easy to guide a ship when the ocean is flat,” Barnes said. “We’re on the outer edges of a hurricane here.”
Barnes is a manager and developer of 13 different real [...]

At the start of the year, James M. Weichert, president and founder of Weichert, Realtors(R), one of the nation’s largest privately-held real estate companies, called upon Congress to take action to stimulate the struggling economy amid growing national concern.
Specifically, Weichert proposed a tax credit for home buyers to rejuvenate the slowing housing market. A little [...]