Monthly Archives: June 2008

California home construction plunged 37 percent last month compared with year ago, as the glut of foreclosed homes and languishing real estate market dissuaded developers from breaking ground on new projects. Total housing starts slumped to 7,035 from May 2007 … Continue reading →

NEW YORK, June 23 (Reuters) – Record foreclosures and limited access to credit will make it harder than usual for the U.S. housing market to rebound from this slump, the worst since at least World War Two, according to a … Continue reading →

RIVERSIDE – Home sales in Riverside County jumped 4.1 percent in May, compared to the same month a year ago, but prices dipped by 28.6 percent, a real estate information service reported Monday.A total of 3,444 homes sold in May, … Continue reading →

LOS ANGELES: Foreclosures helped fuel the sharpest decline in California housing prices in at least 20 years last month, and that’s attracting an influx of first-time buyers who had been priced out of the market or were waiting for prices … Continue reading →

Home prices in some places in California are starting to approach those in states like Minnesota, thanks to a statewide price crash of 30 percent, according to figures released Wednesday. The state’s median price dropped in May to $339,000, down … Continue reading →