Bay County’s schools, economy and social fabric will feel the impact of Dow Chemical Co.’s decision to eliminate between 400 and 500 salaried jobs in the Midland area, local officials said Friday. “We have lots of Dow employees who live…
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The number of foreclosures in 2008 was the most Santa Barbara County has ever seen, and so far 2009 does not look to be much better.
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Housing will not look much better at the end of this year than it does now, but “we do expect ‘09 will be the bottom,” the chief economist for the National Association of Home Builders (NAHB) said recently.
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Fear, stringent mortgage rules cited for new climate that saw home sales drop to lowest rate since 1963
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New-home sales plummeted last year as builders struggled to unload a glut of houses, and the sales rate hit a record low, according to government data released yesterday.
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As the recession deepens and consumers cut back on spending, sales of new homes dropped to record lows closing out last year.
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A home on Portola Court in Los Altos sold for $1,150,000 on Jan. 12, 2009. Palo Alto Online’s real estate website features a listing of homes sold in Palo Alto and surrounding cities. Visit [http://www.paloaltoonline.com/real_estate/ PaloAltoOnline.com/real_estate] for a map of homes for sale, real estate stories, neighborhood guides, virtual tours and more. by PaloAltoOnline.com
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US sales of new homes dropped by 14.7% in December as the credit crisis has made home loans harder to get.
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US new home sales slid 14.7 percent in December to the lowest monthly level on record, capping a year that showed a 37.8 percent drop, the government said Thursday.
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NEW YORK, Jan 26 (Reuters) - Shares of home builders rose on Monday after a realtors’ group said the pace of sales of existing homes in the United States rose in December, knocking almost 12 percent of inventory off the market as buyers snapped up foreclosed homes at bargain-basement prices. The National Association of Realtors said the inventory of existing homes for sale fell to 3.68 million …
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