California Home Prices Decline 41 Percent on Foreclosures Bloomberg News California home prices dropped 41 percent last month from a year earlier, more than double the U.S. decline, as surging foreclosures drove down values, the California Association of Realtors said today. The median price for an existing...
REOs Dominate Many Markets Inman News The foreclosure market “is the housing market” in 2009, analysts at Deutsche Bank say in a new report that's skeptical about the effectiveness of the recently passed $787 billion stimulus bill to revive housing markets. The report warns of the lurking...