Phoenix home resale market down 41% from last year, but up slightly from previous month.
Home Depot is offering a 10% discount this weekend to military personnel and veterans.
Low interest rates have led to a surge in mortgage refinancing applications last week.
One New Foreclosure Filing for every 1,122 U.S. Households.
Two of the largest home builders report [...]
Joshua Dorkin
Charles Feldman

Ted Karsch.





Real Estate Bubble Popping, Housing Starts and Building Permits Tumble
by Joshua Dorkin | November 17, 2006CNBC is reporting this morning that US Housing Starts declined in October 14.6% to the lowest level in 6 years, while building permits were down a whopping 6.29%. Guests on the network, James Wilson and Jan Hatzius (Goldman Sachs Economist), predicted that housing will be a drag on GDP in ‘07. Hatzius attributed [...]