Homebuilder Confidence Reaches All-Time Low; New Sales Up while Used Sales Down
The National Association of Home Builders’ November housing market index, which gauges builders’ sentiments for home sales over the next six months, was 19. That matches October’s figure, the lowest reading since the index began in January 1995, and is 14 points lower than [...]

Baton Rouge Appraiser William D. Cobb Study Shows Riverside Estates Subdivision Pre & Post Hurricane Katrina Increases 24% 1/05 to 5/07
Accurate Valuations Home Appraisal Group Appraiser, William D. Cobb, in the Baton Rouge, Louisiana market, is pleased to announce a gain in average home prices within Riverside Estates Subdivision.  Based on data obtained from The [...]

OFHEO: U.S. house prices fall for first time in 13 years
Index tracks homes with mortgages under $417K
Thursday, November 29, 2007
Source: Inman News
House prices fell in 21 states during the third quarter, leading to the first quarterly decline in average U.S. home prices in 13 years, according to a government index that excludes transactions involving homes [...]

Good Expectations For The Local Baton Rouge Housing Market
Mayors across the country expect mounting foreclosures and falling home prices to depress economic growth.
Source: BY KEVIN G. HALL – Miami Herald
The nation’s mayors fear that rising numbers of bad home loans and falling home prices will depress economic growth in dozens of communities across the country [...]

Banks see delinquent loans rise 23.8%
FDIC says reserves not keeping pace
Source: Inman News

Wednesday, November 28, 2007
 
Inman News

Banks and savings institutions are boosting reserves and loan loss provisions at a pace not seen in decades, but the increases aren’t keeping up with a sharp rise in delinquent loans — particularly mortgages — federal regulators warned in [...]

Study: Rising foreclosures to hurt U.S. cities Study: Rising foreclosures to hurt U.S. cities
Mortgage mess seen curtailing consumer spending in 2008

The Associated Press
updated 7:07 a.m. CT, Tues., Nov. 27, 2007
DETROIT – Rising foreclosures will lead to billions of dollars in lost economic activity next year in major U.S. cities, but homeowners and financial institutions have [...]

Existing home sales fall for eighth month Existing home sales fall for eighth month
Median U.S. home price dropped by record amount in October

The Associated Press
updated 10:13 a.m. CT, Wed., Nov. 28, 2007

WASHINGTON – Sales of existing homes fell for the eighth consecutive month in October, with median home prices falling by a record amount. Analysts [...]

The Man Who’s Key To Your Tax Bills
Source
Behind the mystery of property values
11/21/07By Jesse Roman Email this story to a friend

Photo by Glenn Callahan. Tom Vickery in his Memorial building office.

As Tom Vickery is exploring the almost finished living room of a gargantuan new house at Spruce Peak in Stowe, something catches his [...]

AJC – It’s Time For The Government To Step In!
Published on: 11/26/07  Source: – Atlanta Journal Constitution
As the subprime meltdown continues, threatening Wall Street, Main Street and countless residential streets as well, consumer advocates are demanding federal intervention.
The scale of the problem is large and growing. Nationwide, foreclosures more than doubled in the past year, [...]