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Snip! Nearly One-Fifth of Homes Have No Landline  By the end of the year one in five American households may well not have a home phone line. That��s the conclusion of a new report by Nielsen, which says that already 17 percent of homes rely entirely on cellphones .

U.S. Economy Faces `Fundamental Oversupply' of Homes, HUD Says  Sept. 17 -- The U.S. economy is suffering from a ``fundamental oversupply'' of homes and a glut of subprime mortgages scheduled to reset through 2010 that will continue to weigh on housing prices, Housing and Urban Development Secretary Steven Preston said.

NC county to buy flood-damaged homes  Mecklenburg County could spend more than $4 million to buy as many as 50 homes that suffered serious flood damage after Tropical Storm Fay and other storms. The Charlotte Observer reported Wednesday the voluntary program would be limited to homes damaged in floods on Aug. 27, after Fay drenched the Charlotte area, or Sept. 10. The homes also must be prone to future flooding. Melba Adams has one ...

Distressed homes are half of August sales  Just over 50 percent of the homes sold in August were dumped by desperate owners trying to avoid foreclosure or by banks that seized them from borrowers who fell behind on their mortgages.

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Housing construction plunges 6.2 pct. in August   Construction of new homes and apartments fell to the weakest pace in 17 years in August, far more than expected, but lower mortgage rates and tax credits have given builders some glimmer of hope of a possible rebound.

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Team notes: Dover due up for Chase contenders  NASCAR team reports as the Sprint Cup Series heads for the second round of its annual 10-race Chase to determine a series champion at Dover International Speedway:

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Look for stocks ready to grow  A key to successful investing is spotting winners early, so Kiplinger reports on things to watch for. Among them are out-of-favor blue chips, such as Target TGT, whose stock has been down lately. But because Target's fundamentals are sound, Kiplinger expects the stock to double as the economy improves. Other things to look for are sound companies in distressed industries, such as American ...

Homes sale down but steady  The real estate market in Lake Havasu City is still showing signs of improvement, albeit rather slowly. Although figures are still down from 2007, Lori Doerfler, President of the Lake Havasu City Association of Realtors, said things look to be leveling out.

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Galveston Institutes 'Look & See' Policy  GALVESTON -- Galveston residents and business owners who have been desperate to see what they have left can go back to the island city for a look, KPRC Local 2 reported Tuesday.

Inner city fire forces 8 people out of homes  A fire in Edmonton's inner city Tuesday morning forced eight people out of their homes. The fire, which was reported at 7:50 a.m., started in the attic of a multi-family house at 95th Street and 106A Avenue.