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Sales up, prices down as foreclosures flood Southern California home market  Repossessed properties will soon account for more than half of all sales, experts predict. So many foreclosed homes are for sale in Southern California that these distressed properties will soon dominate the market, forcing prices down even further.

Finishing touches: Read Street neighborhood to get nine new homes  The last stretch of vacant real estate on Read Street will have nine houses by next summer, 14 years after neighbors and the city began revitalizing the once troubled area. The Benedict-Allen Community Development Corporation is leading the $1.4 million project that will put six affordable homes and three market-rate homes on Francis Fair Court ��� named for the late Rev. Edward Francis and ...

First-time buyers need a break - ReMax  Real estate group ReMax has called for a serious review of property laws to stimulate the market and encourage first-time buyers.

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 .

Washington Mutual is for sale: sources  NEW YORK Reuters - Washington Mutual Inc WM.N, the giant U.S. savings and loan beleaguered by mortgage losses, has put itself up for sale, sources familiar with the matter said on Wednesday.

Mortgage banker adds auctioneer title to resume  Dana Dudley has been a mortgage banker for 22 years and loves helping young people buy their first homes

Foreclosed Homes Can Have Dangerous Problems, Agent Says  Some foreclosed homes can be left vacant for weeks or months with dangerous conditions, one local real estate agent said.

Report: Iowa officials showed concern about probe  Officials at the University of Iowa, via notes and e-mails, expressed their concerns about the university's internal response to a former student-athlete's allegations of sexual assault in 2007, the Iowa City Press Citizen reported Wednesday.

Realty firm closes largest sale in Tahoe history  In the midst of a credit crunch and national real estate downturn, a Tahoe City realty company is making history with the largest sale recorded by the Tahoe Sierra Board of Realtors.

Burglars targeting for-sale homes in Collinsville  Real estate agent Arlene Tutt thinks the burglars targeted the home, a 1880s-era West Main Street relic, sometime Sunday night, after she left.

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