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Repossessed Homes Modesto California
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.
Biz Buzz: Median price of homes falls again The median price for all homes in San Luis Obispo County fell in August, as did sales. The median���the point at which half of homes sell for more and half for less ��� stood at $420,000 last month, a 17.4 percent drop from August 2007 when the median was $508,500, according to DataQuick, a San Diego-based real estate information firm. The median price in the county in July was $470,000. ...
Homes near Ore Lake suffer flood damage Hamburg Township officials on Friday reported 58 homes near Ore Lake in Livingston County suffered flood damage after heavy rains last weekend swelled the lake and Huron River. Earlier this week, inmates from the county jail helped residents sandbag around homes and flood sites. The American Red Cross says flooding Sunday caused $300,000 in damage to its Howell offices.
$800-bn plan to help people with high-cost mortgages stay in their homes US Treasury Secretary Henry Paulson is sending a financial-rescue plan worth about $800 billion to Congress as Democrats prepare to turn it into a vehicle to help people with high-cost mortgages stay in their homes.
California's jobless rate increases; county lower California's jobless rate surged to 7.7 percent last month, the highest level since 1996, as the economic spasms from the housing bust continued. More than 1.4 million workers were unemployed ��� up 61,000 from July and 413,000 from a year ago, the state Employment Development Department reported yesterday.
Bonds to assist in paying for homes Beacon Journal staff report The Summit County Port Authority has voted to issue $12.5 million in tax-exempt bonds to help people facing foreclosure on their homes.
News and Features for Lake Isabella, California The U5 Tadpoles sponsored by Hyside Inflatables and California Appraisals. Everyone, parents, grandparents, coaches and players alike all had fun! Coaches Matt and Cindy report that Nikki and Tyler were the players of the week for the Rockets.
Valley bargain-hunters buy homes The 525 existing houses sold in Fresno and Clovis in August represented the first time in three years that more than 500 homes were sold for three consecutive months, the president of the Fresno Association of Realtors reported Thursday. Read comments
Some Munster Homes Deemed Uninhabitable Many families in Munster, Ind., got the bad news Friday that they lost their homes. CBS 2's Suzanne Le Mignot reports the Little Calumet River breeched its bank in multiple locations in northwest Indiana, sending water right into residential areas.
California: Rescued by Lehman Bros. It's ironic that, as the mortgage crisis pushed Lehman Bros. Holdings Inc. into bankruptcy and probable demise, the storied finance house couldn't find a savior in its hour of need.Had Lehman turned a similar cold shoulder to Los Angeles more than 125 years ago, the contours of California's evolution likely would have been much different.
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