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business / Real Estate-US

Jobless spike compounds foreclosure crisis
The country's growing unemployment is overtaking subprime mortgages as the main driver of foreclosures, according to bankers and economists, making the crisis more complicated to unwind.
Msn Tuesday, August 18, 2009

US home construction falls 1 percent, misses views
Construction of new homes and apartments dipped slightly last month, missing expectations, in a sign that the building industry's recovery from the housing bust is likely to be bumpy and gradual.
Mercury News Tuesday, August 18, 2009

Southern California median home price ticks up in July
LOS ANGELES — The median home price in Southern California increased about 1 percent in July from June, marking a third consecutive month-to-month gain, a tracking firm said Tuesday.
Mercury News Tuesday, August 18, 2009

Housing construction slipped in July
Construction of new homes and apartments dipped slightly last month, missing expectations, in a sign that the building industry's recovery from the housing bust is likely to be bumpy and gradual.
Msn Tuesday, August 18, 2009

NYT: Owed taxes pushing some to foreclosure
Hard times are causing more homeowners to fall behind on their property taxes.
Msn Tuesday, August 18, 2009

Shareholders OK $1.5 billion Pulte-Centrex deal
Pulte Home Inc.'s $1.53 billion takeover of rival Centex Corp. was approved by shareholders of both companies Tuesday, creating the largest homebuilder in the United States.
Msn Tuesday, August 18, 2009


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