Mortgage rates continued to grow in the most recent
week, now approaching very close to the level of interest
rates at the beginning of the year.

Mortgage application volume decreased…

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home for Rent – $1,700
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Two reports on house prices were released on Tuesday
and neither was happy news for homeowners or for the real estate
industry.

The S&P/Case Shiller U.S. National Home Price Index
showed that the decline in house prices accelerated in the fourth quarter
of 2007 with a…

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Despite the many programs gearing up or in place to help homeowners
resolve problems with their mortgages, foreclosure related
activities continued to increase in January. But, perhaps
partially because of these programs, the rate of increase appears to be
slowing from the pace of previous months.

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As the mortgage-lending crisis spreads a web of handymen, contractors and inspectors are working to keep vacant homes free from burst pipes, vandals, rot and animals until they can be resold.

Cincinnati Builds Higher As Demand Slows
An 11% surge in the region’s office construction is expected to add 1.8 million square feet to the area’s inventory this year.

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Existing-home sales including single family
residences, condominiums, townhomes, and co-ops continued to move
downward in January, as did their median prices according to the monthly
survey released on Monday by the National Association of Realtors.

Lawrence Yun, NAR chief economist, said many
potential buyers remain on the sidelines. “Subprime loans and other risky
mortgage products have virtually disappeared from the marketplace,
and…”

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