Home prices declined in 120 of the 152 markets included in the report.
Meanwhile, median U.S. existing home sales prices dropped by 9 percent in the latest measure of the nationwide housing market. Realtors say forecloses are affecting values in many markets.
"We think it’s a great opportunity to try and bring something new to the market," John Landon says regarding his new firm Landon Homes.
John Landon started his last company in the midst of the late-1980s Texas housing bust. Now Mr. Landon is launching a new homebuilding operation in the midst of the worst U.S. home market in generations. Story
Randall Davis has teamed up with developer Hines to build the nine-story Terranova condominiums on Douglas Avenue. It would be the first residential high-rise built in Preston Center in more than a decade.
Countrywide Financial Corp., under pressure to help stem growing home loan defaults, says it will expand programs to help borrowers manage their mortgage payments regardless of the type of subprime loan they have or whether they have already fallen behind on payments.
Mar'Sue Haffner of Grand Homes says it's not about home embellishments these days, it's about the discount.
With home sales cratering around the country, you might think builders would pile on special incentives to spur sales – but some real estate agents and builders say potential homebuyers have their eye on one thing only: price.
Often, universal home design conjures up images of handicap bathroom handles and sterile hospital rooms, but proponents say it can improve the lives of all people regardless of age or ability. And it can still look good.
Foreclosures: 
