home prices

(Newser) - Taking into account current affordability, projected growth, and employment opportunities, BusinessWeek pick the best and worst prospects for bargains in the US housing market. The best, in alphabetical order:

1. Austin-Round Rock, Texas
2. Baton Rouge, La.
3. Birmingham-Hoover, Ala.

(Newser) - The atrophied housing market has sent America’s largest homebuilder into even more of tailspin than expected. Lennar announced today it lost $513.9 million last quarter, or $3.25 per share—the worst losses in its 53-year history. Lennar says home discounting and the dismal mortgage situation will force...

(Newser) - The median cost of an American home, now $220,000, is expected to drop this year for the first time since tracking began in 1950, reports the New York Times. The decline will be modest—1 to 2%—but could last into 2008 and 2009, meaning that, adjusting for inflation,...