New home sales down, down, down New home sales fell 21.6% in July from the same month last year. That's the lowest level since February, and below the consensus estimate. Inventories of new homes for sale were up 22.4% from the same time last year, to... Read more...   Movin' Out Sales data released yesterday by the National Association of Realtors showed a clear pattern--the states with the biggest drops in home sales were the ones who've seen the steepest price appreciation over the past few years. This data jibes with... Read more...   Washington DC in trouble As readers of the blog may now, I lived in Washington DC (about two miles from the Mount Vernon estate to be precise) for about nine years before transferring to Atlanta in late 1998. I take the family back once... Read more...   A Bond Fund Looks at Housing Pimco the big Newport Beach-based bond fund has been digging into the housing market for months now. No great surprises in their latest report. The market, they figure, "continues to slow every day but it is not falling off a... Read more...

Bright Idea In the 'why didn't anyone think of that before' department let us now gaze in wonder at the FocusOn light. Yes, just as the real estate market looks like its in need of a boost, Cyberlux Corporation of Research... Read more...   Well, at least the 'virtual' real estate market is booming .... Feeling grumpy that the real estate market slumped right after you bought, or just before you sold? Here's some news that should cheer you up right away. Sales of virtual real estate in cyberspace are doing very nicely. Participants in... Read more...   San Francisco, Boston, and Other 'Superstar Cities' Economists have twisted themselves in knots trying to explain why housing prices in cities like San Francisco and Boston are so high. One theory says that the cities have better amenities. Another says that moving to these cities makes workers... Read more...   The FHA Wants to Make Zero-Down Loans. Is This a Good Idea? When the FHA was started in the Depression to insure mortgage loans and thus help people of modest means buy homes, it required a minimum downpayment of 20%. That hefty chunk of equity ensured that people wouldn't walk away from... Read more...   Who Loses in the Real Estate Boom? One topic largely missing in all the coverage of the nation's housing boom in the past few years has been that of gentrification. It used to be a big story in the 1980s, the tear-jerking incidents of immigrants, low income... Read more...   And now a word from the gardeners ... As soon as I mentioned gardening in my last blog I got an email from a p.r. guy who said this is a record year for gardening, and what's more, lawn and garden improvements can boost the value of your... Read more...   Non-housing blogs are horning in on our story Housing blogs like Hot Property don't own the housing story. These days you can find anguished commentary about the softening market all over the blogosphere, from political blogs to econ blogs to blogs about nothing in particular. Here's a thread... Read more...   Struggling to keep up with your mortgage? My BusinessWeek colleague Mara Der Hovanesian would like to speak with people who are struggling to keep up with their mortgage payments now that teaser rates are expiring and ARMs are resetting. If you fit that bill or know someone... Read more...   Charging Ahead with Furniture Designed for Gadget Lovers Manufacturers are hoping to plug into the growing electronics market by equipping nightstands and coffee tables with spaces to hide cords, devices and power strips. Read more...   Car Makers Find Their Home In Alabama's Birmingham Once known as the Pittsburgh of the South because of its strong ties to the steel industry, the region's more diversified economy and growing auto sector is stoking demand for industrial properties. Read more...

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