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New Repo Homes Articles Edition... Existing Home Sales Drop for Seventh Straight Month The national median existing home price in March dropped 7.7% from a year earlier, to $200,700 It wasn't too surprising that median prices for U.S. used homes dropped again in March -- the seventh straight month of declines, the National Association of Realtors reported on Apr. 22. The mounting glut of unsold homes might be a bigger co ... read more>> Home Sales Decline Is Sharpest In Four Decades Existing home sales tumbled in October and prices continued a precipitous decline not seen since 1968, indicating there is scant sign of a turnaround in the housing market despite aggressive federal intervention. A report Monday by the National Association of Realtors found that home sales dropped 3.1%, from a seasonally adjusted rate of ... read more>> Home Sales Rose A Sweet 5.1% In Feb Existing homes sales rose in February as prices fell sharply due to the nation's increasing supply of distressed properties. Sales of existing homes jumped 5.1% in February, reversing the decline in January, according to a report Monday by the National Association of Realtors. Many economists believe the drop in January was an anomaly an ... read more>> How to E-Appraise Your Property Until recently, figuring out your home's value was not something you could do from home. You had to scan the microfiche or even thumb through dusty tomes at the local library or tax assessor's office. If that didn't work, you had to hire an appraiser to make an estimate or, worse, call in a real estate agent to get a competitive market an ... read more>>

Luxury Homes Going Once, Going Twice, Sold At Auctions Many of this decade's Gatsbys are finding that bidding is the best way to buy a palatial home. Looking for a summer cottage roomy enough to entertain 500 of your dearest friends, with a stable for nine horses and three carriages? Or how about a waterfront Florida estate with a dock for your 145-foot yacht? Check the local classified s ... read more>>   New Home Sales on a Slippery Slope The housing sector's slump appeared to worsen considerably in December. A report released on Jan. 28 shows U.S. new home sales fell 4.7%, to a 0.604 million unit annual rate in December, from a revised 0.634 million in November [from 0.647 million previously]. Declines were evident across three of the four regions, with only the Northeas ... read more>> Second Homes For Sale Low interest rates strengthen the appeal of vacation properties Roommates Jennifer Bossin, 32, and Kelly Donnelly, 33, had rented ski houses for the past five seasons. In August they decided it was time to buy. After only three days of looking, they settled on a 1,900-square-foot house in Lake Tahoe, Calif., and paid $238,000. "It just ... read more>>   Unwanted Furniture Finds New Homes What can turn one community's garbage into another one's treasure? An effort called giveasit.com, which encourages libraries, schools, and other institutions to recycle their old furniture by giving it away to similar organizations in need. Mary MacMahon, a sales representative for Palmieri Furniture, Richmond Hill, ON, but located in Con ... read more>>