California home sales slide 23% in July

Sales of single-family resale homes dropped 22.7 percent in July 2007 compared to the sales pace for that month last year, and liquidity problems in the mortgage market will likely continue to pull down sales, the California Association of Realtors trade group reported today.  more...

Economists see credit problems as bigger threat than terrorism

Subprime mortgage loan defaults and excessive household and corporate debt represent a greater short-term threat to the U.S. economy than terrorism, energy prices or inflation, according to a new survey of economists.  more...

Blogging success with Teresa Boardman

Teresa Boardman is a Realtor and licensed broker with Keller Williams Integrity Realty in St. Paul, Minn. She is the author of The St. Paul Real Estate Blog, a "hyper local" blog that focuses on St.  more...

Resale home inventory soars to 9.6 months

The inventory of resale homes jumped to 9.6 months in July, as the sales rate for that month dropped 9 percent compared to the same month last year, the National Association of Realtors reported today.

A for-sale inventory greater than six months is generally considered to indicate a buyer's market -- this statistic indicates the length of time it will take to deplete the for-sale inventory at the current sales pace.  more...

Overnight real estate rates stand still

Long-term mortgage interest rates were flat Friday, and the benchmark 10-year Treasury bond yield dipped to 4.62 percent.

The 30-year fixed-rate average held at 6.17 percent, and the 15-year fixed rate stayed at 5.79 percent. The 1-year adjustable, however, gained to 5.59 percent.

The 30-year Treasury bond yield was down to 4.88 percent.

Rates and bonds are current as of 7:15 p.m. Eastern Standard Time.  more...