HomeVestors of America, the company behind the infamous "We Buy Ugly Houses" campaign, announced that hundreds of real estate professionals converged on Washington, D.C., today to protest what they deem a "federal bailout of the housing industry."  more...

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No, it wasn't a typo. The median price of single-family resale homes in California fell 29 percent in March compared to the same month last year, falling from $582,930 to $413,980, the California Association of Realtors reported this month. Sales, meanwhile, were down 24.5 percent year-over-year in March.

Robert Kleinhenz, deputy chief economist for the statewide Realtor trade group, provided some additional details about these statistics in an interview with Inman News.  more...

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Internet searches for "houses for sale" track closely with median home prices published by NAR over the last 12 months, Hitwise's Heather Hopkins blogs today.  more...

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Being among the most mobile group of professionals, Realtors must be feeling a sting at the gas pump these days as we watch gas station employees climb the ladder to switch out the price sign more and more often.

Just this week, I paid a record $58 to fill the tank of my Audi sedan.

Misery loves company so use the comments in this blog post to tell us your gas pump horror stories. If you have photos, please link to those as well.  more...

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The vicious circle of falling prices and rising delinquencies rages on in many markets, with DataQuick reporting yesterday that one in three existing home sales in California during the first quarter involved a foreclosed property. The percentage was even higher -- as many as two out of three homes -- in some markets (see story).  more...

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