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Sell me yours, I'll sell you mine Premium Content

By Glenn Roberts Jr., Thursday, July 3, 2008.
Home for sale on Pad4Pad.com

Michelle Wulfe and her husband had plans to move from their home in Big Bear City in Southern California to retire in Arizona.

They bought a home in Kingman, Ariz., and the real estate market there tanked soon after. They found that they liked it better back in Big Bear, and so they moved back home and kept their Kingman property on the market.

"The minute we moved the market fell ... so we moved right back into our old house. Now we have two homes."  more...

State budgets axed by housing downturn

By Inman News, Thursday, July 3, 2008.

Florida, Rhode Island hurting for tax revenue
Business Week reports that at least 29 states and Washington, D.C., have budget shortfalls for the 2009 fiscal year that total $48 billion, and that some state and local governments that "were flush with tax revenue during the five-year housing boom" are now scraping for revenue with the housing downturn.  more...