UPDATE: The Housing Market is Nowhere Near Bottom

EMERYVILLE, CA (MARKET WIRE) ZipRealty, Inc. (www.ziprealty.com) (NASDAQ: ZIPR) today announced that it will conduct a conference call to discuss the results of its third quarter Housing Market Report on Wednesday, Oct. 29 at 10 a.m. PDT. Individuals seeking to access the call are to dial 1-888-273-3658 and provide access code 1212629. A press release with the full results of the third quarter Housing Market Report will be issued on Oct. 30, 2008.... more

How Bad Can the Recession Get? Housing Bailout is Making Little Progress Lesen hier die vollständige Nachricht ... more

How Bad Can the Recession Get? Housing Bailout is Making Little Progress Klik hier voor het volledige verhaal ... more

That's according to the Daily News , which dissects the unraveling economy's effect on middle class housing here. In the outer boroughs, "house sales are falling faster than the Dow." In the last four years, they say, Brooklyn has seen a 52.7 percent drop in home sales, from 12,089 to 5,716; that's 37.5 percent this year alone. A couple of other articles spotlight individual homes in hard hit neighborhoods. In Sheepshead Bay , one family purchased a $630,000 attached brick h... more

I had two condo developers call me over the weekend, leaving messages that they had drastic price reductions and that I should come and look at their places again. They had my number from one of those sign up sheets. I'm going to go look. But, man, I can feel the desperation and fear... — by THEANDREWLEE in The Housing Crisis Has Arrived ... more

A wonderful mortgage broker I know, Nima Rezvan, with LADD Financial , recently posted a comprehensive article on Facebook that answers the most Frequently Asked Questions about the First Time Home Buyer Tax Credit. With his permission, I’m reprinting it in full below. If you have any further questions, feel free to post a comment or contact him directly . Nima Presents: Frequently Asked Questions About the First-Time Home Buyer Tax Credit The Housing and ... more

THE NEW REPUBLIC | Blogs If you look at the exit polls for Ohio, and to some extent, Texas and Rhode Island, they show the same pattern that occurred in the February 5 contests, but that was submerged in Obama’s intervening victories. Hillary Clinton does better or much better than him among women, whites (particularly those who make less than $50,000 a year), Latinos, and older voters. He does better than her among the young, among African Americans, and among upscale voters... more

Daily Kos: BREAKING: MSM Finally Admits Obama Won Texas So far it’s just NPR but it’s a start. The are finally admitting what was evident late Tuesday night. With 41% of the Texas caucus vote in, Obama’s 12 point lead (56/44) is insurmountable.  NPR is reporting a net 3 delegate lead for Obama once all is said and done. ... more

Hawaii Democrats award presidential delegates - The Honolulu Advertiser The Democratic Party of Hawai’i today released the final results of the party’s caucuses last month, awarding 14 delegates to U.S. Sen. Barack Obama of Illinois and six delegates to U.S. Sen. Hillary Rodham Clinton of New York based on a presidential preference poll. ... more