Homebuilder Lennar Corp. said Thursday it managed to narrow its second-quarter loss, but CEO Stuart Miller gave a dour outlook for the industry, saying the housing market has yet to hit bottom and ruling out the prospects of a recovery this year.
“The housing market has continued to deteriorate throughout the first half of 2008. We [...]

A massive foreclosure rescue bill cleared a key Senate test Tuesday by an overwhelming margin, with Democrats and Republicans both eager to claim election-year credit for helping hard-pressed homeowners.
The mortgage aid plan would let the Federal Housing Administration back $300 billion in new, cheaper home loans for an estimated 400,000 distressed borrowers who otherwise would [...]

No matter who’s measuring, the results are the same: Housing prices are tumbling at the sharpest rates ever with a bottom still at least a year away, economists say.
Both the Standard & Poor’s/Case-Shiller home price indices and the Office of Federal Housing Enterprise Oversight index on Tuesday reported record year-over-year declines in April, a [...]

The second Forum on Real Estates, Urbanisation and Architecture in Angola and the Luanda Real Estates Exhibition will take place on Thursday and Friday, in this city, aiming at finding solutions to the problems of urbanisation in Angola.
The event is also intended to show the growing potential of the country’s real estate sector, reads a [...]

More encouraging news for the local real-estate market: Preliminary numbers for Orlando’s industrial segment show that the amount of available space dipped by 600,000 square feet during the second quarter. It’s the first evidence of a tightening since late last year, a sign that vacancies could be stabilizing.
That’s the early reading from David Murphy, senior [...]

Mortgage companies, facing criticism that they aren’t doing enough to stem the housing crisis, are pledging to let troubled borrowers know whether they’re approved for help within 45 days of receiving a homeowner’s application.
The promise is expected to be announced Tuesday by the Hope Now alliance, a Bush administration-backed industry group, as part of a [...]