Real Estate

WASHINGTON (AP) - Sales of new homes plunged to a record low in January, underscoring the formidable challenges facing the housing industry as it tries to recover from the worst slump in decades.   Full Story

Wednesday February 24, 2010 MIAMI -- Home prices edged up in December, the seventh straight monthly gain and another sign the housing market continues its bumpy recovery.   Full Story

Wednesday February 24, 2010 WALTHAM, Mass. (AP) -- The median price for single-family homes in Massachusetts shot up in January when compared to the same month last year, driven by low mortgage rates, tax credits and an improving economy.   Full Story

Saturday February 20, 2010 WASHINGTON - The end of the foreclosure crisis is finally in sight. For the first time in almost three years, the number of homeowners falling behind on their loans is declining.   Full Story

NEW YORK (AP) - Regulators shut down San Joaquin Bank in California on Friday, marking the 99th failure this year of a federally insured bank.   Full Story

NEW YORK (AP) - Regulators shut down two banking units of Irwin Financial Corp. Friday, marking the 93rd and 94th failures this year of federally insured banks.   Full Story

CHARLOTTE, N.C. (AP) - Federal regulators on Friday said they seized Corus Bancshares Inc., a major Chicago-based lender to condominium, office and hotel projects, adding it to the long list of banks that have succumbed this year to the recession and waves of loan defaults.   Full Story