When D.R. Horton, the second-biggest U.S. home builder, couldn't sell a one-bedroom San Diego condominium listed for $349,800, it sold the property at auction for $220,000, a 37 percent discount. ...more

October 11, 2007

U.S. home prices have fallen further since mid-2006 than during the 1990-91 recession, and professional traders bet they'll plunge up to 10 percent more the next year. ...more

September 27, 2007

The default rate on U.S. mortgages is stabilizing, an American housing official said Monday, adding she didn't expect last week's cut in U.S. interest rates to significantly affect the number of defaults. ...more

September 25, 2007

Countrywide Financial Corp. said Thursday that it had boosted its borrowing capacity by $12 billion, as the mortgage lender struggles to weather the slowdown in the housing market. ...more

September 14, 2007