October’s Home-Price Drop Keeps Housing as a Major Drag

The U.S. housing sector got another dose of sobering news Tuesday, as home prices in all 20 major cities tracked fell a worse-than-expected 1.3% in October from September. The S&P Case-Shiller index has now dropped for four str…

Property Taxes Keep Rising as Home Values Keep Falling

Common sense suggests that as home prices decline, the property taxes based on their valuations ought to as well. But property taxes nationally are clicking higher. Why is this occurring? Several factors are at work — and they…

The Housing Mess Hits One New York Town Hard

In some parts of the U.S., the real estate market remains deep in recession. But even with housing prices sitting at multi-year lows, millions of houses remain empty, unable to attract buyers haunted by unemployment and a weak …