US commercial property prices fall close to bottom, according to analysts
Prices in the US commercial property sector are down to nearly half the levels seen at the height of the real estate boom and delinquency rates have doubled according to the latest index from Moodys

Property prices fall by up to 15% along the US Gulf coast as oil spill deters buyers, research indic
Sales of residential property in some locations along the US Gulf coast have stalled because of the BP oil spill and some homes have been damaged it is claimed

Business Highlights
Home prices in many parts of the country scream bargain and mortgage rates havent been this low for decades So why are houses across the nation sitting on the market for so long

Home sales at 15-year lows
Sales of previously owned US homes took a record plunge in July to their slowest pace in 15 years underlining the housing markets struggle to find its footing without government aid

Copper prices lose ground on dismal home sales
Copper lost ground Tuesday after a dismal report on home sales added to concerns about the slowing US economyCopper for December delivery fell 505 cents to $32620 a pound its lowest settlement price in nearly a month Other commodities were mixed

SEC: Ex-Countrywide chief approved special loans
Federal regulators say former Countrywide CEO Angelo Mozilo personally approved mortgages for favored borrowers that violated the companys policies and lending standards

Instant View: Existing home sales plunge to 15-year low
Sales of previously owned US homes dropped in July to their lowest pace in 15 years implying further loss of momentum in the economic recovery

Ahead of the Bell: July home sales likely plunged
The housing market is taking a turn for the worseTuesdays report from the National Association of Realtors about sales of previously occupied homes is expected to show sales plunged in July

Mortgage rates hit record lows: Freddie Mac
US mortgage rates fell in the past week to the latest in a series of record lows amid concerns about the state of the US economy according to a survey released on Thursday by Freddie Mac FMCCOB the secondlargest US mortgage finance company

9 Reasons to Choose a New Home Over a Resale
As the mortgage crisis continues to inundate the market with distressed properties todays house hunter has no shortage of cheap foreclosed homes to pick through But despite all those deals in the previouslyowned home market consumers shouldnt overlook the potential benefits of buying a new home