When I read things like this, I keep an eye on these areas for great oppertunties to purchase  income properties. I was always told when life gives you lemons make Lemon-Aid  
 ———————— 
Five Cities With Biggest Decline in Home Values
by AnnaMaria Andriotis
May 16th, 2008

With home values continuing to plummet across the country, it’s become clear that the real estate meltdown is far from over.
Values for single-family homes in 14 major U.S. cities posted double-digit declines from their respective peaks, according to the Standard & Poor’s/Case-Shiller Home Price Indices, which tracks prices of single-family homes. On a …

  
This is the best time to buy, the cost of properties are down, the interest is low this is the best of all worlds. I see great  Opportunities and this article shins a glimmer of hope on this.
Bonnie Ankle; Event Manager - Luxury Home Council
http://online.wsj.com/article/SB120886732384734503.html?mod=hpp_us_whats_news
  Existing-Home Sales Decline,
But Prices Show Glimmer of Hope
By KELLY EVANS and SUDEEP REDDY
April 22, 2008 3:49 p.m.
Sales of existing homes dropped in March as the housing market slump continued, but two gauges of home prices show a rare glimmer of hope that the turmoil may be easing a bit.

Home …

As i was researching the current market in the USA I came across this and found it to be wonderful new’s.
——————————————  
1. Salt Lake City
Median Home Sale Price: $246,700
Percent Change: 14.1%
Prices in Salt Lake City continued to climb as the city remains largely unaffected by the nationwide housing downturn due to low unsold inventory and a stable lending environment. This median-priced, ranch-style home was built in 1993 and has views of the surrounding mountains. There are five bedrooms and two baths across 1,800 square feet of interior space. The home also features a …

I was just reading the Wall Street Journal and I came upon this and I think it is important for me to keep up on all aspects of the market including what is happening to the lenders and how they are reacting to this market. I found this article and eye opener and I am glad to see that the federal government is looking into this now and not waiting until many have lost there properties. 

Bankruptcy Watchdogs Seek Sanctions Against Countrywide

By Peg Brickley
Word Count: 516  |  Companies Featured in This Article: Countrywide Financial

In a move that …

I just read this wonderful report from the Wall Street Journal

“Americans, Others
Acquire Luxury Homes
Despite Restrictions

By LORETTA CHAO and JASON LEOW
January 18, 2008; Page W1
Beijing

Once known for drab, government-controlled housing and ancient courtyard homes, China has become a land of multimillion-dollar apartments and soaring property values. And foreigners are trying to get in on the action.