In the second quarter, the number of homeowners behind on payments or in foreclosure rose along with the jobless rate, with California among states leading the way.
By E. Scott Reckard And Ronald D. White  August 21, 2009
Widespread joblessness is causing more Americans to fall behind on their house payments, triggering a new round of foreclosures [...]

The pace of home sales at California new-home communities continued to level off in June, the California Building Industry Association (CBIA) reported this week.
Sales in new-home communities of 10 units or more declined 26 percent in June 2009 compared with a year ago, the same percentage decline as in the prior month, according to the [...]

By Robert Freedman, Senior Editor, REALTOR® Magazine
Starting tomorrow, July 30, you could see transactions slowed as lenders try to navigate changes to rules (”Reg. Z”) on consumer disclosures under the Truth in Lending Act (TILA). By being aware of new time pressures lenders are under, you can help your clients understand what’s going on if [...]

Fear of overpaying for property is common these days, especially in places like New York where prices continue to be unstable.
If you encounter potential buyers who are frozen because they are concerned that they will pay too much, here are some factors to point out:

Waiting for the right time can be expensive. Some buyers would [...]