S&P/Case-Shiller index reports huge decline of 19.1% for the first quarter.
NEW YORK (CNNMoney.com) — The home price slide accelerated during the first three months of 2009, according to a report issued Tuesday.
The S&P/Case-Shiller National Home Price index, a bellwether of real-estate market direction, plunged a record 19.1% during the quarter compared with the first three [...]

National median home price falls to $169,000 in first quarter, due to market flooded with lower-priced foreclosures and short sales.
NEW YORK (CNNMoney.com) — The steep slide in home price accelerated at a record pace during the first three months of 2009, according to an industry report issued Tuesday.
The national median home price of single family [...]

A record number of foreclosure filings took place during April, but the number of repossessions fell 11%.
NEW YORK (CNNMoney.com) — Foreclosures in April exceeded even March’s blistering pace with a record 342,038 homes receiving notices of default, auction notices or undergoing bank repossessions, according to a regular industry report.
One of every 374 U.S. homes received [...]

Study finds more than 20% of U.S. homeowners – about 20 million residences – owe more than their homes are worth.
NEW YORK (CNNMoney.com) — More than 20% of American homeowners owe more on their mortgage debt than they can sell their homes for, according to an industry report released Wednesday.
The real estate Web site Zillow.com [...]

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Buyers defy expectations with an increase in sales contracts signed during March.
NEW YORK (CNNMoney.com) — Is the housing meltdown ending?
Pending home sales rose in March for the second consecutive month and are up year over year. The Pending Home Sales Index from the National Association of Realtors showed a 3.2% gain to 84.6 from February, [...]

1. Finding one has become easier
You don’t need to show up at courthouse auctions or comb through legal filings. These days many banks sell foreclosed homes through real estate agents.
To find listings, look on sites that specialize in foreclosed properties, such as realtytrac.com and foreclosure.com. The local multiple-listing service often has selections as well. [...]