Associated Press By Dawn Wotapka and Alan Zibel On the surface, today’s existing-home sales report seems like more good news for housing. Sales climbed 5% from a month earlier, the third-straight monthly increase. Even better, the inventory of previously owned homes listed for sale sank to 2.38 million, the lowest level since March 2005. Supply came in at 6.2 months — just about at the six-month level considered healthy. Lower supply is, of course, key to any recovery. December’s Read more [...]

Manor Farmhouse  is a wonderful old property for sale in Denver, in Norfolk. The property originates from the 15th century, with subsequent extensions in the 17th and 18th centuries and the owners have been widely recognised for their sympathetic restoration. Character features include an inglenook fireplace in the drawing room and exposed timbers in the entrance hall. The breakfast room is tripe aspect and the dining room doors out to the garden. The house is Grade II listed and accommodation Read more [...]

The overall Newport Beach home market — beach communities, Corona del Mar and Newport Coast — had 595 residences listed for sale as of Jan. 5 with 81 new deals opening in the past 30 days. That means, by one theory, it would take 7.35 months to sell all inventory at current pace of new escrows in the Newport region vs. 3.65 months countywide. So, Newport homes, hypothetically, are 2.01 times harder to sell than the typical Orange County home. This is Read more [...]