Outlook For Homebuilders: 'Grim, As In Reaper' (Las Vegas Business Press)

A few years ago, when 3,000 to 4,000 new homes were being sold monthly in Las Vegas, people were trampling each other to snap them up, camping for days to be first in line for new releases at some 500 subdivisions around the valley and pushing prices beyond reality., more 
and U.S. Foreclosure Filings Hit Record 1.5 Million in First Half (Bloomberg)  More than 1.5 million properties received a default or auction notice or were seized by banks in the six months through June, the Irvine, California-based seller of default data said today in a statement. That’s a 15 percent increase from the year earlier., more