Recordnet.com - "Clean-up specialists capitalize on forclosures" (9-16-07)

"As the housing market sinks deeper into the biggest slowdown that local real-estate brokers can remember, the few agents who specialize in foreclosures are hopping busy. Kevin Moran, an agent with Coldwell Banker Grupe of Stockton, was involved in some foreclosure deals in the mid-'90s real-estate downturn brought on by a statewide recession, but he's in it exclusively this round because he sees much bigger opportunities."

The Signal - "Housing Inventory Growing in SCV" (9-16-07)

"As most of Southern California faces steep declines in home sales and prices, the buyers and sellers of Santa Clarita see a similar market as the current inventory of houses on the market almost triples the number of listed homes that are actually sold last month, according to Remax Realtor Pam Ingram. Even though this is the worst real estate market Southern California communities have seen in 15 years, Ingram said Santa Clarita is not being hit as hard as other areas, like Orange County."

MSN - "Greenspan alert on US house prices" (9-16-07)

"US house prices are likely to fall significantly from their present levels, Alan Greenspan has told the Financial Times, admitting that there was a bubble in the US housing market. In an interview ahead of the release on Monday of his widely-anticipated memoirs, the former chairman of the Federal Reserve said the decline in house prices 'is going to be larger than most people expect'."

Los Angeles Times - "Selling a home without an agent comes with risks, rewards" (9-16-07)

"Zillow estimated his home's worth at $1.4 million. But Grant, who was planning to sell his home when he retired in two years, decided to have some fun. So he posted a notice on the site saying he would gladly hand over the keys to anyone willing to pay him $1.6 million for his 4,500-square-foot abode. Two days later, after receiving an e-mail from a would-be buyer and giving a showing, his house was in escrow for his asking price."