S&P: Home prices drop by record 15.8 pct. in May NEW YORK - Home prices tumbled by the steepest rate ever in May, according to a closely watched housing index released Tuesday, as the housing slump deepened nationwide. US foreclosure filings surge 48 percent in May WASHINGTON - The number of U.S. homeowners swept up in the housing crisis rose further last month, with foreclosure filings up nearly 50 percent compared with a year earlier, a foreclosure listing company said Friday. Sandbagged levee holds in Iowa, protects city CEDAR FALLS, Iowa - Residents were ordered to evacuate low-lying sections of towns along the overflowing Cedar River on Wednesday, and communities along the Mississippi River were warned that new rainfall would boost their expected flood crests.
|