AP - Sales of existing single-family homes plunged in 2007 by the largest amount in 25 years, closing out an awful year that saw median prices fall for the first time in at least four decades.

Reuters - Single-family home builder M/I Homes Inc. said on Monday it has sold some Florida land to reduce debt, and is exiting the West Palm Beach market in that state, sending shares up 3 percent in early trading.

Reuters - Sales of new U.S. homes fell in November to the lowest rate since 1995, but business activity perked up this month, according to reports on Friday that showed pockets of strength in the economy despite a housing sector meltdown.

AP - As the housing market crumbles, homeowners are worried about mortgage payments and sellers are worried about slumping prices — but the companies that insure their loans are worrying about their very survival in the face of billions of dollars in claims.

AP - As the housing market crumbles, homeowners are worried about mortgage payments and sellers are worried about slumping prices — but the companies that insure their loans are worrying about their very survival in the face of billions of dollars in claims.

AP - French bank Societe Generale said Thursday it has uncovered a 4.9 billion euro ($7.14 billion) fraud — one of history's biggest — by a single futures trader whose scheme of fictitious transactions was discovered as stock markets began to stumble in recent days.