Predictions

From Bloomberg:The median price for a single-family home in the U.S. dropped 7.7 percent in the first quarter, the biggest decline in at least 29 years, as values tumbled in two-thirds of U.S.

From CBS 13: If you're looking to buy a home in the down market you may think you're getting a deal on a foreclosure. But beware, the bank may be one step ahead of you.

From the New York Times:At the end of 2007, areas with the highest vacancy rates in housing intended for owner occupancy fell into two categories: Rust Belt areas like Detroit, Cleveland and Akron, Ohio, and former boom areas like Orlando and Tampa in Florida, and Las Vegas.

From Forbes (hat tip Patient Renter):It's no secret that homeowners with subprime mortgages have taken a beating. Next up: those who have combined their mortgages with home equity loans, second loans or both.

From the Sacramento Bee: California's severe housing downturn claimed another fixture of the Sacramento-area homebuilding industry Wednesday when John D.

From the Sacramento Bee: Banks repossessed nearly 5,300 homes in the capital region during the first three months of 2008, setting a record and pushing the region's foreclosure tally to more than 15,300 since the beginning of 2007....The number of home loan defaults also neared 10,000 during the quarter in Amador, Nevada, El Dor

East 1. NY Mets

Even with the MLB season starting I simply can't bring myself to stray away from March Madness right now. The Sweet 16 starts tonight so be sure to watch. Now Stefan already gave you his Sweet 16 picks here.

From the Wall Street Journal: Cities and counties with some of the worst fallout from the nation's housing slump also are seeing a sharp upswing in vacant homes, a trend economists say might set up further declines in home prices.

From the Stockton Record: Home-sales auctions have popped in the Central Valley since last summer, but the latest twist is an online auction for new homes with a bidding process similar to that used by eBay....