* Backing Out of A Sale the Last Minute [Washington Post]
"Q: DEAR BOB: I recently put my house on the market for sale. I received a purchase offer from a buyer, and we agreed on closing the sale. But because of job-related issues, I am no longer willing to move and do not want to sell. Can I get out of this agreed purchase offer without selling my home? -- Tim S."
* All Politics is Local: Blue States Beat Out Red States in Home Values [Zillow]
"Ready for some more Internet history? If so, tune into CNN (or at CNN.com) tonight for the first-ever CNN-YouTube debate where the Democratic candidates will field questions sent in by regular ‘ol users — citizens of the U.S.! — via YouTube."
* Incentive to Buy [Market Watch]
"Flashy buyer incentives like a new car parked in the driveway or a flat-panel TV might grab headlines but when it comes to actually enticing someone to buy a home it's the more practical perks that count, real-estate professionals say."
* Top First Time Home Buyer Tips [MSNBC]
"There is more to buying a home than collecting curtain swatches and making sure you've got enough moving boxes."
* Housing News Turns the Stock Market to Mush [MND]
"It's been a rough week for the housing market. Homebuilder confidence is in the gutter, existing home sales fell substantially and the bad news emanating from the subprime debacle continues top headlines. Now we have new home sales and builders reporting earnings."
* Some Hard-Hit Cities See Signs of a Housing Market Turnaround [Real Estate Journal]
"Tighter credit is prolonging a deep slump in home sales, but a quarterly Wall Street Journal survey of 28 major metro areas shows that the surge in inventories of unsold homes is slowing. In two of those markets -- Boston and Denver -- the number listed for sale has actually declined from a year ago."
* Learn to Analyze a Property Before You Get Burned [Bigger Pockets]
"I noticed a property listing on Craigslist, titled “$150000 THIS IS THE BEST DEAL IN TOWN” and decided to take a look. Since I was about to find out about the best deal in town, I was really anticipating what was to come. Sadly, what I found was just another loser property."
* Army Agrees to Complete Long-Delayed Artery Link [Times]
"An agreement announced yesterday will conclude a years-long dispute over the completion of the Fairfax County Parkway and sets in motion a possible Holy Grail solution for distributing new federal workers coming to Fort Belvoir."