When Meritage Resort developer Tim Busch first talked of opening a resort and conference center in a remote corner of south Napa, not everyone saw his vision. 

A painful credit crunch is taking its worst toll on the already ailing housing market, while its impact on the rest of the economy so far seems limited, the Federal Reserve reported Wednesday.

Brauning Appraisals, a Napa Valley real estate appraisal firm, announces that Dan Brauning has purchased the Brauning Appraisals Company from his father Leon Brauning.