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THURSDAY, NOVEMBER 26, 2009
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NEWS ABOUT: home prices

home prices stories: 66 news summaries

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$50B Obama Plan Aims to Give Homeowners Options

Administration to enable cuts in monthly payments, refinancing

Feb 18, 09 6:47 AM CST
(Newser) - Today the Obama administration unveils its plan to help struggling homeowners with cuts in monthly payments, more possibilities for refinancing, and changed bankruptcy rules.  Its central plank is a $50 billion subsidy for mortgage companies to make home loans more affordable. As the Wall Street Journal reports, economists are... More »

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Barack Obama • housing market • mortgage • home prices • mortgage lender • Obama administration • Timothy Geithner

 Home Prices Plunge Record 
 15.3%, Boosting Sales 

Median US price was $175,400 in December, off 15.3%

Jan 26, 09 10:51 AM CST
(Newser) - US home prices took an unprecedented dive in December, Bloomberg reports, with prices of existing units dropping 15.3% over the same month last year—the biggest drop on record, and probably the biggest since the Great Depression. Sales, however, unexpectedly ticked up 6.5% in December, the National Association... More »

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housing market • home sales • housing • home prices • existing home sales • financial crisis

 Long Way Down 
 for NYC, Boston 
 Home Prices 

Cities can't buck market forces forever

Dec 31, 08 10:02 AM CST
(Newser) - New York, Boston, and Charlotte, NC, are at the center of the financial industry, but so far those cities haven’t seen home prices plummet the way they have in the rest of the country. New York’s single-family-home prices are down from their 2006 highs, roughly half the decline... More »

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New York real estate • New York City • Boston • housing market • home prices • Charlotte

MARKETS

 Dow Rises 184 on GMAC News 

Dow rises 184 despite drops in home prices, consumer confidence

Dec 30, 08 3:32 PM CST
(Newser) - Stocks rose today as investors were encouraged by the extension of at least $5 billion in bailout money to the financing division of General Motors, MarketWatch reports. GMAC said the aid would allow it to offer loans to more US consumers seeking to buy vehicles. The Dow gained 184.46... More »

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Dow Jones • General Motors • consumer confidence • Nasdaq • home prices • S&P 500 • consumer confidence index • GMAC

Housing Bust Makes Divorce Too Costly for Many Couples

Couples stick it out as tough market makes splitting too expensive

Dec 30, 08 9:47 AM CST
(Newser) - Breaking up is hard to do, but in a housing bust it can be well nigh impossible. With one in six homes worth less than the mortgage owed on it, couples on the skids are finding divorce plans scuttled by an inability to sell the marital home. And with job... More »

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divorce • real estate • housing market • home prices • home equity • housing bubble • divorce settlement • financial crisis

 Home Prices 
 Take Another 
 Nose-Dive 

Fall record 18% in year to October

Dec 30, 08 9:07 AM CST
(Newser) - Home prices in 20 US cities plunged 18% in October over the previous year, a record-breaking rate, Bloomberg reports. The S&P/Case-Shiller index, which has declined every month since January 2007, dropped 17.2% in September. "The bear market continues; home prices are back to their March 2004 levels,... More »

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housing market • home prices • Case Shiller price index • property values • financial crisis

 Home Sales, Prices Plunge 

Everyone was really surprised

Dec 23, 08 10:52 AM CST
(Newser) - The housing market had another staggering setback in November, with sales of new and existing homes tumbling while prices took their biggest hit on record, the Wall Street Journal reports. Existing-home sales fell a worse-than-expected 8.6%, while the national median price fell 13.2% to $181,300, the... More »

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housing market • home sales • housing • National Association of Realtors • home prices • existing home sales • new home sales • financial crisis

 Existing-Home Prices 
 Take Record Dive 

11.3% decline is biggest on record; sales down again in Oct. after Sept. uptick

Nov 24, 08 10:59 AM CST
(Newser) - After a brief, unexpected rise in September, sales of existing homes plunged again in October, with the median price taking its biggest drop on record, the Wall Street Journal reports. Home resales fell 3.1% to a 4.98 million annual rate, from September’s revised 5.14 million... More »

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housing market • housing • home prices • existing home sales

Home Sales Up 5.5%,
Biggest Gain in 5 Years

Inventories still at historic highs

Oct 24, 08 11:10 AM CDT
(AP) - Sales of existing US homes rose by the largest amount in more than five years in last month, a real estate trade group said today. The data offer a glimmer of hope that the housing slump could be starting to bottom out. The National Association of Realtors said sales of... More »

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housing market • home sales • housing • National Association of Realtors • home prices • housing bubble • existing home sales

(Newser) - A witch’s brew of factors is cursing the US housing market, reports the New York Times, driving home prices ever lower as they search for bottom. Rising unemployment, higher interest rates, lower wages, and a glut of foreclosures are likely to continue to keep the market depressed through... More »

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housing market • foreclosure • home sales • home prices • financial crisis

analysis

Bank Rescue Won't Lift Home Prices, Stop Foreclosures

Continued downward spiral drives consumer spending down, killing net worth

Oct 15, 08 9:46 AM CDT
(Newser) - Economists are increasingly concerned that the government rescue plan is missing the root cause of the foundering US economy: still-falling home prices, reports the Wall Street Journal. And, while the bailout of banks and financial institutions could ease the pain of the slump, unless help is extended to the... More »

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housing market • foreclosure • home prices • bailout • financial crisis

MARKETS

 Street Watches Hill; Stocks Fall  

Investors worry about Congress delaying bailout; home prices decline 0.6% in July

Sep 23, 08 3:23 PM CDT
(Newser) - Stocks traded sharply lower at the end of today’s roller-coaster session as investors watched lawmakers balk at quickly enacting the financial bailout plan, the Wall Street Journal reports. The Dow fell 161.52 to close at 10,854.17. The Nasdaq lost 25.64, closing at 2,153.34,... More »

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Dow Jones • Henry Paulson • Nasdaq • home prices • Lennar Corp. • S&P 500 • bailout

OPINION

Housing Will Bottom June 30, 2009: Cramer

Bombastic guru lists
10 signs of a real-estate turnaround

Sep 8, 08 2:29 PM CDT
(Newser) - Jim Cramer has spent over a year “shouting in my usual unhinged way” about the bleak real estate market, he writes in New York. But now he’s so confident housing’s headed for a bottom that he’ll name the exact date: June 30, 2009. Why?
... More »

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housing market • Freddie Mac • Fannie Mae • Jim Cramer • home prices • housing crisis • housing bubble • FHA mortgage

Home Sales Up in July; Market Glut Begins to Ease

Inventory still high as monthly declines ease

Aug 26, 08 10:53 AM CDT
(Newser) - New home sales rebounded a bit in July, according to Commerce Department data released today, and the glut of properties on the market began to ease, Bloomberg reports. The 2.4% uptick in sales fell short of the pace economists were looking for—hitting a 515,000 annual pace rather... More »

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home prices • housing sales • housing crisis • subprime crisis • home-price index

MARKETS

 Housing, AIG Spur Losses

AIG is the troubled financial firm du jour

Aug 25, 08 3:27 PM CDT
(Newser) - Stocks fell today as bad news from the housing and financial sectors diminished hopes that the economic slump will lift soon, the Wall Street Journal reports. The Dow fell 241.81 points to 11,386.25, led by a 5.5% loss at beleaguered insurer AIG. The Nasdaq fell 49.... More »

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Dow Jones • Lehman Brothers • Nasdaq • AIG • home prices • financial sector • S&P 500 • financial crisis

Home Prices Fall Again;
Rate of Decline Sets Record

Consumer confidence numbers offer ray of hope

Jul 29, 08 11:01 AM CDT
(Newser) - Home prices continued to nosedive in May, a signal that the housing crisis may be worsening and a red flag for the credit markets and Wall Street, reports the New York Times. Every region covered by the S&P/Case-Schiller home-price index showed a drop compared to May 2007, with... More »

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housing market • consumer confidence • recession • credit crisis • home prices • Case Shiller price index • housing crisis • subprime crisis • consumer confidence index • home values

ANALYSIS

 A Year On, 
 Credit Crisis
 Lingers 

'Vicious circle' threatens broader economy

Jul 1, 08 7:09 AM CDT
(Newser) - Despite assurances from some experts that the credit crisis would be short-lived, the forecast remains bleak after more than a year of frustrations, the New York Times reports. In a “vicious circle,” falling home prices lead to more bad loans, which makes credit harder to get so that... More »

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stock market • Wall Street • bank • home loans • credit crisis • home prices • financial sector • subprime crisis

Home Prices Take Steepest Tumble Since 2000

Housing index fell by 15.3% in April versus a year ago

Jun 24, 08 10:42 AM CDT
(AP) - US home prices tumbled in April at the fastest rate since the Standard & Poor's/Case-Shiller index started keeping track in 2000, with all 20 metropolitan areas surveyed posting annual declines for the first time. The index fell by 15.3% in April versus a year ago, according to today's report.... More »

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Las Vegas • Miami • home prices • Case Shiller price index • Charlotte

Housing Slump Won't Ease Anytime Soon, Says Study

Tight credit, interest rate worries keep homebuyers on sidelines

Jun 23, 08 7:48 AM CDT
(Newser) - Rising mortgage rates and a tenacious slump in sales and home values will continue to depress the worst housing market in decades, reports Reuters. Don't expect potential saviors—new home buyers—to make a dent any time soon, says a Harvard study. With mortgage rates at a 9-month high, credit... More »

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housing market • Federal Reserve • foreclosure • interest rate • home prices

Foreclosure Sales Rebound as Buyers Snap Up Deals

But prices drop drastically as lenders bite the bullet

May 27, 08 7:31 AM CDT
(Newser) - April generally was not a great month for home sales, the Wall Street Journal reports—except in the areas hardest hit by the subprime crisis as lenders slash prices on foreclosed homes and buyers snap them up. Subprime-riddled Detroit, for example, has seen home sales rise 48% in the... More »

MORE ABOUT:
housing market • foreclosure • home sales • home prices • real estate values • existing home sales

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