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October 7, 2008 11:36:53 PM CDT

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Stories related to: housing market

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Stories 61 - 80 of 140

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  • February 2008

    • Bernanke Signals New Rate Cuts

      Wall Street Journal  |  Feb 27, 08 9:15 AM CST

      Bernanke Signals New Rate Cuts

      (Newser) - Federal Reserve Chairman Ben Bernanke today said that the board stands ready to cut interest rates again to give the economy "adequate insurance against downside risks," reports the Wall Street Journal. The move, which follows 2.25% in cuts to the key rate since September, is widely expected at the Fed's March 18 meeting. More »

    • Home Prices Decline Across Country

      Wall Street Journal  |  Feb 26, 08 10:38 AM CST

      Home Prices Decline Across Country

      (Newser) - Home prices in the top 10 metro areas slumped 8.9% over the previous year, the largest decline in 20 years, according to the closely watched S&P/Case-Shiller price index, released today. "Wherever you look things look bleak," one economist tells the Wall Street Journal , noting that declines hit 17 of the top 20 markets, with Miami, Las Vegas, Phoenix,  and San Diego all off more than 15%. More »

      Tags

      credit crisis  • housing market  • subprime crisis  • real estate  • home prices  • Case Shiller price index

    • Dour Housing Market Slams Home Depot Q4 Results

      Wall Street Journal  |  Feb 26, 08 8:23 AM CST

      Dour Housing Market Slams Home Depot Q4 Results

      (Newser) - Continuing US housing market woes, showing no signs of letting up, helped drag Home Depot’s fourth quarter profits down 27% over the same quarter last year, to $671 million from $925 million. The world’s largest home-improvement retailer also predicted fiscal-year earnings will drop 19% to 24%, more than twice the decline analysts had expected, the Wall Street Journal reports. More »

      Tags

      housing market  • housing crisis  • retail sales  • corporate earnings  • construction  • Home Depot  • Robert Nardelli  • home improvement  • Lowe's

    • Families Swap Houses to Beat Slow Market

      ABC News  |  Feb 21, 08 6:43 PM CST

      Families Swap Houses to Beat Slow Market

      (Newser) - Struggling with a troubled housing market, some would-be sellers are opting for a novel solution: trading houses. The strategy is nothing drastic, ABC News reports—in separate transactions, two families sell their homes to each other. Buyers say the downside is reduced selection—but it can be convenient, and it can make a serious dent in prices. More »

      Tags

      credit crisis  • housing market  • real estate

    • During Bust, Green Groups Make Land Grab

      Newsweek  |  Feb 17, 08 12:19 PM CST

      During Bust, Green Groups Make Land Grab

      (Newser) - As the subprime debacle rips through real estate, leveling home values and clogging the market with unsold property, an unlikely group of vultures is descending, reports Newsweek. Conservation groups and local governments alike, which sat on the bench during the last boom, are snapping up land from would-be developers to preserve for a rainy day as public land. More »

      Tags

      housing market  • housing crisis  • real estate  • conservation  • home values  • public land

    • 10 Lies Homeowners Tell Buyers

      MSNBC  |  Feb 8, 08 6:41 PM CST

      10 Lies Homeowners Tell Buyers

      (Newser) - When a homeowner is desperate to sell and a buyer is ready to fork over the cash, the truth about a house is often swept under the rug, MSNBC reports. Watch out for frequent fibs when talking about: Personality of neighbors and the neighborhood. Status of home repairs (particularly the roof). Insect and rodent infestations. Elevated radon levels. More »

      Tags

      list  • housing market  • homeowners  • homes  • existing home sales  • home improvement  • infestation  • water damage

    • State Lenders Choke Bush's Fight Against Foreclosures

      Bloomberg  |  Feb 1, 08 7:18 PM CST

      State Lenders Choke Bush's Fight Against Foreclosures

      (Newser) - President Bush’s goal of helping subprime borrowers by offering tax-exempt bonds is meeting resistance from state lenders, Bloomberg reports. Risk-averse state housing agencies are already turning down over half the applicants to their own programs intended to help those affected by the crisis, due mainly to applicants’ existing financial woes. The agencies’ caution could cripple Bush’s scheme to fight foreclosures. More »

      Tags

      George W. Bush  • housing market  • housing crisis  • subprime crisis  • mortgage crisis  • borrowers  • mortgage debt  • housing agencies

  • January 2008

    • New Home Sales Hit 12-Year Low

      Bloomberg  |  Jan 28, 08 1:20 PM CST

      New Home Sales Hit 12-Year Low

      (Newser) - Sales of new homes fell to a 12-year low in December, making 2007 the worst year on record for home sales. Economists had predicted November's numbers wouldn't get much worse; instead, sales decreased 4.7% to an annual rate of 604,000, reports Bloomberg. "We are in deep recession lows now in terms of new home sales and housing starts," says an economist. More »

      Tags

      housing market  • housing crisis  • housing starts  • housing sales  • new home sales

    • Dec. Home Sales Kept Dropping

      Wall Street Journal  |  Jan 24, 08 10:14 AM CST

      Dec. Home Sales Kept Dropping

      (Newser) - Existing home sales began to fall again in December after briefly bumping upwards in October and November. Home resales were at a 4.89 million annual rate; that's down 2.2% from November and down 13% from last year. "Home sales remain weak despite improved affordability conditions in many parts of the country," an economist tells the Wall Street Journal . More »

      Tags

      housing market  • real estate  • existing home sales  • home resales  • Northeast  • National Association of Realtors

    • Bernanke Can't Rally Markets

      New York Times  |  Jan 18, 08 4:00 AM CST

      Bernanke Can't Rally Markets

      (Newser) - Signs the housing market black hole was worsening and pulling down the rest of the economy spurred the DJIA to slide another 3% yesterday as investors decided a federal rescue plan was too late to help, reports the New York Times . Even reassuring words from Fed Chair Ben Bernanke that the economy was “extraordinarily resilient,” did little to ease concerns. More »

      Tags

      George W. Bush  • US economy  • Ben Bernanke  • housing market

    • Chicago's Spire Condos May Be a Tough Sell

      Chicago Tribune  |  Jan 14, 08 12:00 PM CST

      Chicago's Spire Condos May Be a Tough Sell

      (Newser) - The Chicago Spire residential tower isn't even under construction yet, but its luxury condos—slated to be sold for unprecedented prices—will come face-to-face with a lousy housing market when the sales office opens today. Prices for units in the twisting skyscraper start at $1,400 per square foot, but developers worry that buyers will be slow to snap them up. More »

      Tags

      Chicago  • housing market  • housing crisis  • skyscraper  • condominium  • new construction  • Chicago Spire

    • Economists Fear It's Too Late to Save Economy

      New York Times  |  Jan 13, 08 7:41 AM CST

      Economists Fear It's Too Late to Save Economy

      (Newser) - It may already be too late to quickly stop the economic tailspin triggered by the implosion of the housing market and booming energy prices, several experts believe, reports the New York Times . Perhaps the best that can be done is to make the crunch hurt a little less. “The question is not whether we will have a recession, but how deep and prolonged it will be,” said one analyst. More »

      Tags

      US economy  • recession  • housing market  • housing crisis  • crude oil

    • American Express Feels Credit Crunch

      Wall Street Journal  |