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SUNDAY, NOVEMBER 22, 2009
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NEWS ABOUT: housing market

housing market stories: 237 news summaries

1 - 20 of 237 Stories | 1 2 3 4 5 ... 12 Next >>

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 FHA Helps High-End Buyers  

Raised guarantee limit may be tough to roll back

Nov 20, 09 5:34 AM CST
(Newser) - When the government last year doubled the amount the FHA will guarantee on a home loan, to more than $700,000, it moved the agency into uncharted territory: backing loans for the middle-class and the wealthy, too. It also moved the FHA, designed to help low-income buyers who can't raise... More »

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real estate • housing market • Federal Housing Administration • mortgage loans • mortgage insurance • FHA

MARKETS

 Dow Ends Shaky Day Up 76 

Markets continue 7th day of wild variations

Nov 2, 09 3:09 PM CST
(Newser) - Stocks seesawed today as good economic data on industry and the housing sector drove big early gains, which then fell victim to selloffs in the financial sector, the Wall Street Journal reports.
  • The Dow climbed 76.71 points to close at 9,789.44.
  • Nasdaq tacked on 4.
... More »

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stock market • NASDAQ • New York Stock Exchange • housing market • Dow Jones • financial sector • S&P 500

 Goldman Seizes Homes 
 as Securities Sour 




Just getting them to admit they hold your mortgage can be an ordeal

Nov 2, 09 8:21 AM CST
(Newser) - Imagine finding yourself in a foreclosure battle and discovering that your opponent isn't the obscure lender who wrote your insane mortgage, but the formidable Goldman Sachs. It seems that after years of buying subprime mortgages and packaging them into bonds, at a handsome profit, Goldman is now in the business... More »

MORE ABOUT:
housing market • Goldman Sachs • subprime mortgages • Henry Paulson • foreclosure • subprime crisis • mortgage defaults

 Renters Feel the Landlord Love 

In soft market, tenants offered flat-screen TVs, cash, reduced rent

Nov 2, 09 6:19 AM CST
(Newser) - Time was, the landlord's knock could inspire dread and bogus excuses. But as apartment vacancies soar, these days he's more likely to drop by to offer you a flat-screen TV, cash, or reduced rent if you re-up your lease. "Many companies are doing whatever they can to keep units... More »

MORE ABOUT:
real estate • housing market • incentives • apartment • renters

 Home Prices Climb in August 

Nearly every major city gets a boost

Oct 27, 09 9:03 AM CDT
(AP) - US home prices rose for the third straight month in August, data released today showed, a key sign for a broad and sustained housing recovery. The S&P/Case-Shiller home price index of 20 major cities climbed 1% from July to a seasonally adjusted reading of 144.5. While prices are... More »

MORE ABOUT:
real estate • housing market • home prices • Case Shiller price index

 Foreclosures on Pricey 
 Properties Pick Up 

Well-to-do buyers weren't immune to wacky loans, and they're coming due

Oct 12, 09 9:19 AM CDT
(Newser) - The country's most expensive homes are now making up a larger segment of foreclosures in the most recent spike of mortgage defaults. An analysis of recent data shows that 30% of June foreclosures involved homes valued in the top third based on location; that’s up from just 16% at... More »

MORE ABOUT:
housing market • foreclosure • credit crisis • homeownership • mortgage defaults • home mortgage • exotic loans • expensive

Watchdog: Feds Need to Expand Foreclosure Plan

$50B plan proving ineffective as more mortgage holders lose their jobs

Oct 10, 09 5:00 AM CDT
(Newser) - The Treasury's $50 billion loan-modification program is in danger of being swamped as the foreclosure crisis accelerates, the Congressional Oversight Panel said in a report yesterday. The Home Affordable Modification Program has met its target of 500,000 trial mortgage modifications started by November 1, but the watchdog warned that... More »

MORE ABOUT:
housing market • subprime mortgages • foreclosure • mortgage • subprime crisis • negative equity • Obama administration • TARP • mortgage modification • underwater mortgage • Home Affordable Modification Program


 Vacancy Rate Hits 23-Year 
 High as Renters Fade 

So now's the time to get that place in NYC

Oct 6, 09 9:50 AM CDT
(Newser) - Apartment vacancies have hit a 23-year high, as rampant unemployment continues to drive down demand, according to a New York real-estate research firm. That’s brought rents down an average 2.7% compared to last year—and the 7.8% vacancy rate is expected to climb. “The experience was... More »

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real estate • housing market • apartment • renters

 Home Prices Rise for 3rd Month 

Case-Shiller index shows modest 1.6% increase in June

Sep 29, 09 8:48 AM CDT
(Newser) - In another sign the housing market is stabilizing, home prices climbed 1.6% in July, the third consecutive month they have risen, according to the S&P Case-Shiller home-price index of 20 major cities. Though they're down 13.3% compared with this time last year, the year-over-year declines still beat... More »

MORE ABOUT:
housing market • home prices • Case Shiller price index

Housing Industry Pushes to Extend, Boost $8K Tax Credit

Real-estate industry wants program expanded; critics say let it die

Sep 16, 09 8:45 AM CDT
(Newser) - The real estate industry has loved the federal government’s $8,000 rebate for first-time home buyers, and some economists agree. But the policy is under scrutiny as some call for it to be extended beyond its Nov. 30 cutoff—at which point it’s projected to have cost the... More »

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housing market • tax credit

(Newser) - A decrease in vacant housing inventory and an uptick in sales have home builders ramping up construction for the first time in months, Time reports. Currently, the number of new homes on the market would take an estimated 8.8 months to sell—a far cry from the standard... More »

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housing market • home sales • recession • stock • homebuilders • new construction • economic recovery

Churches
Put Faith
in Housing Biz

More launch own programs to provide affordable homes

Aug 8, 09 10:39 AM CDT
(Newser) - Churches that have long called for an increase in affordable housing have started taking matters into their own hands, the Washington Post reports: A growing number of them have launched their own housing projects, partnering with developers to build whole communities. Their weekly flow of donations allows them to qualify... More »

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real estate • housing market • church • housing industry • parishioners • megachurches • women's issues

(Newser) - Nearly half of US homeowners will owe more than their house is worth by 2011, Deutsche Bank analysts said yesterday, predicting that the number of such “underwater” mortgages would nearly double from today’s 26% to 48%. Their report stated that home prices will fall another 14% between now... More »

MORE ABOUT:
housing market • foreclosure • mortgage • home prices • underwater mortgage

MARKETS

 Dow Cools, Still Rises 34


Aug 4, 09 3:17 PM CDT
(Newser) - Yesterday’s rally segued into a regular day today as markets remained mostly flat on mixed economic data, the Wall Street Journal reports. Home sales were up, but incomes down, and an expected report on rising US oil reserves hurt energy stocks. “It's a day of consolidation after... More »

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stock market • NASDAQ • New York Stock Exchange • housing market • Dow Jones • S&P 500 • oil prices • energy sector

(Newser) - It’s a tale of two housing markets out there. While low and mid-priced homes are enjoying a resurgence, high-priced residences are languishing unsold, their prices falling rapidly, the Wall Street Journal reports. “We’re extremely oversupplied,” says a real estate agent in an affluent Illinois town,... More »

MORE ABOUT:
real estate • housing market • Federal Housing Administration • real estate values • luxury homes • Timothy Geithner • jumbo mortgages

(Newser) - May home prices rose month-over-month for the first time in almost three years, according to the S&P Case-Shiller Index, edging up 0.4% from April. That still left them 17% lower than they were a year ago, however, the Wall Street Journal reports, with home prices at around... More »

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Cleveland • housing market • Las Vegas • home prices • Case Shiller price index

(Newser) - New home sales jumped 11% in June, the biggest gain in eight years, the Commerce Department announced today, as the supply fell to its lowest level in more than a decade. With mortgage rates and prices staggeringly low—the median home price fell 12%—buyers came out of the woodwork.... More »

MORE ABOUT:
real estate • housing market • economic indicators • home sales • mortgage rates • interest rate • home prices • new home sales

MARKETs

 Home Sales Send Dow 
 Over 9,000 


Jul 23, 09 10:22 AM CDT
(AP) - The Dow Jones industrials are back above 9,000 today for the first time since the beginning of January. A report of a jump in home sales eased investors' worries about one of the economy's biggest trouble spots. They responded by buying stocks across the market, lifting the major indexes... More »

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stock market • housing market • Dow Jones • Hershey • home sales • Phillip Morris • Wyeth • Ford Motor Co.

(Newser) - The Obama administration's plan to help millions of homeowners avoid foreclosure has so far been a major failure, Politico reports. It's reached just 160,000 of the 3 to 4 million homeowners it was supposed to protect, and another 2 million homes are expected to be foreclosed upon before the... More »

MORE ABOUT:
housing market • foreclosure • mortgage • mortgage loans • Senate Banking Committee • Obama administration

(Newser) - Would-be homeowners with good credit are finding themselves shut out of the mortgage market by stiff restrictions from wary lenders, the New York Times reports. Many believe that in an effort to move away from the laxness blamed for the financial crisis, lenders have gone too far the other way... More »

MORE ABOUT:
housing market • mortgage • credit crisis • mortgage loans • mortgage lender

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