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TUESDAY, NOVEMBER 24, 2009
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NEWS ABOUT: housing market

housing market stories: 238 news summaries

21 - 40 of 238 Stories | << Prev 1 2 3 4 5 6 ... 12 Next >>

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(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

(Newser) - Another wave of foreclosures is on the way, possibly as early as this summer, threatening to upend a housing market that had begun to stabilize, the LA Times reports. Though loan defaults are up sharply, banks have been delaying foreclosures lately thanks to the Obama administration’s home-stability plan.... More »

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housing market • foreclosure • housing • home prices

OECD report

 Recession Will 
 End This Year 

But growth will be sluggish through 2010, says Paris development group

Jun 24, 09 6:53 AM CDT
(Newser) - The US recession will end this year, but fragile financial markets and sapped consumer wealth will keep the pace of recovery sluggish, an influential Paris-based economic prognosticator said today. The OECD—Organization for Economic Cooperation and Development—predicted that the US economy will shrink by 2.8% this year and... More »

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housing market • growth • recession • US economy • economy • Organization for Economic Cooperation and Development

 Tough Times Threaten New England's Triple-Deckers

Foreclosures, neglect thin the ranks of distinctive homes

Jun 20, 09 5:35 AM CDT
(Newser) - The distinctive three-decker homes found throughout urban New England are swiftly becoming an endangered species, the New York Times reports. The homes—mostly built around a century ago to accommodate new immigrants—were snapped up by investors in boom times who rented them out without doing any maintenance. They are... More »

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architecture • housing market • homes • foreclosure • New England • triple-decker

 Home Construction Leaps 17% 


Jun 16, 09 8:13 AM CDT
(Newser) - Homebuilders were busy in May, as housing starts took an unexpected 17% leap, Bloomberg reports. Lower prices and tax incentives were enough to bring in the buyers, bumping the annual rate to 532,000 homes, up from 454,000 in April. Building permits were also up more than forecast. “... More »

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housing market • homebuilders • housing industry • housing starts

(Newser) - As foreclosure sales begin to lure buyers back to the housing market in some parts of the country, realtors in New York are finding the market crisis has come home to roost, Reuters reports. Things are bad and could soon be much worse. Condo sales in Manhattan have plummeted 71%... More »

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New York City • Manhattan • housing market • home sales • housing crisis • luxury condo • Hamptons

 As Ariz. Housing Heads South, 
 Kidnappers Move In 

Failing housing market leaves homes abandoned for kidnappers to use

Jun 10, 09 6:23 AM CDT
(Newser) - Gangs of kidnappers preying on illegal Mexicans immigrants or drug rivals are turning Phoenix into the kidnap capital of the US, reports the Wall Street Journal. In one raid, 30 shivering, half-naked smuggled immigrants were discovered in an abandoned home. They had been shaken down for thousands of dollars.... More »

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illegal immigrant • crime • Arizona • housing market • kidnapping • Phoenix • drug cartel • kidnapper • smuggling • Mexican

 Celebs Headed 
 for Foreclosure 

Jacko, Canseco, Ed McMahon fight for roofs over their heads

Jun 8, 09 3:22 PM CDT
(Newser) - Even the famous aren't immune to foreclosure, as these celebrities, listed in Forbes, prove:
  • Xzibit: A pimped ride hasn’t been enough to pay the bills on his $536,000 Woodland Hills, Calif., home.
  • Jose Canseco: The ex-ballplayer, who penned a book on big-league steroids, stands to lose
... More »

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entertainment • housing market • foreclosure • housing • Jose Canseco • Evander Holyfield • house • Michael Jackson • home • mansion • Ed McMahon • Victoria Gotti • Xzibit

Housing Market Woes Hit Home for Geithner

Treasury secretary
can't sell, stuck renting
out his NY home

Jun 3, 09 9:57 AM CDT
(Newser) - Housing market troubles are getting personal for Tim Geithner, the AP reports. The Treasury secretary bought his five-bedroom suburban New York Tudor for $1.6 million in 2004; after moving to Washington, he tried to sell it for $1.635 million. The price later dropped to $1.575 million, but... More »

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housing market • mortgage • home sales • rent • housing sales • Treasury secretary • financial crisis • Timothy Geithner

(Newser) - Pending sales of existing US homes soared in April, posting their largest jump since October 2001. Combined with a 3.2% jump in March, the 6.7% increase in April—far more than the forecast 0.5%—suggests a longer-term upward trend, the Wall Street Journal reports. Dipping prices, low... More »

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housing market • mortgage • home sales • mortgage rates • home prices • existing home sales • tax credit • existing-home sales

'F@$%! I Wish I'd Refinanced My House'

With mortgage rates rising, homeowners regret not acting sooner

May 31, 09 2:02 PM CDT
(Newser) - Many homeowners are kicking themselves for not refinancing sooner now that mortgage rates are climbing, ABC News reports. “I was going to save $325 a month, and that covers all kind of things, from gas to groceries,” lamented one. “$325 is a lot of money.” And... More »

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housing market • Federal Reserve • economist • mortgage rates • homeowners • refinanced mortgages

 Mortgage Rates 
 Hit 3-Month High 

Housing and consumer-spending rebound hopes endangered

May 29, 09 7:28 AM CDT
(Newser) - Mortgage rates jumped to a three-month high yesterday, putting hopes for a rebound in the housing market and consumer spending at risk, the Wall Street Journal reports. The average 30-year fixed rate hit 5.44% from 5.29% the day before and 5.03% Tuesday. The rates make it tougher... More »

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housing market • consumer spending • mortgage rates • mortgage defaults • mortgage delinquency

MARKETS

 Dow Up 196 on Confidence Data 


May 26, 09 3:11 PM CDT
(Newser) - A positive report on consumer confidence gave stocks a boost today, despite poor numbers from the housing sector, the Wall Street Journal reports; financials and construction-related stocks jumped as much as 5%. Home prices, however, were down 19.1% from the first quarter of 2008. The Dow gained 196.17... More »

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NASDAQ • New York Stock Exchange • housing market • Dow Jones • consumer confidence • S&P 500

MARKET Open

 Stocks Down on 
 Housing Data 


May 26, 09 8:48 AM CDT
(Newser) - A bad Case-Shiller number helped push stocks lower at the open, with the Dow down 37 points, and the Nasdaq and S&P down 0.4% and 0.5% respectively. Home prices fell more than 10% year-over-year in 15 of the 20 major metropolitan areas monitored by the Case-Shiller index,... More »

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stock market • housing market • Dow Jones • General Motors • Nasdaq • Case Shiller price index • S&P 500

New Foreclosure Legislation May Not Be Enough

Congressional aid to homeowners may need overhaul, not 'patches'

May 22, 09 12:45 PM CDT
(Newser) - Congress’ Hope for Homeowners plan was aimed at fighting the foreclosure epidemic, and it’s been a success for exactly one person. Now, lawmakers have put “patches” on the legislation—but some worry the fixes aren’t going to do the job, ProPublica reports. Instead, it needs “some... More »

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Congress • housing market • foreclosure • mortgage • homeowners • mortgage lender • Hope for Homeowners

 Investors Storm 
 Housing Market 

Aim to take advantage of current low prices

May 20, 09 7:18 AM CDT
(Newser) - Investors are snatching up cheap houses, hoping to turn a profit when the market picks up, the Wall Street Journal reports. Some are foraging far and wide for potential purchases; others are locals who know the ins and outs of the area market. Investors often make all-cash offers, helping them... More »

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real estate • investors • housing market • home sales • investment firm • real estate values • financial crisis

Foreclosure Crisis Wallops Minority Neighborhoods

Lenders accused of 'redlining' black neighborhoods for subprime loans

May 16, 09 6:44 AM CDT
(Newser) - The national foreclosure crisis is battering minority neighborhoods with disproportionate force, the New York Times reports. Few areas in the New York region have been untouched by the crisis, but 85% of the worst-hit neighborhoods have a majority of black and Latino homeowners. Experts blame the trend on subprime lenders'... More »

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African Americans • housing market • subprime mortgages • foreclosure • mortgage • minorities • subprime crisis

 1 in 5 Homeowners Underwater 

Negative equity spikes to 21.9% as prices keep dropping

May 6, 09 7:09 AM CDT
(Newser) - More than one in five American homeowners owe more on their mortgages than their homes are worth, according to a new study. The increase in negative equity has been accompanied by new signs that first-time buyers are taking advantage of lower prices in the housing market. But as prices continue... More »

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housing market • mortgage • housing • negative equity • underwater • upside-down mortgages

ANALYSIS

In Market Hit Early, Signs of
a Recovery

Some see bottom, others 'fool's gold' in Sacramento real estate

May 5, 09 8:53 AM CDT
(Newser) - In Sacramento, one of the first US cities to see the housing market crumble, there are glimmers of recovery, the New York Times reports. Sales have jumped 45% from last year, and investors and first-time buyers are on the prowl. “It’s fragile, and it could easily be fleeting,... More »

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housing market • Sacramento • foreclosure • recovery • financial crisis

 Faux Owners Dress Up 
 Luxury Homes for Sale 

Rewards await those who can make an empty house look like a million dollars lives there

Apr 25, 09 10:41 AM CDT
(Newser) - The slump at the top of the property market has been a bonus for people who can make a mansion look like a happy home but can't afford one of their own, reports the Wall Street Journal. Realtors stuck with empty luxury homes have been seeking the services of resident... More »

MORE ABOUT:
real estate • housing market • property

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