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THURSDAY, NOVEMBER 26, 2009
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NEWS ABOUT: housing market

housing market stories: 238 news summaries

41 - 60 of 238 Stories | << Prev 1 2 3 4 5 6 7 ... 12 Next >>

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March New Home Sales Down 0.6%

But that's good news: Numbers are actually better than expected

Apr 24, 09 11:09 AM CDT
(AP) - New US home sales dipped slightly last month but still beat expectations as builders start to see long-awaited encouraging signs about the housing market—including a dip in the inventory of new homes for sale. Sales fell 0.6% in March to a seasonally adjusted annual rate of 356,000,... More »

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housing market • homes • home sales • Department of Commerce • home builders • new home sales • economy

(AP) - First-time homebuyers looking for bargains snapped up about half of all US homes sold last month, but the spring selling season got off to a lackluster start, with sales falling more than expected from February levels. Home sales fell 3% to an annual rate of 4.57 million in March... More »

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housing market • home sales • existing home sales

 New Home 
 Construction 
 Down 11% in March 

Slow pace projects that market dive hasn't run its course

Apr 16, 09 9:12 AM CDT
(AP) - Housing construction plunged to the second-lowest level on record last month, providing a sobering sign that the worst housing slump in decades has not ended. Construction of new homes dropped by nearly 11% , the second-lowest construction pace in records that go back 50 years. The decline was worse than economists... More »

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housing market • construction • recession • housing starts • economy • financial crisis

Foreclosures Draw Eager Buyers, but Banks Drag Feet

Red tape and bureaucracy hinder efforts to buy repo'd properties

Apr 13, 09 8:00 AM CDT
(Newser) - Bargain hunters are turning to foreclosed homes for deals, but many are finding that buying repossessed properties from banks is a bureaucratic nightmare, the Washington Post reports. Though the housing market cannot stabilize until the unprecedented volume of foreclosures is sold off, banks are sluggish to act and fraught with... More »

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housing market • foreclosure • bureaucracy • housing crisis • repossessions • bureaucratic blunders • financial crisis

(Newser) - The country’s top lenders are slowly implementing the Obama administration’s plan to help otherwise ineligible borrowers to refinance their mortgages at the current bargain-basement rates, the Wall Street Journal reports. The program is open to those with mortgages owned by Freddie Mac or Fannie Mae who are... More »

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housing market • mortgage • Freddie Mac • Fannie Mae • mortgage rates • refinanced mortgages • Obama administration

Crashed Market Opens Doors for New Homeowners

Foreclosed homes affordable to middle-class families

Apr 3, 09 8:37 AM CDT
(Newser) - Since the real estate market collapsed, buying a home has become possible for middle-class families for whom it was previously out of reach, the New York Times reports. Taina Goldman, a Miami nurse, recently paid $187,000 for a house worth $370,000 three years ago. And she’s not... More »

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real estate • housing market • foreclosure • housing

 Gonzo Blogger Exposes 
 SoCal Housing Market 

Jim Klinge's unrestrained criticism of real estate practices brings him buyers

Apr 2, 09 9:49 AM CDT
(Newser) - With “transparency” a political mantra and the housing market an unqualified mess, one real-estate broker is seeking unfettered truth, the Los Angeles Times reports. Armed with a video camera, blogger Jim Klinge is chronicling California’s real-estate crash, sparing no broker’s feelings with scathing appraisals not just of... More »

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real estate • housing market • Hunter S. Thompson • real estate values • transparency • financial crisis • Jim Klinge

Exurbs, Once Meccas for Homeowners, Now for Rent

Economy trumps plans for thriving communities

Mar 31, 09 12:48 PM CDT
(Newser) - Not long ago, the exurbs were were among the fastest-growing parts of the country, drawing people seeking to own affordable homes on sizable pieces of property. But after waves of foreclosures and soaring unemployment, more and more people are turning to renting. Renting keeps landlords afloat, but it also drives... More »

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housing market • rentals • homeownership • exurbs • McMansion

(AP) - US home prices sank by 19% in January, the sharpest annual rate on record, and the pace continues to accelerate, the AP reports, but there were a handful of battered metro areas where price declines slowed, according to data released today. The tumble taken by the Standard & Poor's/Case-Shiller index... More »

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housing market • home prices • Standard and Poor • Case Shiller price index

'Tentative' Signs Point to Healing US Economy 

But changes on paper may take time to hit pockets

Mar 28, 09 8:34 AM CDT
(Newser) - Next month, the US recession is set to become the longest since the Great Depression, but the Wall Street Journal, in the first up-beat prediction in months, musters “tentative” signs that things could be turning around. Consumer spending and sentiment rose in February, the housing market is looking more... More »

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housing market • consumer confidence • recession • recovery • consumer spending

 New-Home Sales See 
 Surprise Bounce 

But prices decline

Mar 25, 09 10:00 AM CDT
(Newser) - New-home sales took a surprise upward turn in February, the Commerce Department announced today—the first time sales have increased in seven months. But prices continued to tumble. Single-family home sales were up 4.7%, besting analyst expectations of a 2.9% decline. That still left them down 41.1%... More »

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housing market • home sales • home prices • new home sales

 Existing Home Sales Jump 5.1% 


Mar 23, 09 10:00 AM CDT
(Newser) - Previously owned home sales took a 5.1% leap in February, to an annual rate of 4.72 million, Bloomberg reports, as a median price down 15.5% year-over-year brought out the bargain hunters. That blindsided analysts, who had expected sales to fall to a 4.45 million annual rate.... More »

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housing market • home sales • home prices • existing home sales

Plummeting Mortgage Rates Near Record Low

Rate for 30-year mortgage again below 5%

Mar 19, 09 12:03 PM CDT
(Newser) - Interest rates for fixed-rate mortgages decreased this week, with the rate for a 30-year mortgage falling 0.05% to an average 4.98%, near January’s record low of 4.96%, MarketWatch reports. Thirty- and 15-year mortgage rates are down nearly a full percentage point from a year ago. The... More »

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housing market • Federal Reserve • mortgage • interest rate • 30-year mortgage • interest rates

Fannie Mae's Task: Sell 65K Homes in Buyer's Market

Unloading homes quickly while maintaining value, Fannie walks tightrope

Mar 19, 09 9:38 AM CDT
(Newser) - It’s no secret that for US homeowners, it’s not a seller’s market. But imagine having 65,000 properties to sell. That’s the task ahead of Fannie Mae, NPR reports, as its volume of repossessed homes grows by the day. The guarantor of a third of all... More »

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housing market • foreclosure • housing • Fannie Mae • home prices • housing sales • repossessions • financial crisis

AIG's Bailout Cash Flowing to Hedge Funds

$52B has paid off
those who bet against the housing market

Mar 18, 09 7:30 AM CDT
(Newser) - The government cash flowing steadily into AIG is going in no small part to pay off hedge funds that bet against the housing market, the Wall Street Journal reports. The hedge funds placed credit default swap bets with other banks—Deutsche Bank and Goldman Sachs are specifically named in documents... More »

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housing market • Goldman Sachs • Deutsche Bank • AIG • subprime crisis • credit default swap

 Scammers Set Sights on 
 Desperate Homeowners 

Calif. AG: Be 'deeply skeptical' of offers to help refinance

Mar 16, 09 2:00 PM CDT
(Newser) - A record 5.4 million homeowners across the country are behind on their mortgages, and scam artists are looking to cash in, the San Francisco Chronicle reports. Ads offering help lowering mortgage payments are everywhere. But these "loan negotiators" usually provide services that homeowners can handle on their own,... More »

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housing market • foreclosure • scam • mortgage rates • refinanced mortgages • economic stimulus package • mortgage delinquency

 18% of US Wealth 
 Up in Smoke Last Year 

Fed figures show $11 trillion was wiped out Americans' net worth last year

Mar 13, 09 6:36 AM CDT
(Newser) - Last year's stock market and housing slumps wiped out nearly a fifth of the wealth of American families, the Wall Street Journal reports. The Federal Reserve announced yesterday that  $11 trillion—more than the output of Britain, Germany and combined—was erased from the net worth of households in 2008,... More »

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stock market • housing market • Federal Reserve • recession • US economy • home prices • financial crisis • recession depression

 Foreclosures Undercut Builders 


Mar 11, 09 11:00 AM CDT
(Newser) - Foreclosures and other vacant homes make this a tough time to be a builder, the Wall Street Journal reports. Consider Pulte Homes, which is selling a new, four-bedroom home in Las Vegas for $214,990—while a short sale nearby offers a similar Pulte-built home for $149,999. “We... More »

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housing market • foreclosure • home builders • housing starts • existing home sales • new home sales • financial crisis • Pulte Homes • KB Home • Centex • DR Horton

Analysis

 Housing Rebound 
 Unlikely in '09 


Mar 7, 09 10:27 AM CST
(Newser) - If you’ve been waiting for a housing recovery, keep waiting. This March-June, the season when most homes are typically bought and sold, promises to be the worst since the bubble burst in 2006, the New York Times reports. Some 19 million homes—nearly one of every seven nationwide—... More »

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real estate • housing market • home prices • housing sales

Obama Housing Rescue Plan Leaves Many Out in Cold

Criteria keep many who need help from refinancing under the plan

Mar 5, 09 8:40 AM CST
(Newser) - A large swath of Americans will see no help under the Obama administration’s housing rescue plan, the New York Times reports. While designed to prevent 3 million to 4 million foreclosures through loan modifications, the plan doesn't cover those whose loans aren’t backed by Fannie Mae or Freddie... More »

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housing market • foreclosure • Freddie Mac • Fannie Mae • mortgage debt • mortgage lender • underwater • mortgage defaults • Obama administration • financial crisis • President Obama

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