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SUNDAY, NOVEMBER 22, 2009
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NEWS ABOUT: housing crisis

housing crisis stories: 149 news summaries

81 - 100 of 149 Stories | << Prev 1 2 3 4 5 6 7 8 Next >>

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Opinion

 'Tinker Bell Market' 
  Fallout Wallops Taxpayers  

Built on the fairy dust of borrowed money, Wall Street was doomed to fall

Apr 1, 08 12:00 PM CDT
(Newser) - Although he doesn't foresee long-term catastrophe, Allan Sloan of Fortune sounds an alarm in today's Washington Post, saying he's "more nervous about the world financial system now than I've ever been in my 40 years of covering business and markets." He dissects "the collapse of a... More »

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Henry Paulson • Bear Stearns • housing crisis • subprime crisis • Allan Sloan

 Bush Readies Mortgage Bailout 

Aid plan would back new loans for homeowners in 'upside-down' mortgages

Mar 29, 08 6:48 AM CDT
(Newser) - Homeowners facing foreclosure could soon be getting a helping hand from the Bush administration, the Washington Post reports. Details are being finalized on a plan that would see portions of loans forgiven for people who now owe the bank more money than their house is worth. The remainder would be... More »

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Ben Bernanke • subprime mortgages • Henry Paulson • foreclosure • mortgage • loans • Federal Housing Administration • Hope Now Alliance • housing crisis • negative equity • George W. Bush

 Foreclosure Victims Also Furry 

As more people lose their homes, so do their pets

Mar 25, 08 1:36 PM CDT
(Newser) - As foreclosure rates skyrocket around the country, animal shelters are feeling a heartbreaking byproduct: an influx of pets being surrendered, USA Today reports. Across the country, areas with high foreclosures are seeing increased rates of pet abandonment, and shelters worry that even more could be coming as unemployment rates rise... More »

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pets • foreclosure • Humane Society • housing crisis • abandonment • dog • cat • ASPCA

 Home Prices, Consumer  
 Confidence Nosedive  

Housing trouble worsens as recession worries mount

Mar 25, 08 9:58 AM CDT
(Newser) - Home prices plummeted again in January, falling a record 10.7% compared to January 2007, according to the bellwether S&P Case/Shiller Hope Price composite. The March consumer confidence index, also out today, plunged to a 5-year low in yet another indication of recession, Bloomberg reports. The Conference Board measures... More »

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home sales • consumer confidence • housing • recession • home prices • Case Shiller price index • housing crisis

 Surprise! Existing
 Home Sales Jump 

February's 2.9% rise surprises analysts; median price tumbles unprecedented 8.2%

Mar 24, 08 10:45 AM CDT
(Newser) - Existing home sales stunned Wall Street today with an unexpected spike, Bloomberg reports. The metric rose 2.9% in February to an annual pace of 5.03 million. Analysts had predicted yet another decline, to a 4.85 million pace. But one economist said this was only a “temporary... More »

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housing market • foreclosure • condominium • home prices • housing crisis • existing home sales • new-home sales • existing-home sales • single-family homes

What Hollywood Will Pay to Be in Malibu: Anything

Top rental fetches $150K per month

Mar 24, 08 10:00 AM CDT
(Newser) - US real estate is hurting, but the top price for a beachfront summer rental in Malibu hit $150,000 this year. The area is flush with homes valued at or above $10 million—a bracket unaffected by the housing slump. And Tinseltown's elite is happy to pay. "Recession? What... More »

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California • Hollywood • real estate • celebrity • Malibu • housing crisis • beachfront

 Condo Glut Floods Cities 

Bargains abound as boom-time projects completed

Mar 22, 08 8:17 AM CDT
(Newser) - A deluge of new condos is about to hit many American cities already flooded with an unprecedented number of unsold units, the Wall Street Journal reports. This year, thousands of projects started at the height of the housing boom will be completed; oversupply and economic slowdown are likely to cause... More »

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housing market • construction • mortgage • property • housing • condominium • housing crisis • building

Bernanke's Home Is Case in Slump's Point

Fed chief's DC digs worth about the same as in 2004

Mar 20, 08 12:51 PM CDT
(Newser) - Federal Reserve boss Ben Bernanke’s own home illustrates the very crisis his organization must fight—in the midst of a national housing slump, it’s worth roughly the same as when he bought it in 2004, Bloomberg reports. Values peaked just after that; the fact that his Capitol Hill... More »

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Ben Bernanke • Capitol Hill • housing crisis • subprime crisis • home values

Bernanke Looks Impotent as
Fed's Fixes Fail

Economic woes may be beyond cure by monetary medicine

Mar 17, 08 11:11 AM CDT
(Newser) - Ben Bernanke has employed virtually every tool in the Federal Reserve's kit to calm markets panicked by the credit crisis, but hasn't scored any more than temporary rallies, Bloomberg reports in a look at the markets' fading faith in the Fed chief—and the Fed itself. "The Fed has... More »

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Ben Bernanke • Federal Reserve • Bear Stearns • recession • credit market • housing crisis • Whac-A-Mole • Alan Blinder

ANALYSIS

'Perfect Storm' Batters US Economy

Unpredictable markets continue to feed stagflation fears

Mar 14, 08 12:30 PM CDT
(Newser) - A perfect storm of economic maladies has the US economy reeling on the edge of recession and officials struggling to limit the damage it causes, reports the New York Times. But many economists say there isn’t much the government or policy makers can do besides batten down the... More »

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stock market • housing crisis • subprime crisis • economy

French Get Dirty to Pay the Rent 

Sex-for-accomodation on the rise in crashing housing market

Mar 13, 08 1:41 PM CDT
(Newser) - France is in the throes of its worst housing crisis since World War II, which has led to some sordid dealings in some cities. With many young people unable to pay sky-high rents, landlords are offering apartments “for services”—usually sexual ones, the BBC reports. As homelessness and... More »

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France • sex • rent • Paris • housing crisis • Ministry of the Housing Crisis

Home-Equity Loans Latest to Bite Banks

Even lenders that dodged subprime chaos suffering big trickle-down losses

Mar 12, 08 12:03 PM CDT
(Newser) - Home-equity loan defaults are soaring, the Wall Street Journal reports, as the trickle-down effect of the subprime mortgage crisis makes its way into what was once a source of big profits for lenders. JP Morgan Chase and Wells Fargo both escaped major writedowns on subprime mortgages gone bad, but already... More »

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Bear Stearns • Wells Fargo • National City • Washington Mutual • SunTrust Banks • housing crisis • subprime crisis • home-equity loans • JPMorgan Chase

Shops Shut
as Wind Goes Out of Sales

Store closings rise along with gas prices, foreclosures

Mar 11, 08 3:59 AM CDT
(Newser) - Soaring gas prices and a still-boiling housing crisis are taking their toll on America's smaller retailers, with store bankruptcies and vacancy rates rising steadily as customers avoid impulse-buys that once fueled the industry's rapid expansion, reports AP. Vacancies hover between 7% and 8%, up from 5% just six months ago—... More »

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recession • US economy • gas prices • retail sales • retail stores • retail shopping • housing crisis • weakening economy • shoppers

As Margin
Calls Mount, Carlyle Holds
'Crisis Talks'

Private equity giant's subsidiary imperiled

Mar 10, 08 12:40 PM CDT
(Newser) - The Carlyle Group is holding emergency talks with lenders to try to save its drowning Carlyle Capital division, the Washington Post reports. Creditors have decided that Carlyle’s portfolio of traditionally safe mortgage-backed securities holdings isn’t good enough in the current market, and they're demanding $400 million more... More »

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private equity • Carlyle Group • credit market • mortgage loans • mortgage backed securities • housing crisis • subprime crisis

Commercial
Real Estate Will Slow, Not Tank

Malls, offices won't be hit nearly as hard as housing, experts say

Mar 10, 08 9:18 AM CDT
(Newser) - The commercial real estate market has slowed dramatically, but won’t rival the housing implosion, reports the Wall Street Journal. Prices will likely fall just 20%, compared with 40%-plus for homes in some markets, and commercial property owners—unlike record numbers of homeowners facing foreclosure—have largely been able to... More »

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foreclosure • recession • US economy • credit crisis • mall • real estate values • housing crisis • commercial real estate

US Sees Worst Decline
in Jobs Since 2003

Payrolls dropped by 63,000;
recession fears intensify

Mar 7, 08 7:58 AM CST
(Newser) - The US lost 63,000 jobs in February, the second straight month payrolls contracted and the worst drop since 2003, catching economists off guard and fanning fears of recession anew, Bloomberg reports. Economists hoped the economy would add 23,000 jobs after declining a modest 17,000 in January, when... More »

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Ben Bernanke • Federal Reserve • construction • recession • unemployment • factory • manufacturing • job market • job cuts • housing crisis • building • job

Foreclosures Soar in Q4

Borrowers' poor credit, not rate resets, blamed for latest spike

Mar 6, 08 1:55 PM CST
(Newser) - Home foreclosures and mortgage delinquency in the US saw record highs in the last three months of 2007. Reuters reports that 0.83% of US loans entered foreclosure in the fourth quarter, close to double the 0.54% of the same period in 2006. Mortgage delinquency hit 5.82%, the... More »

MORE ABOUT:
foreclosure • mortgage • Mortgage Bankers Association • credit crisis • housing crisis • mortgage delinquency

Depression-Era FHA Tries to Save Mortgages

Long-sidelined agency now a central player
in the credit crisis

Mar 6, 08 1:00 PM CST
(Newser) - It’s been a while since the Federal Housing Administration was relevant. But now policymakers are counting on the Depression-era agency, which mostly insures mortgages, to once again solve a housing crisis. FHA-insured loans are swiftly becoming substantially cheaper than their Fannie Mae or Freddie Mac backed counterparts. “The... More »

MORE ABOUT:
housing market • Freddie Mac • Fannie Mae • Federal Housing Administration • housing crisis • economic stimulus package • subprime crisis • mortgage insurance • FHA • FHA mortgage • Great Depression

OPINION

Homeownership Is No Cure-All

Time to think about the costs, not just the perks, of owning a home

Mar 3, 08 1:00 PM CST
(Newser) - One casualty of the housing bust may be the American belief that homeownership is the universal key to a strong economy and healthy society, writes James Surowiecki in the New Yorker. The idea that homeownership leads to greater investment in the community may be true, but owning a home in... More »

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homeownership • housing crisis

Sinking Home Values Lead to 'Walkaways'

Owners grappling with negative equity
can afford to pay but choose not to

Feb 29, 08 11:47 AM CST
(Newser) - Freefalling home values may be creating yet another crisis in the mortgage industry. The new phenomenon: homeowners capable of paying their mortgages who walk away, unwilling to pour money into a property that’s worth less than they originally paid. "It may not be a big thing yet, and... More »

MORE ABOUT:
foreclosure • home prices • housing crisis • housing bubble • negative equity

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