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SUNDAY, NOVEMBER 22, 2009
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NEWS ABOUT: housing crisis

housing crisis stories: 149 news summaries

141 - 149 of 149 Stories | << Prev 1 ... 4 5 6 7 8

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Credit Crisis Could Torpedo UK Housing Market, Too

Prices more inflated than US, agency warns

Oct 17, 07 3:14 PM CDT
(Newser) - Britain risks its own housing price crash, according to an International Monetary Fund report. The UK is in a credit crunch similar to the ongoing US version, and its housing is more overpriced than the US market before the crisis. In fact, "a number of advanced economies' housing markets... More »

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International Monetary Fund • home prices • Britain • housing crisis

Paulson: Economy in Danger

Oct 16, 07 12:40 PM CDT
(Newser) - The ongoing housing implosion poses “a significant risk” to the economy, Treasury Secretary Henry Paulson said in a speech at Georgetown University today, in a sobering about-face from earlier attempts to downplay the crisis. “The ongoing housing correction is not ending as quickly as it appeared,” he... More »

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subprime mortgages • Henry Paulson • housing • US economy • Treasury Department • housing crisis

Housing Still a Drag: Fed Chief

Setbacks likely, says Bernanke, who offers no hints on interest rate status

Oct 16, 07 5:38 AM CDT
(Newser) - The real estate slump will continue to be a "significant drag" on US economic growth well into next year, said Federal Reserve Chairman Ben Bernanke in his first speech on the economy since August. Recovery from the credit crisis will take time, and setbacks are likely, Bernanke told the... More »

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Federal Reserve • subprime mortgages • recession • credit market • interest rate • Federal Open Market Committee • Economic Club of New York • commercial paper • housing crisis

Home Sales Sink to 5-Year Low

Stats at 5-year low due to credit crunch

Sep 25, 07 12:52 PM CDT
(Newser) - Sales of previously owned US homes fell 4.3% in August, marking a 5-year low point and continuing the housing swoon growing out of the credit crisis. Although the drop was slightly less than expected, borrowing costs have risen and mortgage qualification has gotten harder, so demand is down and... More »

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housing market • credit crisis • housing sales • housing crisis

Largest US Homebuilder Posts Biggest Losses Ever

Lennar stock drops after worse-than-expected earnings report

Sep 25, 07 10:56 AM CDT
(Newser) - The atrophied housing market has sent America’s largest homebuilder into even more of tailspin than expected. Lennar announced today it lost $513.9 million last quarter, or $3.25 per share—the worst losses in its 53-year history. Lennar says home discounting and the dismal mortgage situation will force... More »

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housing market • subprime mortgages • housing • home prices • Lennar Corp. • housing crisis • subprime crisis

Home Foreclosures Hit Record

August numbers double, with no end in sight

Sep 18, 07 12:14 PM CDT
(Newser) - Another 108,716 American homeowners received foreclosure notices in August, a record total more than double last year’s figure. And this is only the beginning, say analysts, who expect even more subprime borrowers to default over the next 2 years. That will further depress housing prices, which are expected... More »

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housing market • subprime mortgages • foreclosure • home loans • homeowners • borrowers • housing crisis

Jobless Claims Rise, but Economists See Silver Lining

Figures lower than expected as labor market deals with volatility

Sep 13, 07 1:45 PM CDT
(Newser) - First-time applications for jobless claims rose last week, but economists are encouraged that the figures were less than expected, Bloomberg reports today. Claims grew by 4,000 to 319,000—still well short of the 325,000 applications expected. The numbers suggest that the labor market isn’t collapsing, despite... More »

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unemployment • consumer spending • US economy • credit market • Department of Labor • jobless claims • housing crisis • job

New-Home Sales Grow, Spur Wall St.

But new figures don't fully reflect credit market's impact, analysts say

Aug 24, 07 11:21 AM CDT
(Newser) - New-home sales grew 2.8% last month, delivering an unexpected bit of good news to investors still reeling from the credit crunch. But the housing market, which had been rebounding in recent months from a slump, will likely show renewed weakness after he mortgage crisis dust settles, Bloomberg reports. More »

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Ben Bernanke • Wall Street • real estate • Federal Reserve • home sales • credit market • interest rate • Countrywide • Toll Brothers • Department of Commerce • housing crisis

New Flood of Foreclosures Looms

Adjustable borrowers face up to 35% spikes in mortgage payments

Jul 10, 07 5:24 AM CDT
(Newser) - When adjustable-rate mortgages are increased this year, hundreds of thousands of subprime borrowers  could lose their homes, triggering a precipitous drop in the housing market, CNNMoney reports. The threat is the latest in the emerging subprime loan crisis. Heartland industrial areas, as well as once-hot markets in California, Nevada and... More »

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housing market • subprime mortgages • mortgage • loans • home loans • borrowers • housing crisis

141 - 149 of 149 Stories | << Prev 1 ... 4 5 6 7 8


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