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FRIDAY, NOVEMBER 27, 2009
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NEWS ABOUT: housing bubble

housing bubble stories: 34 news summaries

21 - 34 of 34 Stories | << Prev 1 2

Home Sales Up 5.5%,
Biggest Gain in 5 Years

Inventories still at historic highs

(AP) - Sales of existing US homes rose by the largest amount in more than five years in last month, a real estate trade group said today. The data offer a glimmer of hope that the housing slump could be starting to bottom out. The National Association of Realtors said sales of... More »

OPINION

Enough about the Deficit: It's Time to Spend

The Fed can't help much, but the government can

(Newser) - Volatile markets rule the headlines, but the imperiled nonfinancial economy is more worrisome, Paul Krugman writes in the New York Times. The way to get that rolling again, contrary to what John McCain said in Wednesday’s presidential debate, is to ignore the deficit and increase government spending. As retail... More »

Analysis
(Newser) - The most panicky phase of the global financial crisis is likely over, thanks to the combined efforts of the world’s governments, writes Steven Pearlstein in the Washington Post. But don’t “confuse this moment of calm with a stock market bottom or a sign that a serious... More »

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stock market recession credit market market bubble housing bubble financial crisis Steven Pearlstein

OPINION

Mortgage Crisis? Blame George Bailey

It's A Wonderful Life hero helped poor buy unaffordable homes

(Newser) - The housing bubble that triggered the current economic crisis began with a post-Depression attitude toward owning a home presented in the classic Christmas flick It’s a Wonderful Life, writes Ross Douthat in the Washington Post. Hero banker George Bailey’s chief goal was to loan the poor enough money... More »

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FDR homeownership public housing housing bubble suburban sprawl suburbs Great Depression McMansion financial crisis

Analysis

All Economy's Bubbles
Have Burst at Once

Dominoes tumble from real estate to credit to commodities

(Newser) - The real reason the global economy is tanking is because a huge set of financial bubbles are all bursting at once, explains Steven Pearlstein in the Washington Post. The US real-estate bubble started the party, leading to a burst in the credit bubble, the corporate takeover bubble, and... More »

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global economy credit market market bubble housing bubble economy oil bubble financial crisis

OPINION

Housing Will Bottom June 30, 2009: Cramer

Bombastic guru lists
10 signs of a real-estate turnaround

(Newser) - Jim Cramer has spent over a year “shouting in my usual unhinged way” about the bleak real estate market, he writes in New York. But now he’s so confident housing’s headed for a bottom that he’ll name the exact date: June 30, 2009. Why?
... More »

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housing market Freddie Mac Fannie Mae Jim Cramer home prices housing crisis housing bubble FHA mortgage

OPINION

Feel Good Again About
Your Pricey House

In 10 years, you'll be back in the black

(Newser) - Bought an expensive house right before the subprime crash? Fret not, writes Chris Ayres in the Los Angeles Times. With 5% inflation, lower interest rates, and a mortgage tax deduction, buyers of pricey houses will be smiling in 10 years. "If you're a boom-time buyer who can still pay... More »

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homes interest rate housing crisis housing bubble economy adjustable-rate mortgages

European Unity Threatened by Economic Slowdown

Slowdown in Spain is representative of the EU's growing economic ills

(Newser) - Europe seems to be catching the economic malaise that has already affected the US, and the downturn is putting a damper on member nations' enthusiasm for the 15-year-old Economic Union, the Washington Post reports. Revised projections show European economies slowing down as much, if not more, than the US over... More »

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Spain European Union world economy credit crisis housing bubble weakening economy

 Housing Crash Spawns
 Ghost Subdivisions

Residents live solitary lives in half-built developments

(Newser) - The housing bust has left ghost towns scattered across the nation, the Wall Street Journal reports. In a tour of half-built or largely empty developments, the paper finds residents who moved in early, only to find themselves leading lonely lives surrounded by eerily deserted homes and weed-strewn lots. One woman... More »

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housing market housing housing industry housing bubble vacant homes

column

How to Make Millions Off Misfortune

Put bubble markets
to work for you,
writes Joel Stein

(Newser) - From tech stocks to real estate, the succession of bubble markets leads Joel Stein to ask himself: How can I exploit other people's bad investment decisions? The Los Angeles Times columnist teams up with a Princeton economist "to figure out where people will idiotically dump their money next."... More »

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currency exchange money investment market bubble housing bubble

ANALYSIS

 'Evangelist' Renter: Time to Buy 

NYT analyst says buying begins to make sense again

(Newser) - As property prices head back down, a self-proclaimed "evangelist" of renting is trading in the lease for a mortgage. David Leonhardt of the New York Times has been advising people for years not to buy a home and get their money tied up in a housing bubble, but he... More »

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housing market property rent homeownership housing bubble property values

Sinking Home Values Lead to 'Walkaways'

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

(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 »

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foreclosure home prices housing crisis housing bubble negative equity

Rosy Realtor Ads Omit Pesky Housing Crash

NAR campaign claims slumping market is a can't-lose investment

(Newser) - Apparently, real estate is a can’t-fail investment right now. Or at least, that’s the questionable gospel the National Association of Realtors is preaching, in a blitz of new commercials claiming that home values, on average, double every 10 years, and that a home is “the key to... More »

How Low Will Bernanke Go?

Fed meets Wednesday to decide if another rate cut is needed right now

(Newser) - The Fed’s emergency three-quarter percentage-point cut Tuesday to the short-term interest rate was a boon to US markets, but whether the Fed will go lower in its interest-rate lambada remains to be seen. Most analysts expect a half-point cut, to 3%, at the Fed's meeting Wednesday, reports the Wall ... More »

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Ben Bernanke Federal Reserve prime rate housing bubble interest rate cut

21 - 34 of 34 Stories | << Prev 1 2