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SUNDAY, NOVEMBER 22, 2009
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NEWS ABOUT: home values

home values stories: 9 news summaries

(Newser) - From New York and Los Angeles to devastated Rust Belt towns, falling home prices are leaving local governments in a pinch, the New York Times reports. Desperate for extra cash, homeowners are petitioning assessors in droves to lower their property taxes and match property values. “It’s worthy... More »

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homeowners • tax revenue • home values • property values • refund • property tax • local government • assessor

 US Household Wealth 
 Falls Record $5.1T 

Combined five-quarter drop is nearly as big as US GDP for 2008

Mar 12, 09 2:19 PM CDT
(Newser) - The wealth of US households fell at a record pace in the last quarter of 2008, as drops in home values and stock prices accelerated, Bloomberg reports. Net worth for households and non-profits fell $5.1 trillion to $51.5 trillion, nearly twice the decline between the second and third... More »

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stock market • United States • GDP • home prices • home values • economy • recession depression

How One Woman's Home, and Dream, Foreclosed

One woman's story helps us understand today's financial mess

Oct 26, 08 6:42 PM CDT
(Newser) - When a California woman bought a home 3 years ago, she had little idea that her mortgage would help drag down the nation's economy—and the world's, the Sacramento Bee reports. Erin O'Hagan and two family members pooled incomes to buy a $475,000 Sacramento home, and planned to refinance... More »

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foreclosure • home values • adjustable-rate mortgages • financial crisis

American Consumers Stop Spending: 'They All Feel Poor'

Unending bad news has sent consumer confidence reeling

Oct 6, 08 7:34 AM CDT
(Newser) - Consumers, hit by a tsunami of economic bad news, have dramatically cut back spending in recent weeks, on everything from clothes to cars to airline travel to dining out, reports the New York Times. The slowdown all but guarantees a drop in consumer spending for the third quarter, the first... More »

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restaurant • consumer spending • retail sales • auto sales • home values

Home Prices Fall Again;
Rate of Decline Sets Record

Consumer confidence numbers offer ray of hope

Jul 29, 08 11:01 AM CDT
(Newser) - Home prices continued to nosedive in May, a signal that the housing crisis may be worsening and a red flag for the credit markets and Wall Street, reports the New York Times. Every region covered by the S&P/Case-Schiller home-price index showed a drop compared to May 2007, with... More »

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housing market • consumer confidence • recession • credit crisis • home prices • Case Shiller price index • housing crisis • subprime crisis • consumer confidence index • home values

 US Lost 62K Jobs in June 

US payrolls suffer sixth straight monthly decline

Jul 3, 08 8:23 AM CDT
(Newser) - US employers, battered by rising fuel prices and a stuttering economy, continued to cut payrolls in June, eliminating some 62,000 jobs. It was the sixth straight monthly drop, reports the Wall Street Journal, and nearly 13% more than economists expected. Payrolls have fallen 438,000 so far this year,... More »

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unemployment • gas prices • payrolls • home values • economy

Economy

Existing Home Contracts Down in February

Still no sign of bottom in housing values

Apr 8, 08 1:00 PM CDT
(Newser) - Contracts to buy previously owned homes declined 1.9% in February, according to the National Association of Realtors’ index, which fell to its lowest levels since its creation in 2001. The drop was nearly double the 1% decline analysts predicted, reports Bloomberg, and sent stocks tumbling further. More »

MORE ABOUT:
housing market • housing • home resales • existing home sales • home values

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

During Bust, Green Groups Make Land Grab

Conservationists
snatch idle land from developers' hands

Feb 17, 08 12:19 PM CST
(Newser) - As the subprime debacle rips through real estate, leveling home values and clogging the market with unsold property, an unlikely group of vultures is descending, reports Newsweek. Conservation groups and local governments alike, which sat on the bench during the last boom, are snapping up land from would-be developers to... More »

MORE ABOUT:
real estate • conservation • housing market • housing crisis • Trust for Public Land • land conservation • public land • home values

9 Stories


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