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Started by S Goldstein; Last updated Feb 29, 08 6:23 AM CST by D Lim | View history

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Housing Market

Navigating today's real estate market is a tricky task for buyers, sellers and those whittling away at that 30-year mortgage; steer yourself in the right direction with these relevant articles

Stories

Stories 181 - 200 of 229

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December 2007
- Home Prices Suffer Record Monthly Drop
  
  Bloomberg | Dec 26, 07 12:25 PM CST
  
  (Newser) - Home prices plummeted 6.1% in October, a record year-over-year drop that exceeded forecasts. The index of prices in 20 major markets has dropped every month this year and fell 1.4% from the September figure, another record. The trend threatens overall consumer spending, making it more difficult for homeowners to dig into home equity funds, Bloomberg reports. More »
- Most Secure American Cities
  
  Bestplaces.net | Dec 21, 07 7:48 PM CST
  
  (Newser) - There's no place like home, especially if home is nestled safely in one of the most secure places in America. The bestplaces.net website breaks down the top 20 small towns, mid-size cities, and large metro areas: Population less than 150,000 Corvallis, Ore. Harrisonburg, Va. Ithaca, NY More »
- Nov. Housing Starts Fall 3.7%
  
  Bloomberg | Dec 18, 07 10:30 AM CST
  
  (Newser) - Housing starts fell less than expected in November, but fall they did, extending the worst housing slump since 1991. Starts fell 3.7% and, according to one analyst, probably won’t turn around until the third quarter of next year. Permits issued, which give a picture of future construction, fell to a 14-year low, Bloomberg reports. More »
- Senate Votes to Aid At-Risk Homeowners
  
  Associated Press | Dec 14, 07 4:44 PM CST
  
  (Newser) - In an attempt to quell the ongoing housing crisis, the Senate approved a bill today that would allow the Federal Housing Administration to back refinanced loans for the thousands in danger of defaulting on mortgages. The bill, which passed 93-1, also repositions the FHA as an attractive alternative to subprime lenders by lowering minimum down payments and offering homeowner counseling. More »
- Pending Home Sales Rise Slightly
  
  Wall Street Journal | Dec 10, 07 11:11 AM CST
  
  (Newser) - US home sales jumped in October and will rise slightly overall next year, beating forecasts, the Wall Street Journal reports. The National Association of Realtors' index for pending sales of existing homes spiked 0.6% in October over September, which was up 1.4% over August—but those increases are still part of a recovery from a year-long plunge, the third-biggest on record, Reuters reports. More »
- Bad Credit? Buy a Piece of Someone Else's
  
  Los Angeles Times | Dec 8, 07 8:22 PM CST
  
  (Newser) - Americans struggling with bad credit records may have a new route to a better score: For as little as $1,199, a San Diego company is offering the chance for customers to add their names to already-paid-off loans in order to boost their rating, the Los Angeles Times reports. The company says it's "100% legal," but not everyone agrees. More »
- Some Critics of Rate Freeze May Be Angry Investors
  
  Wall Street Journal | Dec 8, 07 1:34 PM CST
  
  (Newser) - Critics of the government’s new rescue plan for strapped homeowners may be investors who would cash in on a foreclosure-ridden market, one of the plan’s chief architects charges. Sheila Blair, head of the FDIC, speculated that naysayers may have a conflict of interest, the Wall Street Journal reports. “I do worry that some of the investors have taken short positions” on the subprime-mortgage securities index. More »
- Housing Crash Pushes Home Builder Into Red
  
  Bloomberg | Dec 6, 07 7:49 AM CST
  
  (Newser) - Toll Brothers, the country's largest luxury homebuilder, today reported its first quarterly loss in 21 years, Bloomberg reports, as the housing slump drove away buyers and forced the company to write down land. “Demand has just fallen off the table,” one analyst explains. Toll lost $81.8 million, or $0.52 per share, but the shares actually rose 1.7%, because analysts had predicted losses of $0.71 per share. More »
November 2007
- Home Sales Hit Record Low Despite Dropping Prices
  
  CNN | Nov 28, 07 12:41 PM CST
  
  (Newser) - Existing-home sales fell for the eighth consecutive month in October, hitting record lows in a survey of realtors. Resales dropped to an annual rate of 4.97 million, down 1.2% from September, despite a huge 5.1% drop in median price. “Price declines are part of the healing process,” an economist told CNN, “but we have a lot of healing to do.” More »
- Home Prices Suffer Record Quarterly Drop
  
  MarketWatch | Nov 27, 07 1:41 PM CST
  
  (Newser) - The housing slump deepened in September as home prices plummeted, posting a record 4.5% decline from third quarter 2006 to third quarter 2007, Marketwatch reports. The 1.7% decline from the second to the third quarter was also a record in the 21 years the bellwether index has been in use. "There is no real positive news in today's data," said Robert Shiller, who co-developed the index. More »
- Housing Permits at 10-Year Low
  
  Bloomberg | Nov 20, 07 1:45 PM CST
  
  (Newser) - Homebuilding permits fell for the fifth straight month in October to their lowest point since 1993, another signal that single-family home construction is drying up. Housing starts were unexpectedly up, but those were mostly work on condo projects. “All of us are ratcheting down our expectations for the bottom of the housing sector,” an economist told Bloomberg. “I don’t think we’re there yet.” More »
- Housing Slump Tarnishes Trump Name
  
  Wall Street Journal | Nov 16, 07 10:03 PM CST
  
  (Newser) - Proving no one is safe from the housing market downdraft, Donald Trump is experiencing some turbulence as tightening credit saps demand and leaves a few Trump Towers in the lurch. Two Florida projects with Trump's name have halted construction—even after one collected deposits from buyers—and a third may soon. A Toronto project suffered years of delays and a downsizing, and 30% of Trump Tower Chicago remains unsold. More »
- Stocks Fall Second Straight Day
  
  Bloomberg | Nov 15, 07 3:46 PM CST
  
  (Newser) - Stocks were down for a second consecutive session today on bad tidings from Wells Fargo, JC Penney, and Exxon Mobil. Mortgage giant Wells called the housing market the worst since the Depression; Exxon fell after a surprise decrease in oil prices. The Dow was down 120.96 to 13,110.05, the Nasdaq 25.81 to 2,618.51, and the S&P off 19.43 to 1,451.15. More »
- Dreary Housing Market Nails Home Depot
  
  Wall Street Journal | Nov 13, 07 7:31 AM CST
  
  (Newser) - A weak housing market hammered Home Depot’s third quarter, sending revenues down 4% and cutting net income 27%, reports the Wall Street Journal. The Atlanta-based retailer today said net income fell to $1.09 billion compared to $1.49 billion a year ago. “We are facing a tough environment as housing indicators continue to deteriorate,” said CEO Frank Black. More »
- Mortgage Rates Drop to 5-Month Low
  
  Associated Press | Nov 9, 07 2:16 AM CST
  
  (Newser) - Rates for 30-year fixed mortgages have slipped for the third week in a row. The dip to 6.24% is the lowest level since May. Mortgage rates have been falling across the board over the last week, which analysts attribute to the slackening economy. The drop follows the Fed's cut in interest rates last week—the second one in six weeks. More »
- Housing Woes May Take Toll on GOP
  
  Los Angeles Times | Nov 6, 07 3:05 PM CST
  
  (Newser) - Having played a central role in the GOP’s 2004 organizing success, America's exurbs are swinging to the left as a result of the housing crunch, the LA Times reports. With sliding home prices and soaring foreclosure rates, voters in high-growth counties across the country are growing anxious and turning away from Republicans. More »
- Calif. Budget Falls Prey to Housing Crisis
  
  Los Angeles Times | Nov 6, 07 9:26 AM CST
  
  (Newser) - With the housing crisi