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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 161 - 180 of 229

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February 2008
- Best Places for Home Bargains
  
  Forbes | Feb 13, 08 2:13 PM CST
  
  (Newser) - Certain housing markets are better than others for bargain-hunters, Forbes reports, and they're generally the ones with a glut of homes, strong job growth, and a low rate of foreclosures. Forbes rattles off its top 10: Salt Lake City: highest job growth in the country, and low foreclosure Raleigh, NC: expanding economy keeps homeowners in the dough Orlando: sleepier than South Florida hotspots, so not as hard hit by the crunch Charlotte, NC: excess inventory and an influx of transplants from the North More »
- Soaring Costs Force Workers Out of Key West
  
  Los Angeles Times | Feb 10, 08 5:58 PM CST
  
  (Newser) - High Key West housing costs are sparking an exodus of residents and leaving the island's tourists with too few people to serve them, the Los Angeles Times reports. Some 2,000 workers have fled in the past 7 years, a crushing blow to a county that houses 75,000 residents but serves 2.25 million overnight tourists each year. More »
- 10 Lies Homeowners Tell Buyers
  
  MSNBC | Feb 8, 08 6:41 PM CST
  
  (Newser) - When a homeowner is desperate to sell and a buyer is ready to fork over the cash, the truth about a house is often swept under the rug, MSNBC reports. Watch out for frequent fibs when talking about: Personality of neighbors and the neighborhood. Status of home repairs (particularly the roof). Insect and rodent infestations. Elevated radon levels. More »
- Will That Be Cash or Cash?
  
  New York Times | Feb 5, 08 9:20 AM CST
  
  (Newser) - The collapsing housing market, shaky employment security, and uncertain economic outlook are changing Americans' buying habits: They’re paying with cash. Plastic has become synonymous with debt, helping revive the pay-as-you-go mentality, reports the New York Times . The change could have a major impact on an economy, and a culture, based on consumer credit. More »
- State Lenders Choke Bush's Fight Against Foreclosures
  
  Bloomberg | Feb 1, 08 7:18 PM CST
  
  (Newser) - President Bush’s goal of helping subprime borrowers by offering tax-exempt bonds is meeting resistance from state lenders, Bloomberg reports. Risk-averse state housing agencies are already turning down over half the applicants to their own programs intended to help those affected by the crisis, due mainly to applicants’ existing financial woes. The agencies’ caution could cripple Bush’s scheme to fight foreclosures. More »
January 2008
- Negative Equity Adds Another Crippling Factor
  
  Forbes | Jan 31, 08 6:45 PM CST
  
  (Newser) - Foreclosure is scary enough, especially at its current pace—79% more US homes foreclosed in 2007 than the year before. But, Forbes writes, the housing crisis is dumping an even scarier problem on mortgage holders around the country: negative equity, in which a mortgage is worth more than the house for which it was borrowed. More »
- Foreclosures Soar; Nev. Leads Trend
  
  Associated Press | Jan 29, 08 12:28 PM CST
  
  (Newser) - The number of US properties in foreclosure in 2007 was 79% higher than in 2006, with about 1.3 million homes in some phase of the process, the AP reports. Nevada had the highest foreclosure rate, with 3.4% of households in foreclosure. That's 66,316 filings on 34,417 households, or a 200% jump from 2006. And late payments were more frequent late in the year, boding ill for 2008. More »
- Rosy Realtor Ads Omit Pesky Housing Crash
  
  Advertising Age | Jan 28, 08 7:58 PM CST
  
  (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 building long-term wealth,” Advertising Age reports. Housing crash? What housing crash? More »
- New Home Sales Hit 12-Year Low
  
  Bloomberg | Jan 28, 08 1:20 PM CST
  
  (Newser) - Sales of new homes fell to a 12-year low in December, making 2007 the worst year on record for home sales. Economists had predicted November's numbers wouldn't get much worse; instead, sales decreased 4.7% to an annual rate of 604,000, reports Bloomberg. "We are in deep recession lows now in terms of new home sales and housing starts," says an economist. More »
- Dec. Home Sales Kept Dropping
  
  Wall Street Journal | Jan 24, 08 10:14 AM CST
  
  (Newser) - Existing home sales began to fall again in December after briefly bumping upwards in October and November. Home resales were at a 4.89 million annual rate; that's down 2.2% from November and down 13% from last year. "Home sales remain weak despite improved affordability conditions in many parts of the country," an economist tells the Wall Street Journal . More »
- Housing Starts Nosedive to Lowest Level Since 1991
  
  Wall Street Journal | Jan 17, 08 9:15 AM CST
  
  (Newser) - Housing starts plunged 14% in December, demolishing median analyst estimates, which foresaw a mere 5% dip. November’s numbers were also revised down, reports the Wall Street Journal, from the 3.7% drop originally reported to 7.9%. When the dust settled, construction was at its lowest point since 1991, after suffering the biggest year-over-year decline since 1980. More »
- Greenspan Signs On With Mortgage Profiteer
  
  Wall Street Journal | Jan 15, 08 12:20 PM CST
  
  (Newser) - Paulson & Co. made a fortune as the mortgage crisis unfolded, and now the hedge fund has hired the man some say caused the meltdown. Alan Greenspan, whose actions as chairman of the Fed have been under fire lately, today agreed to advise the firm, which saw one fund rise 590% on bearish housing plays and is betting things get worse, the Wall Street Journal reports. More »
- Chicago's Spire Condos May Be a Tough Sell
  
  Chicago Tribune | Jan 14, 08 12:00 PM CST
  
  (Newser) - The Chicago Spire residential tower isn't even under construction yet, but its luxury condos—slated to be sold for unprecedented prices—will come face-to-face with a lousy housing market when the sales office opens today. Prices for units in the twisting skyscraper start at $1,400 per square foot, but developers worry that buyers will be slow to snap them up. More »
- Pending Home Sales Take Giant Plunge
  
  Bloomberg | Jan 8, 08 12:25 PM CST
  
  (Newser) - Pending home sales fell 2.6% in November from a revised 3.7% October gain, Bloomberg reports, far outstripping the 0.7% fall analysts predicted after an originally reported 0.6% October gain. The figures support Henry Paulson’s gloomy outlook on the housing market. “There is no evidence it is bottoming,” the treasury secretary said today, reiterating his call for government help for all mortgage holders, not just subprime borrowers. More »
- Paulson Calls for More Housing Relief
  
  Wall Street Journal | Jan 7, 08 9:17 PM CST
  
  (Newser) - Treasury Secretary Henry Paulson advised the mortgage industry today to give help to millions of financially stressed homeowners whose mortgages are set to rise. His comments signal that the Bush administration is starting to push lenders to expand relief beyond subprime borrowers to homeowners with other adjustable-rate loans, reports the Wall Street Journal . More »
- Markets Swing; Nasdaq Suffers
  
  MarketWatch | Jan 7, 08 3:54 PM CST
  
  (Newser) - The markets seesawed towards small increases, as the Dow saw its first gains of 2008 after fluctuating in a 150-point range, MarketWatch reports. The Nasdaq continued last week’s streak of losses, falling 5.19 to 2,499.46. The Dow ended up 27.31 at 12,827.49, and the S&P 500 inched up 4.55 to 1,416.18. More »
- Given Rent Prices, Homes Still Too High
  
  Wall Street Journal | Jan 3, 08 10:21 AM CST