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Posts related to ‘Housing’

The New Homeowner Rescue May Come After Home Price Recovery

Posted: February 10, 2012 at 6:42 am

The new $26 billion settlement between five banks on one side and a number of state attorneys general and the federal government on the other is extremely complex. One thing ...
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The States With the Most Homes in Foreclosure

Posted: February 9, 2012 at 6:33 pm

Five major U.S. banks accused of foreclosure abuses have agreed to a $26 billion settlement with the government, the largest payout from banks arising from the financial crisis. The amount, ...
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President’s New Mortgage Plan and the Failure of HAMP

Posted: February 7, 2012 at 6:50 am

Big government and corporations are careful to bury their failures in the fine print. The Treasury Department released its January analysis of the Home Affordable Mortgage Program (HAMP) program. Readers must ...
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China’s Real Estate Bubble Shrinks, Looks Like U.S. in 2007

Posted: January 18, 2012 at 6:53 am

  Real estate values have begun to drop sharply in China. Some economists may argue that this will undermine the central government’s plan to stage a “soft landing” in which GDP ...
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Foreclosure News Is Finally Good

Posted: January 12, 2012 at 6:28 am

Foreclosure rates are one of the proxies for the health of the housing market, along with housing starts, home prices and the number of underwater mortgages. During 2011, foreclosure rates  ...
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News Break: Fannie Mae CEO Steps Down

Posted: January 10, 2012 at 4:54 pm

CNBC is reporting that Mike Williams, CEO of Fannie Mae, is stepping down from the GSE. Whether he was forced out or not is not known, but let's just say ...
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US Home Prices Fell in November (PHM, KBH, DHI)

Posted: January 9, 2012 at 11:31 am

US home prices fell -1.4% month-over-month in November and -4.3% year-over-year according to the latest report from research firm CoreLogic. The year-over-year drop in October was -3.7%. The declines come ...
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Bernanke Tries to Fix Housing

Posted: January 5, 2012 at 6:38 am

Ben Bernanke, the head of the Federal Reserve, sent the chiefs of the House Committee on Financial Service a 24-page note about the problems of the housing market and the ...
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Have Consumers Begun to Ignore Housing?

Posted: December 28, 2011 at 6:26 am

The Conference Board reported that the Consumer Confidence index was 64.5 in December, a gain of almost 10 points from November. That is near the highest measure since the recession ...
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Case-Shiller Report… Housing Pain Remains (KBH, DHI, TOL, LEN, PHM)

Posted: December 27, 2011 at 10:14 am

The monthly S&P/Case-Shiller Home Price Indices for the month of October were released this morning, and the results failed to meet already low expectation. The annual decline in home prices ...
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New Home Sales Surge

Posted: December 23, 2011 at 10:12 am

In another very modest indication that the housing market has bottomed, new home sales moved higher The Commerce Department: Sales of new single-family houses in November 2011 were at a ...
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REITS for the 2012 Model Dividend Portfolio (GOV, SNH, DLR, RWR)

Posted: December 23, 2011 at 9:01 am

Investors are chasing up rent-based assets because they are searching for yield. Earning 2% per year by lending Uncle Sam money is not enticing, so investors are still on the ...
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Housing Through Yet Another Set of Eyes

Posted: December 23, 2011 at 5:42 am

The housing market is down -- sales, prices, applications. And there is glut of research that shows how much and why. The Federal Housing Finance Agency said that in October prices fell ...
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Housing Markets That Rose and Fell the Most This Year

Posted: December 22, 2011 at 6:06 am

It is no secret that the national housing market has gotten even worse this year. With each passing month, it seems that most measures pointed to further weakening. Although there ...
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Freddie Mac 2012 Outlook Seems Too Rosy

Posted: December 14, 2011 at 1:37 pm

Freddie Mac has released its full "U.S. Economic and Housing Market Outlook" for December, which is actually the government sponsored entity's 2012 outlook for the housing market and the economy ...
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