Tempur Pedic International Inc. (NYSE: TPX) was absolutely slaughtered this week due to its warnings. The news took out about half of its value, but the stock is now down about 75% from its…
Home prices may have stabilized in some markets, but recent data from sources which include S&P/ Case-Shiller demonstrate in some major cities, prices continue to fall. The free fall is also evident in a number of states.…
Sales of homes in some stage of foreclosure accounted for 26% of all US home sales in the first quarter of 2012. That compares to 22% of sales in the fourth quarter of 2011…
The National Association of Retailers (NAR) reported this morning that its pending home sales index for April fell to 95.5 from a revised reading of 101.1 in March, the first decline following 3 consecutive…
All real estate is local. The foreclosure rates in some states have dropped back near 2007 levels. In others they remain so high that prices, effected by low price foreclosed inventory, will not recover…
Most comment about the new S&P/Case-Shiller data is that it showed housing trends which were bad. The national index dropped 2% for the fourth quarter to the first and all three headline composites ended…
Today’s release of the S&P/Case-Shiller Home Price Indices indicate that housing prices across the US are down -1.9% from March 2011 and down -2% for the first quarter of 2012 compared with the first…
The monthly mortgage report for April was released today by Freddie Mac. The report notes a rise of just 0.01% in delinquent mortgage payments for single-family homes and a rise of 0.03% on mortgages…
Mortgage debt continues to be a major issue in the United States, nearly six years after home prices peaked, according to a report released Thursday by online real estate site Zillow. Americans continue to…
According to data released last week, the worst effects of the housing crisis are beginning to wind down. RealtyTrac’s latest report shows the number of foreclosures in the U.S. in April is down 13%…
The National Association of Realtors (NAR) issued its monthly report on existing home sales for April this morning, and the news was about what was expected. Sales rose 3.4% in the month at a…
Lowe’s Companies Inc. (NYSE: LOW) reported first fiscal quarter results this morning that were better than the consensus estimate, but full-year EPS guidance did not meet the prior estimate and the stock is getting…
-By Jed Kolko Today’s Facebook IPO will make a lot of my Bay Area neighbors very rich, at least on paper. And many more of my neighbors are hoping that Facebook’s IPO will set…
The interest rate on a 30-year fixed-rate mortgage fell to an all-time low of 3.79% last week according to Freddie Mac. The previous record low was 3.83% set in last week, and the rate…
There are a handful of theories about what will signal a bottom of the housing market. Perhaps an increase in prices or a drop in the supply of homes or the days that the…