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 are a few exceptions…
Stocks in homebuilders have been down so low for so long that almost anything look like up. Recent earnings releases have indicated that new orders are improving, but much of the improvement is tenuous…
Flickr, Images of MoneyThe housing crisis has been the worse in five states — Nevada, California, Florida, Michigan and Arizona. A recovery has begun in states that have almost nothing in common geographically or…
Pending home sales rose a remarkable 10.4% in October with particular strength in the Northeast. The figures come a day after down beat data on home prices from S&P/Case Shiller, which covered the top…
Housing prices are back to where they were at the start of 2003, and things are not getting any better. CoreLogic showed that negative equity data showed that 10.7 million, or 22.1%, of all…
Mortgage interest rates remain historically low, but buyers are either unwilling or unable to take advantage of the low rates. After three straight weeks of increases in mortgage applications, borrowers backed off last week.…
Many Americans are planning to buy homes in the areas that have been hardest-hit by the real estate crisis, according to housing data released today. Real estate research agency Trulia reported that there are…
Chimera Investment Corporation (NYSE: CIM) is the mortgage REIT which we used to dub “the vulture mortgage REIT” because of its targets in lower-rated mortgage-backed securities. Usually a delay in a quarterly filing is not…
The collapse of the US housing market has been among the most stubborn problems facing the US economy for the past four years. Construction jobs have vanished, home values have plummeted, and buyers are…
No matter how much better the real estate market appears to be or how much worse it actually is, two states cannot escape a collapse that has continued for three years. Californian and Nevada…
Foreclosures have increased 14% between the second and third quarter of 2011, following five straight quarters where the number of foreclosures has gone down. This increase could dampen the recovery of the American housing…
Foreclosures which had been delayed by the robo-signing scandal and bankrutpcy overflow in some courts have hit some housing markets with a vengeance. It is yet another examples that the crisis is primarily in a few…
The number of underwater mortgages in the U.S. increased again in the third quarter. That makes sense because by most measures home values have fallen throughout the period. It also confirms that widely held…
The rampant growth and subsequent collapse of the U.S. housing market has had far-reaching consequences that are still felt today. In some cities houses lost more than 60% of their value, decimating local economies. Unfortunately,…
Earlier this week, President Obama announced he would extend the mortgage refinancing program in an effort to provide relief to homeowners whose mortgages are worth more than the value of their homes. Nationwide, one…