US consumers simply don’t believe that the US economy is recovering. That shouldn’t be surprising, considering that wages are stagnant, unemployment remains above 9%, and the prospects for the US economy are dim, if…
There is already a debate over whether or not the underwater mortgage bailout plan can do any good at all. Now we have data from the S&P/Case-Shiller Home Price Indices that some are trying to represent…
The new White House plan to help people with underwater mortgages is already a success or a failure, according to comments from the media and some housing experts. They cannot know. The critical factor…
Our look at stock target prices focuses on homebuilders and home improvement stores today. It is not news that U.S. homebuilders have had a very tough few years. In the past five years, only…
The number of foreclosures filed in the third calendar quarter of 2011 totaled 610,337, an increase of less than 1% from the second quarter and a drop of 34% from the same period a…
The dream of owning a home has become increasingly unattainable for many Americans, and the situation is not likely to improve soon, as the collapse of the housing market and the recession continue to…
Rates are at an extreme low. Too bad there are so many borrowers who cannot qualify or are too underwater in their existing mortgage to take advantage of this. Freddie Mac is now showing that…
The U.S. economy cannot grow with the double burdens of an ongoing drop in home prices and unemployment that may hover above 8% for another two years. One or the other circumstance has to…
The rate for 30-year fixed mortgages dropped to 4.01% this week. That is the lowest figure on record. A current home buyer could save tens of thousands, if not hundreds of thousands, of dollars…
Despite a near-compulsive search for good news from the US housing market, nearly every story contains more than enough dismal news to outweigh whatever good news there is. Generally the news starts with the…
It appears that the slowdown in foreclosure filings has reached an end. Issues surrounding foreclosure processing, state foreclosure laws, and other court rulings are getting resolved and the pace of foreclosures picked up markedly…
Restoration HardwareRestoration Hardware Holdings Inc. has filed to come public via an initial public offering. The long and short is that this should :filed to come public again!” The company’s most recent filing shows…
The US Department of Energy has issued a conditional commitment for a partial guarantee of a $344 million loan for solar PV installer SolarCity. The company will install rooftop solar PV systems on as…
Interest rates have been busy hitting life-time lows, but the irony is that fewer and fewer Americans are able to take advantage of this situation. The most recent report from the Mortgage Bankers Association…
It is not just the banks getting wrapped up in this latest FHFA litigation notice. General Electric Co. (NYSE: GE) has issued a release this morning showing that it was also caught up in…