Over the last couple of week’s, two of the best performing ETFs were the iShares Dow Jones US Home Construction ETF (NYSE: ITB), up more than 7%, and the SPDR Series Trust S&P Homebuilders…
Bank of America Corporation (NYSE: BAC) is showing investors this morning that its book value may actually be more relevant than what it had been given credit for. The largest bank by deposits in…
The S&P Case-Shiller report showed home prices dropped another 3% to 4% in the nation’s twenty largest markets in April. The amount was 7% or worse in five markets compared to April of last year.…
Homeowners continue to see the value of their houses drop. The problem is much worse in some markets than others. S&P Case-Shiller released its data for April. The 10- and 20-City Composites fell 3.1%…
Photo by Spencer Platt/Getty ImagesOne theory of economics says that any market can return to a point where it has been in the past. The Great Recession was, by some measures as bad as…
Wells Fargo & Co. (NYSE: WFC) is one of the “Too Big To Fail” banks. Now it is going to be known as the “Too Big To Reverse Mortgage” bank. Today came the announcement…
Bank of America Corporation (NYSE: BAC) has found itself as the king of the mortgage mess after it decided to acquire Countrywide. By acquiring the company’s corpse rather than trying to just buy the…
The ratings agencies and outside groups are now saying that Greece is in default, like it or not. Now let’s go ahead and throw in Irish banks as well, with a real possibility of…
Five Star Quality Care Inc. (NYSE: FVE) is not a company that many investors know very much about. After the move we have seen over the last year, and then the sharp reversal over…
Mattress Firm Holding Corp., owner and franchise giant of The Mattress Firm, has filed to come public. Yes, it is a bedding company. The listing exchange has not been picked out but the company…
Home prices reached a double dip according to Case-Shiller. “Data through March 2011, released today by Standard & Poor’s for its S&P/Case-Shiller1 Home Price Indices, the leading measure of U.S. home prices, show that…
Foreclosures are the blight that has spread through the real estate market and driven prices to decade lows. The drop in property values that foreclosures have caused has pressured homeowners who want to sell…
Housing has dropped more than 50% in many areas in the US, and there are few regions where prices are off less than 25%. Most housing experts do not believe the market will recover…
There is hardly any legitimate research that shows an improvement in the US housing market. That was confirmed again today as real estate website Zillow released its first quarter analysis. The introduction to the…
Some housing economists believe that there is a sea change taking place in home ownership in the US. Many of the people who bought homes during the boom years of 2000-2006 have since lost…