“U.S. house prices fell 0.5 percent on a seasonally adjusted basis from June to July, according to the Federal Housing Finance Agency’s monthly House Price Index. The previously reported 0.3 percent decline in June…
American home builders say that the housing market is not recovering. They blame the unemployment problem, implying that there is no light at the end of the tunnel. A large number of economists believe…
The attitude among American when it has come to owning a home has changed radially, according to Fannie Mae. “A majority of Americans (67 percent) continue to believe that buying a home is a…
Home foreclosures remained high again in August, as might have been expected given recent news on home prices and housing sales. According to RealtyTrac, foreclosure actions were reported on 338,836 properties in August, a…
The Mortgage Bankers Association released its Weekly Mortgage Applications Survey for the week ending September 10, 2010. The Market Composite Index, a measure of mortgage loan application volume, decreased 8.9% on a seasonally adjusted…
Assume for the the time being that the housing crisis will last well into 2011, that foreclosures will rise, and the number of underwater mortgages will not improve from the current 11 million level.…
The real estate market is getting better, at least according to the S&P/Case-Shiller Home Price Indices. The data showed what most experts have known for some time. June was a month in which prices…
General Growth Properties, Inc. (NYSE: GGP) may soon need to change its name to General Break-Up. The mall REIT operator Spinco, Inc. (“Spinco”), has filed a registration statement with the SEC for its Spinco,…
Standard & Poor’s may not have the same clout it did during the first rounds of debt ratings cuts in Europe after missing the mortgage and debt bubble in America, but the international ratings…
Sometimes logic can’t be used when trading economic data and stocks. The National Association Of Realtors report shows a drop of about 27% this morning for July’s existing home sales fell to a seasonally…
Chicago Fed President Charles Evans offered an unusually downbeat assessment of the economy today. It was one which raised concerns about a continued sharp drop in the housing market and the chances of a double…
Real estate sales have just plunged by a nearly unimaginable amount. According to the the National Association of Realtors, existing-home sales, which are completed transactions that include single-family, townhomes, condominiums and co-ops, dropped 27.2…
HAMP, the Administration’s effort to keep three to four million Americans with homes out of foreclosure has been progressively losing its credibility as a successful program. Whatever legitimacy it had left was lost when…
Mergers are headed the way of smaller homebuilders. That is the take from Citi. The firm is looking at several companies in the sector and it featured Beazer Homes USA Inc. (NYSE: BZH), Meritage…
Secretary of the Treasury Tim Geithner says that the the US must keep a role in the housing market recovery as it there is one. He claims that the federal government must be careful…