New-home sales in November fell 9 percent from the previous month and were down 34 percent from a year earlier, more dismal figures for an industry facing bloated inventory, declining prices and mortgage woes.
Entries from December 2007
Sales Of New Houses Plummet
December 29th, 2007 · Permalink
Fed Takes Aim at Deceptive Home Lending Practices
December 19th, 2007 · Permalink
The Federal Reserve proposed new regulations yesterday to clean up a broad array of deceptive mortgage lending practices, a move that represents the central bank’s most significant response to the nation’s housing tumult.
Home Building, Bids for Permits Continue Free Fall
December 19th, 2007 · Permalink
Housing construction fell in November, with single-family activity dropping to the lowest level in more than 16 years. Analysts said the recession in housing showed no signs of a turnaround.
FBI Probes Virginia Mortgage Scam
December 18th, 2007 · Permalink
The sidewalks are still scrubbed and most lawns are neatly trimmed, but now the subdivision of townhouses off Route 1 in Woodbridge is pocked with empty windows and foreclosures. Federal investigators are poking around.
No Question, All’s Well in the State of Denial
December 16th, 2007 · Permalink
Meet Pollyanna, your real estate agent. She has stuck with the real estate business through two tough years, and she’ll spend the winter convincing herself that the only problem with the market is that headline-hungry oafs in the news media have talked buyers into hiding. It’s not the economy tha…










