An influential economist who long predicted the housing market bubble cautioned Tuesday that the slump in the U.S. housing market could cause prices to fall more than they did in the Great Depression and bailouts will be needed so millions don’t lose their homes.
Yale University economist Robert Shiller, pioneer of the widely watched Standard & […]

[Read more →]

AP - Sales of existing homes fell in March, the seventh drop in the past eight months, as the spring sales season got off to a rocky start.
Article Source

[Read more →]

NEW YORK (Reuters) - Home builders are expected to post losses when they start issuing their quarterly earnings results this week, but they are likely to be smaller than the staggering losses seen last year.
However, if the Senate has its way, last year’s numbing results could actually help the home builders by giving them a […]

[Read more →]

The outlook for both the UK housing market and high street trading are “bleak”, an influential panel of economists have warned.
Ernst & Young’s ITEM club said conditions in the retail and housing markets were set to get a “whole lot worse” as the international banking crisis started to bite on the wider economy.
The group has […]

[Read more →]

Between 2000 and mid-2007, the median home price soared 64.9% to $229,200. The median income, meantime, rose just 16.6%. For would-be buyers, the math doesn’t work.
By Bankrate.com
One of the worst things about today’s real estate market is that there doesn’t seem to be any silver lining in that big black cloud.
Normally, you’d think dramatically falling […]

[Read more →]

MIAMI (Reuters) - The surprisingly healthy market for oceanfront mansions and palatial condos in Florida, one of the most toxic states in America’s housing meltdown, may finally be showing some cracks.
While many luxury properties are selling briskly thanks to Europeans and Canadians pouring their strong currencies into Florida, billionaire Donald Trump recently dropped the price […]

[Read more →]

Confidence in the UK housing market has fallen to its lowest point in 30 years, according to property surveyors.
The Royal Institution of Chartered Surveyors (Rics) said 78.5 per cent more of its members reported a fall rather than a rise in prices in March. This marked the eighth consecutive monthly drop and made for the […]

[Read more →]

Homeowners who bought into newly rising projects at just the wrong time have found themselves marooned in stalled, abandoned or largely unoccupied developments with little place to turn. strain on them and municipalities forced to pick up the pieces. Experts say it’s one of the least examined aspects of the housing downturn, and one that […]

[Read more →]