LOS ANGELES - More U.S. homeowners fell behind on mortgage payments last month, driving the number of homes facing foreclosure up 65 percent versus the same month last year and contributing to a deepening slide in home values, a research company said Tuesday.
Nationwide, 243,353 homes received at least one foreclosure-related filing in April, up 65 […]

[Read more →]

DENVER (CBS4) ― “I think it’s terrible,” said a man in Green Valley Ranch.
The foreclosure rate there shows it’s the worst area of Denver. People know it and are feeling it.
“Yeah, I want to move,” says another homeowner.
But with so many bank owned homes, the market is so soft.
“There’s no way possible that […]

[Read more →]

WASHINGTON (AFP) - Further Federal Reserve interest rate cuts appeared more likely Wednesday after government reports showed a modest rise in inflation and that the housing market remained mired in a deep slump.
Many economists expect the US central bank to continue its aggressive rate-cutting campaign at a looming two-day meeting on April 29-30, especially as […]

[Read more →]

WASHINGTON - One in seven mortgage holders worry they may soon fail to make their monthly payments and even more fret that their home’s value is shrinking, according to a poll showing widespread stress from the nation’s housing crisis.
In an ominous snapshot of how the sagging real estate market and sour economy are intersecting, the […]

[Read more →]

Alberta’s housing market is expected to cool during the next two years as the growth of the Canadian economy slows to a snail’s pace, says a national real estate report.
Article Source

[Read more →]

BusinessWeek Online - Reports released Mar. 26 show that two key segments of the U.S. economy — housing and manufacturing — continue to take it on the chin amid the ongoing U.S. slowdown. The reports helped send major equity indexes lower on Mar. 26, with the Dow Jones industrial average down nearly 1% in late-morning […]

[Read more →]

Bloomberg - March 27 (Bloomberg) — Democrat Barack Obama said the government must overhaul the rules governing banks and other financial institutions in the wake of a collapse in the subprime mortgage market that has shaken confidence in the U.S. economy.

[Read more →]

Reuters - Housing prices need to fall further to permit shell-shocked housing markets to stabilize and policy-makers should not interfere with that process, Treasury Secretary Henry Paulson said on Wednesday.
Article Source

[Read more →]