A slump in America’s housing market deepened in November, as buyers shunned both new and previously owned homes. At the same time, the median prices for houses posted their steepest monthly drop in four decades, according to reports released Tuesday.
Sales of existing homes declined 8.6 percent last month, to a seasonally adjusted rate of 4.49 […]
U.S. housing market worsens
December 23rd, 2008 · Permalink
Housing: What the Experts See Ahead
December 16th, 2008 · Permalink
BusinessWeek Online - Everyone is worried about the real estate market, whether it’s because they want to sell, buy, or want a sense of whether their homes will regain value. As proposals to help the housing market are debated in Washington, BusinessWeek turned to leading real estate experts for their reading of where housing is […]
New York’s Impending Real Estate Doom
December 4th, 2008 · Permalink
A hastily drafted moratorium on foreclosures has kept many New Yorkers in their homes. It’s about to change.
New York City has been the big holdout in the U.S. housing meltdown. Wealthy foreigners flush with weak dollars and a finite supply of pricey Manhattan condominiums have kept the market moving.
But the New York hiatus from a […]
Beazer loss widens on housing market deterioration
December 3rd, 2008 · Permalink
Reuters - Beazer Homes USA posted a wider quarterly loss on Tuesday, citing a further deterioration of the U.S. housing market due to lower consumer confidence levels and reduced access to mortgage financing.
Article Source
UK home repossessions up 12 pct in 3Q from 2Q
November 24th, 2008 · Permalink
AP - Home repossessions in Britain jumped 12 percent to 11,300 in the third quarter from the previous quarter, the Council of Mortgage Lenders said Friday, more evidence that the financial crisis is taking its toll on households and the ailing housing market.
Article Source
Once hot Winnipeg housing market is cooling: MLS (CBC Manitoba)
November 24th, 2008 · Permalink
Following years of boom, Winnipeg’s housing market has cooled and is trending toward a buyer’s market, professionals say.
Article Source
Bernanke says he erred in gauging mortgage fallout
November 23rd, 2008 · Permalink
AP - Federal Reserve Chairman Ben Bernanke acknowledges he was wrong in believing that there would be limited fallout to financial markets from risky mortgages that soured after the housing market’s collapse.
Article Source
US foreclosure filings surge 53 percent in June
July 10th, 2008 · Permalink
WASHINGTON - The number of homeowners stung by the rout in the U.S. housing market jumped last month as foreclosure filings grew by more than 50 percent compared with June a year ago, according to data released Thursday.
Nationwide, 252,363 homes received at least one foreclosure-related notice in June, up 53 percent from the same […]
