Tag Archive: Real Estate Market
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US new home sales rose unexpectedly in April
Sales of new homes across the United States rose an unexpected 3.3 percent in April from the prior month, to a seasonally adjusted annual pace of 526,000 homes, a government report showed Tuesday. The spike in sales confounded most economists forecasts of a […]
U.S. Has Most Unsold Homes Since ‘85
U.S. Has Most Unsold Homes Since ‘85
Sales of Existing Homes and Median Home Prices Fall Again as Inventory Stays High
WASHINGTON (AP) — Sales of existing homes in the U.S. fell for the eighth time in the past nine months, with the backlog of unsold single-family homes rising to the highest level in more than two […]
New Home Sales Fall to 13-Year Low
WASHINGTON — The government reports that sales of new homes fell in February for a fourth straight month as the steep slump in housing continues.
The Commerce Department reported Wednesday that new home sales dropped 1.8 percent last month to a seasonally adjusted annual rate of 590,000 units, the slowest sales pace since February 1995. […]
Home Sweet Investment
FEAR is ruling the financial markets. Billions of dollars have been lost in mortgage-related investments. The Federal Reserve worked madly over the weekend to engineer a takeover of Bear Stearns and avert a systemic meltdown. But the big fear remains. How low will house prices go?
If prices continue to fall, mortgage defaults will move well […]
Stronger Rules for Mortgages Are Proposed
WASHINGTON — The nation’s top economic policymakers, hoping to prevent a repeat of the excesses that led to the mortgage bubble and bust, on Thursday proposed a broad series of reforms aimed at tightening oversight of financial institutions.
The changes include tougher disclosure requirements for banks and Wall Street firms, a nationwide licensing system for mortgage […]
Treasury To Release Analysis of Meltdown
The U.S. Treasury is set to release a report today on what went wrong in the collapse of the subprime mortgage market last year and provide initial indications of how the country’s financial regulatory framework should be revamped, according to sources familiar with the announcement.
The report, which is the result of a seven-month effort […]
Responding to a Less Heated Market
NEW YORK CITY real estate has become a shadow of its frenzied former self in recent months, as buyers and sellers take a more deliberate approach to reaching deals.
Some sellers have pulled their apartments off the market for now, in the hopes that they will have better luck in the traditionally more robust spring season, […]
New Data Show Rising Inflation and Slumping Home Values
Two worrisome trends for the economy — falling house prices and the rising cost of everything else — picked up speed in the latest data reported on Tuesday, putting policy makers in an increasingly tough position.
If they move too aggressively to cut interest rates and stimulate the economy, they might stoke inflation at a time […]
Bargain hunters may toss a lifeline to housing
NEW YORK (Reuters) - The distressed housing market should get a lift this spring as bargain prices lure prospective buyers out of hibernation, but tighter lending means no one should expect the boom days to return any time soon.
Spring is a pivotal season in the housing market. Potential buyers typically emerge from a winter […]
Home Resales and Prices Decline
The backlog of unsold homes continued to pile up in January, a sign that home prices will continue to drop as would-be buyers hold out for better deals.
Sales of previously owned homes fell for the sixth consecutive month, dropping 0.4 percent, to an annual rate of 4.89 million, the National Association of Realtors said on […]
Previous Stories
- US new home sales rose unexpectedly in April
- U.S. Has Most Unsold Homes Since ‘85
- New Home Sales Fall to 13-Year Low
- Home Sweet Investment
- Stronger Rules for Mortgages Are Proposed
- Treasury To Release Analysis of Meltdown
- Responding to a Less Heated Market
- New Data Show Rising Inflation and Slumping Home Values
- Bargain hunters may toss a lifeline to housing