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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 […]
They took out adjustable-rate mortgages at the peak of the housing bubble to buy homes they would otherwise not be able to afford. Or they refinanced existing mortgages to take cash out. And now, two or three years later, the day of reckoning is here.
These are not lower- and middle-income borrowers, but more affluent consumers […]
In a win for online discount real estate brokers, the Justice Department and the National Association of Realtors announced a settlement Tuesday that will let Internet brokers use the same for-sale home listings used by traditional bricks-and-mortar brokers.
The Justice Department says the proposed antitrust settlement will create more competition among traditional and discount brokers, while […]
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 […]
The gloom enveloping the US housing market intensified on Tuesday as home prices dropped at the fastest annual rate since records began 20 years ago.
The Standard & Poor’s/Case Shiller national house price index fell 14.1 per cent in the first quarter of this year, compared with the same period a year earlier, a decline that […]
Woman Loses Home Over $68 Dental Bill
Utah Woman ‘Dumbfounded’ After Learning Her Home Was Sold Without Her Knowledge
Can you imagine losing your home over a $68 dental bill? That’s what happened to one Utah woman.
Sonya Capri Ramos says her Salt Lake City home was sold out from under her in 1996 to pay a collections […]
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 […]
Home Sellers Will Try Anything, but It’s Hard to Get a Look
Mark and Elaine Hendricks recently offered their 2000 Mustang convertible as a freebie to anyone who would buy their Woodbridge house, but even that failed to distinguish it from the roughly 700 other homes for sale in their Zip code.
“We wanted to try something […]
(WASHINGTON) — U.S. home prices posted their sharpest first-quarter decline since the government began tracking the data 17 years ago.
The Washington-based Office of Federal Housing Enterprise Oversight said Thursday that home prices fell 3.1 percent in the first quarter compared with last year. The index also fell 1.7 percent from the fourth quarter of 2007 […]
THE dream: finding a one-bedroom, one-bath apartment in an elevator building with a doorman in Greenwich Village for $2,000 a month.
The reality: nearly impossible.
Spring is the season when newly minted college graduates flock to New York City to start their careers. They begin the search for their dream apartment, brokers say, with the same single-minded […]
IF you have a mortgage, consider yourself lucky.
That is the upshot of the most recent survey of mortgage lenders by the Federal Reserve Board, which found that banks’ lending standards were significantly tighter in April than they had been in January, when credit was already tight.
Some prospective borrowers who just a few months ago were […]
ON a Wednesday evening nearly three weeks ago, Dawn and Barry Goldstein were surprisingly calm as they sat on their plush brown sofa chatting with a guest, while their son, Jordan, almost 3, fidgeted between them.
“At least the worst part is over,” said Mrs. Goldstein, referring to the sale of their apartment. During the six […]
WASHINGTON — Senate negotiators on Monday said they had reached a deal on legislation aimed at helping hundreds of thousands of homeowners in danger of foreclosure by expanding the availability of government-insured mortgages.
The Bush administration, which previously said it would oppose legislation to rescue troubled homeowners, suggested that it was willing to consider the Senate […]
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. […]
SANTA ANA, Calif. — Drawing a sharp distinction between himself and the two Democratic presidential candidates, Senator John McCain of Arizona warned Tuesday against vigorous government action to solve the deepening mortgage crisis and the market turmoil it has caused, saying that “it is not the duty of government to bail out and reward those […]
BALTIMORE — When Wilbert and Patricia Savage missed two mortgage payments on their tidy row house here last fall, Mr. Savage, 75, despaired that they could ever catch up.
But he remembered Roy Miller, a nonprofit housing counselor with a nearby storefront office who had helped other neighbors in trouble. The Savages visited Mr. Miller, and […]