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Tag: Housing Market


woodleywonderworks (CC BY 2.0)

1-in-5 American Homes ‘Deeply Underwater’

RealtyTrac’s U.S. Home Equity & Underwater report for 2013 shows 9.3 million homes were worth at least 25 percent less than the combined loans secured by each property.

Posted on Jan 9, 2014 READ MORE



Shutterstock

The Empire Strikes Back

A whole new get-rich-quick scheme is brewing beneath the fanfare of the nation’s hyped housing recovery.

Posted on Nov 26, 2013 READ MORE



i am real estate photographer (CC BY 2.0)

Nobel Prize-Winning Economist Says Buying a House Is a Bad Idea

If the housing crisis wasn’t enough to turn you off of buying real estate, listen to economist Robert Shiller: Houses are poor investments, and they pretty much always have been.

Posted on Oct 16, 2013 READ MORE



sashafatcat (CC BY 2.0)

The True State of the Economy

There is a tradeoff for all the loot Obama’s friends have been pilfering from working people, and that tradeoff is trust. Americans no longer have confidence in the government, the market or the justice system. And while the effects might not appear in the next month or two, there are sectors of the economy that are showing signs of weakness already.

Posted on Oct 5, 2013 READ MORE



Shutterstock

Housing Market Heats Up

Good news for homeowners: The value of your average castle, according to one index, rose in May by 12.2 percent, the highest jump in seven years.

Posted on Jul 30, 2013 READ MORE


Housing Market Up

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Posted on Jun 2, 2013 READ MORE



Ian Muttoo (CC BY-SA 2.0)

The Housing Market Recovery Is ‘A Complete Hoax’

Homeownership is at its lowest level in 18 years, but housing prices are rising. Why? Because banks are creating real estate scarcity by buying up homes and selectively stalling foreclosures.

Posted on May 3, 2013 READ MORE



Concrete Forms (CC BY 2.0)

Housing Starts Pick Up in September

Just in time for the election, the Commerce Department reported that construction starts on houses and apartments in September increased at the fastest rate since the beginning of the recession.

Posted on Oct 17, 2012 READ MORE



woodleywonderworks (CC-BY)

Halfway Through the Lost Decade

Does anyone care that the economy is floundering and that we are not getting out of this crisis anytime soon?

Posted on Apr 25, 2012 READ MORE



Flickr / dherrera_96

Deep in the Heart of Texas’ Drug Trade

Texas Gov. Rick Perry points to his hyper pro-business policies to explain the fact that 37 percent of the nation’s new jobs created over the last two years were in his state. New York magazine has another suggestion though: the region’s multibillion-dollar drug trade. (more)

Posted on Jul 24, 2011 READ MORE


Bernanke
AP / Susan Walsh

Bernanke Baffled by Troubling Economic Trends

This is not really the kind of headline we want to read about the Federal Reserve right now, but top banana Ben Bernanke acknowledged at a news conference Wednesday that the Fed was “caught off guard by recent signs of deterioration in the economy.”

Posted on Jun 22, 2011 READ MORE


Out of Touch, Again

What is it about the word jobs that our nation’s leaders fail to understand? How has the most painful economic crisis in decades somehow escaped their notice? Why do they ignore the issues that Americans care most desperately about?

Posted on Apr 26, 2011 READ MORE



AP / Mark Lennihan

Home Sweet Wall Street

A most dastardly deed occurred last Friday when the Obama administration issued a 29-page policy statement totally abandoning the federal government’s time-honored role in helping Americans achieve the goal of homeownership.

Posted on Feb 16, 2011 READ MORE



AP / J Pat Carter

Home Prices Plunge With No Bounce in Sight

October wasn’t a good month for sales of single-family homes in the U.S.—in fact, it was pretty dismal—and you know it’s bad when number-crunching economist types say there’s nothing good to say about not only the current moment but the foreseeable future as well.

Posted on Dec 28, 2010 READ MORE



Flickr / Torley(CC-BY-SA)

Attorneys General Join Forces in Robo-Signing Probe

In a welcome and much-needed turn of events for struggling American homeowners, all 50 state attorneys general are banding together to crack down on such sketchy foreclosure practices as “robo-signing,” as Forbes reported Wednesday.

Posted on Oct 13, 2010 READ MORE



Reuters

Home Sales Hit the Skids

More evidence that the economy is still very shaky came Tuesday in the form of news about a startling dip in sales of existing single-family homes during July, which marked the lowest point in that market in 15 years.

Posted on Aug 24, 2010 READ MORE


Geithner’s Housing Crisis

Apparently Treasury Secretary Tim Geithner wants more for his home than he paid for it—in this market. The “Daily Show’s” John Oliver asks, “How can the American people trust the policies of a man who can’t sell his house? ... Is it not like hiring a personal trainer who is morbidly obese?”

Posted on Jul 30, 2009 READ MORE


ENTER_ALT_TEXT
Flickr/respres

Foreclosures Mean Big Money for Lenders

The Obama administration is trying to pressure mortgage companies to move quicker in lowering payments for homeowners facing foreclosure. But many observers believe lenders are dragging their feet because they collect lucrative junk fees on the delinquent loans.

Posted on Jul 30, 2009 READ MORE


Obama's virtual town hall

Obama Takes Americans’ Questions in Virtual Forum

In a bid to interact more directly with the public at large, the Obama administration once again turned to the Web, inviting Americans to submit questions for Thursday’s online “town hall” meeting. Here President Obama sets the stage with his opening remarks, discusses helping homeowners and considers whether marijuana should be legalized.

Posted on Mar 26, 2009 READ MORE


Bank Owned
willows-journal.com

$75 Billion to Fight Foreclosures

While $700 billion was given to the banks and credit institutions that haphazardly pushed forward our current economic fiasco, millions of homeowners at risk of foreclosure may now be given only about one-tenth of that figure—$75 billion—in an effort to slow the deterioration of the housing market.

Posted on Feb 18, 2009 READ MORE


Fannie Mae
foreclosurewearhouse.com

Bailout Time for Fannie and Freddie

Congress to the rescue! Mortgage lending giants Fannie Mae and Freddie Mac are being propped up in their time of dire need, thanks to a bill passed Saturday that will lift the world’s two largest financial institutions out of immediate danger and help some homeowners handle mortgage crises.

Posted on Jul 28, 2008 READ MORE


for sale sign
Flickr / sfadden

Housing Signs Point to More Market Woes

The housing market is continuing its descent into Slumpsville, judging by the way things have gone over the first quarter of 2008, and indicators don’t look good for the immediate future, either. American homeowners have been forced into foreclosure in record numbers this year and late payments have soared to a new high.

Posted on Jun 5, 2008 READ MORE


The Price of House

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Posted on May 26, 2008 READ MORE


Greenspan
France 24

Greenspan: Dark Days Ahead for the Global Economy

Those hoping for better news about the state of the U.S. economy—not to mention the bigger picture—aren’t going to hear it from former Fed chair Alan Greenspan anytime soon, judging by his ominous forecast released Monday.

Posted on Mar 17, 2008 READ MORE


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