Is the Housing Market Bottom in Sight?
Moody’s Economy.com said today that they estimate U.S. home prices will reach the bottom by the end of the year.
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Posted by Ryan Fiore on Feb 10 2009 under Housing Market
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Archive for the 'Housing Market' Category (Chronologically Listed)
Obama’s Administration Developing Extended Loan Modification Plan
Barrack Obama’s administration developed a braud outline of a plan to help fix the drastically increasing rate of foreclosures by creating incentives for borrowers and lenders to agree to modify mortgages that have fallen behind.
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Posted by Ryan Fiore on Feb 09 2009 under Foreclosure, Housing Market
Mortgage Applications On The Rise
The Mortgage Bankers Association announced today that U.S. mortgage applications rose in the last week of January.
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US Home Vacancy Rate Matches Record Set First Quarter Of 2008
According to the Commerce Department Census information released today, the percent of U.S. homes currently owned but vacant rose in the fourth quarter of 2008.
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Posted by Ryan Fiore on Feb 03 2009 under Housing Market
Jumbo Home Market Takes A Hit As Stock Market Falls
Typically the High-End housing market tends to be more stable throughout economic downturns, however in addition to the the huge hit wealthier Americans have been taking in the stock market they have also noticed huge losses in their home values.
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Citigroup Plans On Using $36.5 Billion In TARP Funds For Lending
Citigroup announced today that they plan on using $36.5 billion in the Treasury Department’s Trouble Asset Relief Program, or TARP, funds to fund mortgage loans.
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Pending Home Sales On The Rise
According to the National Association of Realtor’s Pending Home Sales Index, which is based on new contracts signed, new home sales went up 6.3% in the month of December from the previous month.
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Posted by Ryan Fiore on Feb 03 2009 under Home Prices, Housing Market
Banks Brace For Increased Regulation
Now that we are more than 18 months into the one of the largest financial crises in the last eighty years, bank executives are preparing for large changes to regulation designed to help cure the crisis.
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Posted by Ryan Fiore on Jan 27 2009 under Housing Market, Mortgage Lending
Standard & Poor Case-Shiller Home Price Index Shows Large Decline
According to the Standard & Poor’s Case-Shiller index that was released early today U.S. home prices plummeted for the month of November.
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Posted by Ryan Fiore on Jan 27 2009 under Home Prices, Housing Market
Existing Home Sales Increase
According to the National Association of Realtors report that was released today, the number of existing homes sold in December rose 6.5% from the previous month.
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Posted by Ryan Fiore on Jan 26 2009 under Housing Market