WASHINGTON – June 24, 2009 – Nationwide home sales may have finally hit bottom, new data shows, but a host of thorny problems are hindering any recovery.
Sales of previously occupied homes rose by 2.4 percent from April to May - the third monthly increase this year - but the results missed analysts’ expectations.
Home sellers are [...]
ORLANDO, Fla. – May 27, 2009 – Florida’s existing home sales rose in April – the eighth consecutive month that sales activity increased in the year-to-year comparison, according to the latest housing data released by the Florida Association of Realtors® (FAR). April’s statewide sales showed gains over the previous month’s sales level in both the [...]
WASHINGTON – May 15, 2009 – The Obama administration expanded its $50 billion mortgage aid program on Thursday, announcing new measures that would help homeowners avoid a foreclosure if they don’t qualify for other assistance.
The initiatives are intended to streamline the process of selling a home that is worth less than the mortgage, or transfer [...]
WASHINGTON – May 11, 2009 – The jobless rate is expected to tick up and continue climbing for months, a crisis in commercial real estate looms and the latest survey of bank lending suggests that it’s still pretty hard to get a new mortgage.
So it may sound surprising that some forecasters see an imminent end [...]
WASHINGTON – May 7, 2009 – Prices of single-family homes in 20 U.S. metropolitan areas in February were down 18.6 percent from a year earlier, yet the fact that the rate of decline slowed signaled some hope for the housing market, a report said Tuesday.
In 15 markets, annual declines were in excess of 10 percent [...]
By Greg Ip
Sunday, January 11, 2009
In its battle against the financial crisis, the U.S. government has extended its full faith and credit to an ever-growing swath of the private sector: first homeowners, then banks, now car companies. Soon, President-elect Barack Obama will put the government credit card to work with a massive fiscal boost for [...]
WASHINGTON – Jan. 8, 2009 – Federal Reserve officials worried about the possibility of a “prolonged contraction” and destabilizing deflation in mid-December when they voted to cut a key interest rate to a historically low range of zero to a quarter-point.
According to minutes of the Fed’s Dec. 15-16 meeting, released Tuesday, central bank economists sharply [...]
By Gregory Arzumanov
TAMPA, Fla. - Dec. 1, 2008 - Tiffany Edwards thought she was running out of time to persuade her lender to work out a new loan so her growing family could stay in their Tampa home.
She had been out of work for more than a year, and her husband’s income wasn’t enough to [...]
By Gregory Arzumanov
Nov. 14, 2008 - Sometimes Tim Wells felt like the only man left on his street.
Thousands of soldiers were deployed out of Fort Campbell, Ky., just a few miles away, and homes in Wells’ subdivision were sitting empty. But a few months later the soldiers began to return and, one by [...]
Home sales and prices in the Baltimore area fell in October, and experts said rising joblessness and tighter credit markets could further dampen sales in the months ahead.
The statistics released yesterday dashed hopes that a recovery had begun in Baltimore’s housing market, experts said.
Sales of previously owned homes in metropolitan Baltimore decreased nearly 15 percent [...]