May 18, 2012

New Home Sales Jump 14.8 Percent in April

New Home Sales Jump 14.8 Percent in April May 26, 2010, Associated Press Sales of new homes posted another large gain in April as buyers rushed to sign contracts before government tax credits expired. The Commerce Department said Wednesday that sales...(read more)

Home Prices Edge Down as Tax Credit Fails to Lift Market

Home Prices Edge Down as Tax Credit Fails to Lift Market May 25, 2010, CNBC Single-family home prices were unchanged in March from February, but fell in the first quarter under renewed pressure before federal aid for buyers faded away, Standard &...(read more)

Sales of U.S. Existing Homes Rose More Than Forecast

Sales of U.S. Existing Homes Rose More Than Forecast May 23, 2010, Bloomberg News Sales of U.S. previously owned homes rose in April to the highest level in five months as buyers took advantage of the last weeks of a government tax credit. Purchases increased...(read more)

Real Estate’s New Problem: Not Enough Homes

Real Estate's New Problem: Not Enough Homes May 11, 2010, CNNMoney.com Can it be possible? Despite the housing bust and high foreclosure rates, in some areas real estate agents are complaining that they don't have enough homes to sell. There is...(read more)

April Foreclosures Ebb, Suggesting High Plateau

April Foreclosures Ebb, Suggesting High Plateau May 11, 2010, Reuters Foreclosure activity fell in April as lenders repossessed homes at a record pace but started far fewer new actions against struggling homeowners, signaling a plateau in loan failures...(read more)

Home Prices Gain in 91 U.S. Cities in First Quarter

Home Prices Gain in 91 U.S. Cities in First Quarter May 11, 2010, Bloomberg Home prices rose in 91 U.S. cities in the first quarter as states hard hit by foreclosures began to recover and a tax credit cut the number of properties for sale. The median...(read more)

Mortgage Defaults Show Signs of Slowing

Mortgage Defaults Show Signs of Slowing May 10, 2010, Los Angeles Times Is the tide of home-loan defaults finally beginning to recede? There were signs of that on Monday in two reports examining trends in serious delinquencies — home loans on which...(read more)

U.S. Added 290,000 Jobs in April

U.S. Added 290,000 Jobs in April May 7, 2010, Wall Street Journal The U.S. economy in April added jobs at the fastest pace in four years, but the unemployment rate unexpectedly rose. The Labor Department said nonfarm payrolls rose by a higher than expected...(read more)

Freddie Mac Asks for $10.6 Billion

Freddie Mac Asks for $10.6 Billion May 6, 2010, New York Times Freddie Mac is asking for $10.6 billion in additional federal aid after posting a big loss in the first three months of the year. The new request will bring the total bill for rescuing Freddie...(read more)

Bomb Suspect Faced Foreclosure

Bomb Suspect Faced Foreclosure May 4, 2010, Wall Street Journal Faisal Shahzad was losing his Connecticut home to foreclosure, disliked President George W. Bush, and was an almost invisible presence at the American university where he earned two degrees...(read more)