Posts with tag economy

Homebuilders Lose Confidence After Homebuyer Tax Credit Expires

It was the tax credit, after all. Or so it seems. One of the timeliest leading indicators for real estate prices -- the homebuilder confidence survey published by the National Association of Home Builders/Wells Fargo -- dropped five points, or 22 percent, in June to a reading of 17. That's the lowest level since March,... Continue Reading »

Homeownership Dream in Decline, Says Survey

Despite still-low interest rates and home prices as a result of a market glut, there are many Americans who believe they will never be homeowners. A survey of visitors to the National Foundation for Credit Counseling's website reveals just how difficult people believe owning a home has become. Of the more than 2,000... Continue Reading »

Do Tougher Bankruptcy Laws Increase Mortgage Defaults?

It used to be that when people got into more financial trouble than they could manage on their own, they would declare personal bankruptcy. Then, in 2005, U.S. bankruptcy laws became more stringent: The amount of home equity that was protected from creditors was subject to tougher rules and, along with additional costs,... Continue Reading »

Small Space Solutions According to Libby Langdon

Those who don't know Libby Langdon yet by name might recognize her from her appearances on the "Rachael Ray Show." She's the bubbly TV cook's designer buddy who makesover tiny places and breathes new life into them. The designer used to have an HGTV series called "Small Space, Big Style." Now she has a book... Continue Reading »

Initial Unemployment Claims Rise Again

The number of people who joined the unemployment lines went up again last week, and that's terrible news for housing. People filed initial unemployment claims at a seasonally-adjusted rate of 460,000 in the week ending April 3. That's an increase of 18,000 from the previous week's revised figure of 442,000. Even the... Continue Reading »

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