Aug 2nd 2010 4:20PM
Despite months-long speculation that the nation is primed for a housing recovery, homeownership -- a tenet of the quintessential American life -- is far from making a comeback. According to industry projections, millions of homes spiraling toward foreclosure are putting homeownership in jeopardy of its lowest level in 50... Continue Reading »
Jul 30th 2010 3:13PM
It's the kind of rocky horror show that everyone's been fearing. According to Altos Research, home prices will continue to decline through the rest of 2010 and start 2011 slightly lower than in 2009. The main reason for the projected drop is shadow inventory, those homes that have yet to reach the foreclosure stage but are... Continue Reading »
May 24th 2010 5:00PM
Pop the Champagne! Sales of existing homes rose more than expected in April, jumping 7.6 percent from March to 5.77 million units. That means a whopping 22.8 percent more homes were sold than in April of last year, according to the National Association of Realtors. Wait a minute. Hold that cork. It sounds like... Continue Reading »
Feb 17th 2010 9:45AM
Heartened by the recent rise in home prices? Don't get too comfortable. Standard & Poor's, the credit-rating agency that tells investors what mortgage-backed securities are worth, reports that the increase was just an illusion. It predicts the nation is about to see a deluge of new foreclosures that will drive real... Continue Reading »
