The Wall Street Journal June 5, 2008 The supply of homes available for sale in major metropolitan areas declined slightly in May. Total listings of homes in 29 metro areas at the end of May edged down 0.3% from a month earlier, according to figures compiled by ZipRealty Inc., a real-estate brokerage firm based in …
The Wall Street Journal June 6, 2008 FRANKFURT — Despite a steadily weakening European economy, the president of the European Central Bank said rising inflation could prompt the bank to raise interest rates next month. As expected, the ECB and the Bank of England kept their key short-term rates on hold Thursday, at 4% and …
Friday, June 6, 2008 Even though lower interest rates have made many adjustable-rate mortgages more affordable, foreclosures continue to reach new heights as more than 1 million homeowners face losing their home, according to industry figures released yesterday. That’s because what began as a mortgage crisis focused largely on subprime borrowers has spread and is …
National Realty News June 4, 2008 WASHINGTON, D.C. – Existing-home sales slowed in April, partly because restrictive lending practices hampered home buyers. At the same time, a greater number of areas are showing sales gains from a year ago and a recent reversal in mortgage policy means the market is better positioned for a turnaround, …
June 4, 2008 GETTING a mortgage used to be as easy as choosing the right color paint for a new home. Don’t have stellar credit? No problem. No verified income? Step right over here. High debt-to-income ratio? Sign on the dotted line anyway. “Two years ago, we had a meeting where a mortgage broker …
The Wall Street Journal May 27, 2008 Home sales are rising in some U.S. metropolitan areas where lenders have slashed prices on foreclosed properties. Generally, home sales remain weak. The National Association of Realtors reported last week that sales of previously occupied homes in April were down about 18% from the already depressed year-earlier level. …
The Wall Street Journal May 27, 2008 The S&P/Case-Shiller home-price indexes, a closely watched gauge of U.S. home prices, saw prices fall further in the first quarter amid the continued deterioration of home prices as the subprime-loan meltdown weighs on the sector. Meanwhile, new-home sales rose in April but failed to meet expectations because the …
May 27, 2008 Prices of single-family homes declined a record 14.1 percent in the first quarter from a year earlier, marking a pace five times faster than the last housing recession, according to the Standard & Poor’s/Case Shiller national home price index reported on Tuesday. A government report released Tuesday showed that sales of …
Stocks took a dive on Friday after a report confirmed fears that the housing slump, which has weighed on nearly every corner of the nation’s economy, was nowhere near its end. Sales of previously owned homes, which make up the bulk of the housing market, dipped 1 percent in April, to an annual rate …
