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 …
Says Home Sales and Prices Will Pick Up in Second Half of 2008 National Realty News WASHINGTON, D.C. – Home sales and prices throughout most of the country are poised for improvement in the second half of 2008, and the recovery will vary by market, Lawrence Yun, chief economist for the National Association of REALTORS® said …
The Wall Street Journal WASHINGTON — Existing-home sales fell a second month in a row during April, while inventories surged and prices dropped sharply from a year earlier. Home resales fell to a 4.89 million annual rate, a 1.0% decrease from March’s revised 4.94 million annual pace, the National Association of Realtors said Friday. Originally, …
The Wall Street Journal Drop of 1.7% Shows Mortgage Market Still Is Unsteady Home prices are falling faster as the economy slows and turmoil in the mortgage markets continues. Prices fell an average of 1.7% nationwide in the first quarter from the final three months of 2007, according to the Office of Federal Housing Enterprise …
The Wall Street Journal Executives of Fannie Mae and Freddie Mac told Congress they are finally bringing down interest rates on some “jumbo” mortgages. The executives testified Thursday before the House Financial Services Committee, whose chairman, Rep. Barney Frank, a Massachusetts Democrat, was seeking information on why such mortgages have remained relatively expensive. Jumbo mortgages …
Not Even for a Car? Mark and Elaine Hendricks recently offered their 2000 Mustang convertible as a freebie to anyone who would buy their Woodbridge house, but even that failed to distinguish it from the roughly 700 other homes for sale in their Zip code. “We wanted to try something unusual, thinking maybe it might …
