The housing market decline that has triggered a wave of foreclosures and deeply eroded recent home equity gains is also opening the door to ownership for renters who can meet tightening lending standards.
With the departure of the easy credit terms that triggered the mortgage market meltdown, lenders have raised the bar on who can qualify [...]
An economist might deem the opportunity cost of building versus buying a house right now to be unacceptably high. And judging from emails I have received, so do some of my readers.
With the U.S. in a housing slump there’s an ever growing array of homes for sale at lower prices. Meanwhile, prices for supplies like [...]
Homebuilder Standard Pacific Corp. said Monday its net new home orders, excluding discontinued operations, for April and May fell 12 percent from the same period last year, blaming a tough housing market.
Adjusting for the number of active selling communities, new home orders, excluding discontinued operations, were down 18 percent on a same-store basis, the company [...]
U.S. home builders, struggling under sinking demand and a credit crisis, now face a fresh obstacle: competition from a flood of homes in foreclosure.
Grappling with the worst U.S. housing market downturn since the Great Depression, home builders have curbed their building activities. They’ve also been slicing through their inventories of unsold homes by slashing prices [...]
Home builders Hovnanian Enterprises and Toll Brothers Inc. have had a tough week, reporting quarterly losses amid the suburban housing slump. But home builder Lennar Corp. was granted a gift from San Francisco voters on Tuesday night.
City voters soundly supported a measure that will allow the Miami-based builder to develop a sprawling, 770-acre property into [...]
Home prices in Britain fell 2.5 percent in April, Nationwide, the country’s largest building society said Friday.
Prices have fallen seven consecutive months and are now 4.4 percent below a year ago.
Home prices in Britain peaked in October at an average price of $367,7620, the report said.
Howard Archer, an economist at Global Insight, said April’s figures [...]
Greater Sacramento’s home values have declined 30 percent since the peak of the housing market in fourth-quarter 2005, according to a real estate Web site.
And almost 70 percent of families in the four-county region who bought their homes in 2006 have negative equity, one of the highest rates in the nation but far from the [...]
Home prices around the county dropped a record 16.7 percent over the last year, making the region the fourth-weakest market of 20 surveyed in the monthly Standard & Poor’s/Case-Schiller home price index.
Nationally, Case-Schiller reported Tuesday that all but one of the 20 metro areas experienced year-over-year declines in January, with Las Vegas and Miami tied [...]
The Federal Home Loan Bank system won permission yesterday to double the amount of capital that it can spend to purchase mortgage bonds in an effort to boost home lending and revive the nation’s housing market.
The Federal Housing Finance Board approved a plan that would allow the 12 privately financed, government-sponsored Federal Home Loan Banks [...]
Home equity loans grew popular in the 1980s, as lenders let homeowners borrow as much as 100 percent of their equity. But in 2007, that practice was given a major overhaul.
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During the wild and bullish price run experienced across housing markets at [...]