Home Prices Edge Down as Tax Credit Fails to Lift Market
Home Prices Edge Down as Tax Credit Fails to Lift Market
May 25, 2010, CNBC
Single-family home prices were unchanged in March from February, but fell in the first quarter under renewed pressure before federal aid for buyers faded away, Standard & Poor's/Case Shiller home price indexes showed Tuesday. Prices have rebounded from lows hit during the crisis, yet the end of tax incentives for home buyers, combined with mounting foreclosures, suggests more weakness, S&P said.
What’s Next for Fannie and Freddie?
May 24, 2010, Wall Street Journal
It turns out that Fannie Mae and Freddie Mac, already becoming the most expensive legacy for taxpayers from the financial crisis, aren’t just too big too fail. As my column in Monday’s WSJ explains, they’re also proving too tough to reform.
Think Housing is Recovering? Think Again.
May 25, 2010, CNNMoney.com
Americans purchased homes at a surprising clip in April, but don't let that fool you into thinking the housing market is back. Although economists were expecting a month-over-month increase of 5.5 percent, the National Association of Realtors reported yesterday that sales of previously owned homes rose an unexpected 7.6 percent. That continued a yearlong rise in housing activity and marked the highest number of sales recorded since November of last year.