With Foreclosures Rising, Why is Housing Market Improving? Christian Science Monitor The US housing market shows signs of progress, even in the face of a rising and record tide of foreclosures. On its face, that sounds incongruous. All those loan defaults...
Look at Case-Shiller Numbers, by Metro Area Wall Street Journal January 27, 2009 The S&P/Case-Shiller home-price index, a closely watched gauge of U.S. home prices, showed accelerating price declines. Obstacles Delay REO Sales Inman News January 27...
When the British rock band The Clash penned their only number-one single “Should I Stay Or Should I Go” in 1981 for their album Combat Rock, they never imaged the song would have serious implications for the 2009 U.S. housing market. Today...
As home prices continue to decline nationwide, many homeowners find themselves with negative equity, owing more on their loans than their houses are worth. Negative equity, or being “underwater,” exposes borrowers to foreclosure because they...