Foreclosed Houses Haunt Home Builders Wall Street Journal As the normally hot spring selling season begins, two houses in the Inland Empire region of Southern California sum up the big problem facing many of the nation's largest home builders. One...
As big banks on government life support — particularly Bank of America and Citigroup — continue to struggle amid rising fears that they are mortally wounded “zombie banks,” a growing chorus of industry leaders are calling for the...
U.S. Home Prices Fall at Highest Annual Rate Last Quarter International herald Tribune A widely watched index showed Tuesday that U.S. home prices tumbled by the sharpest annual rate on record in the fourth quarter and in December. The Standard &...
REOs Dominate Many Markets Inman News The foreclosure market “is the housing market” in 2009, analysts at Deutsche Bank say in a new report that's skeptical about the effectiveness of the recently passed $787 billion stimulus bill to revive...
President-elect Barack Obama is going to need his track shoes on to hit the ground running when he takes office later this month. The nation’s tortuous economic course is going to test his endurance and stamina as he winds along a very long-winded...