Housing Market Stumbles Wall Street Journal, July 21, 2010 The housing market, whose collapse pulled the economy into recession in late 2007, is stalling again. In major markets across the country, home sales are deteriorating, inventories of unsold homes are piling up and builders are scaling back construction...
May Foreclosure Rate Steadies as Banks Hold Back Associated Press, June 10, 2010 The number of people facing foreclosure is nearly flat from a year ago, according to the latest report from a private foreclosure listing service. A third fewer people are receiving legal warnings that they could lose their...
Housing Crash to Resume on 7 Million Foreclosures, Amherst Says September 24, 2009, Bloomberg The crash in U.S. home prices will probably resume because about 7 million properties that are likely to be seized by lenders have yet to hit the market, Amherst Securities Group LP analysts said. The “huge...
A New Bubble Of the Fed's Creation September 23, 2009, Washington Post For the past two years, the central challenge of U.S. economic policy has been to find a way to stabilize the financial system and the economy without reinflating the bubble or going back to the days of consuming more than we...
High Anxiety Over the $8,000 Home Buyer Tax Credit September 16, 2009, Wall Street Journal Builders are so eager for an extension and expansion of the popular first-time home-buyer tax credit, they’re taking out ads. The National Association of Home Builders and other housing players this week...