Read the latest articles on Housing Economics here. Articles will include such topics as house prices, housing forecasts and the economy. Go to our Forums to discuss any of these articles in the General Economics Forum.
|
|
Realtors group says existing home sales rose 3.1 percent in July, but unsold houses hit a high |
|
08.25.2008 |
WASHINGTON (AP) Sales of existing homes rose 3.1 percent in July, easily beating Wall Street's expectations, as buyers snapped up deeply discounted properties in parts of the country hit hardest by the housing bust.
|
|
|
BOOK REVIEW: Shiller's Subprime Solutions |
|
08.20.2008 |
Who's to blame for the subprime crisis? Real estate speculators, mortgage brokers, underwriters, ratings agencies, borrowers, appraisers and investment bankers have come under scrutiny for the roles they played. The answer is all of the above, according to Robert Shiller, the best-selling author ofIrrational Exuberance. In his latest work,The Subprime Solution: How Today's Global Financial Crisis Happened and What to Do about It , Shiller explains that greater financial "democracy" and a "contagion of ideas" led many to conclude a "new era" had been reached in real estate. The public expected prices to rise continually. Worse, Shiller wrote: "The very people responsible for oversight were caught up in the same high expectations for future prices..." The result of this contagion was a massive real estate bubble. It began to burst in late 2005, and the bubble has continued to deflate at an increasing pace that infected subprime mortgages and eventually hit prime mortgages, the credit...
|
|
|
U.S. Housing Starts Report - Action Economics |
|
08.19.2008 |
Aug. 19, 2008 (Action Economics delivered by Newstex) -- Action Bullets U.S. housing starts plunged 11.0% in July to a 0.965 mln rate, the lowest pace since March 1991. However, the June data largely reverses the 10.4% surge in June to 1.084 mln (revised from 1.066 mln) that was the result of the advent of a building code change in New York City that boosted multifamily starts significantly. Indeed, multi-family starts fell 23.6% after the 41.3% surge in June. Single family starts fell 2.9% after a 3.2% drop previously.
|
|
|
Where real-estate market may be headed, and how to plan for it |
|
08.18.2008 |
NEW YORK (MarketWatch) -- Like everyone else, I can only guess the near-term path of the real-estate market. With that disclaimer on the books, here's my guess. The real-estate meltdown has gone deeper and wider than most people thought. Including me, I'll admit. We've all witnessed the results, and naturally everyone wonders what's next and what to do about it. Evidence of a bottom
|
|
|
Tax credit stirs interest, but what about sales? |
|
08.17.2008 |
If curiosity is any indication, the temporary $7,500 tax credit enacted by Congress as part of the Housing and Economic Recovery Act may bring home buyers back into the market. More than 18,000 visitors logged on to a Web site about the tax credit created by the National Association of Home Builders (www. federalhousingcredit.com) in each of the first two days after the site was posted. Whether this will translate into sales is anyone's guess, but the NAHB is betting on it. "We think there is substantial pent-up demand out there," NAHB spokesman Paul Lopez says.
|
|
|
|
  1 2 3  
|
| Results 1 - 25 of 57 |
