Nov 05 2008
The optimism in the housing markets spurred by the federal government’s action to place Fannie Mae and Freddie Mac into conservatorship this summer has been overtaken by the continued stress and panic in the financial markets, according to the Mortgage Bankers Association of America’s (MBAA) latest outlook.
The outlook preceded by [...]
Nov 25 2007
Housing’s Significant Drag on the Economy
Economists say that house prices would have to fall 10% before buyers will make a significant dent in historically high inventory.
The general economy may not be in a recession, but the housing economy certainly seems to be, and each month its outlook just gets uglier and uglier.
Inventories of houses under [...]
Nov 17 2007
Median Home Price Finally Falls
PROPERTY: October tumble is a first since housing crunch began.
For the first time since the long national housing slide began, the median price of a house
that sold in Los Angeles County was lower than the same month a year before, according
to new figures on home sales in October. The number of [...]
Nov 13 2007
So the housing market is in the dumps, is it? These 10 communities in the country are telling a completely different story as housing costs are going up. Never forget that while there are macro trends in real estate they do not affect all communities equally. The media will lump this nebulous concept of real estate [...]