The Home Front


April 2008


As Housing Slumps, Rents Rise

By |

Seems like a pretty good time to be a renter, huh? While everyone else is sobbing over the free-falling value of their homes, renters can rest easy knowing that at least they haven't plowed money into a losing investment.

Not so fast.

As the good folks over at the Real Estate Bloggers point ...

Read More

TAGS:
real estate
renting

Another Painful Month for Housing

By |

March housing starts dropped nearly 12 percent from February and more than 36 percent from a year earlier, the Census Bureau reported today. At the same time, "permits dropped 5.8 percent to 927,000, also far below the consensus, 970,000, and the lowest level since April 1991," Ian Shepherdson, the ...

Read More

TAGS:
housing market
housing

Ron Paul Sees Bailout Writing on the Wall

By |

With momentum building for some form of taxpayer-funded housing rescue, what better time to check in with one of the most ardent bailout opponents, Republican Rep. Ron Paul of Texas? Excerpts from an interview:

What is the likelihood that Congress will pass some form o f large-scale government ...

Read More

TAGS:
housing
Paul, Ron

Foreclosure Filings Up Sharply

By |

RealtyTrac's March 2008 U.S. Foreclosure Market Report shows that foreclosure filings nationwide increased 5 percent from the previous month and 57 percent from a year earlier. All told, 1 out of every 538 households received a foreclosure filing in March, the report says.

"The March ...

Read More

TAGS:
foreclosures
housing

Brokered Subprime Loans Cost More

By |

Subprime borrowers who use brokers pay "significantly more" than those who go directly to the lender, according to a study by the Center for Responsible Lending.

The research—the first to empirically examine the effect of broker compensation on a broad spectrum of borrowers—reveals ...

Read More

TAGS:
subprime mortgages
loans

It Takes One to Know One...

By |

Looks as if some of the folks who helped create the housing mess have had a change of heart.

From NPR:

Some out-of-work mortgage brokers have now found their way to nonprofits like this one. The [Neighborhood Assistance Corp. of America] is working with borrowers facing foreclosure all ...

Read More

TAGS:
subprime mortgages
housing

Credit Crisis Tab?

By |

Any report about the housing-led credit crisis is bound to include some scary numbers. But here's the scariest so far:

From Reuters:

The International Monetary Fund said on Tuesday that turmoil in credit markets could spread with losses possibly approaching $1 trillion...and cautioned ...

Read More

TAGS:
credit
housing
IMF

Pending Home Sales Drop

By |

Although recent data have triggered some cautious optimism, a report released today indicates that a recovery in the housing market is still far from a reality.

The National Association of Realtors reports that pending sales of existing homes fell nearly 2 percent in February from January and ...

Read More

TAGS:
housing
housing market

You Think U.S. Homes Are Overvalued?

By |

The International Monetary Fund has identified several countries where home prices were even more overvalued than in the United States.

[The IMF] concluded that house prices in the United States in mid-2007 were 11 percent higher than the fundamentals would justify.

But that ...

Read More

TAGS:
IMF
housing
prices

Housing Bill Called Weak

By |

While the removal of a bankruptcy provision was essential to the deal reached on the Senate's $15 billion housing bill, it has created problems on another front. After stripping the provision that would have let judges alter the terms of certain loans, Democrats now face criticism from consumer ...

Read More

TAGS:
legislation
housing

Is That Daylight?

By |

Radar Logic's RPX Monthly Housing Report for January 2008, released today, includes some encouraging findings:

• For January 2008, of the 25 Metropolitan Statistical Areas (MSAs) examined, two residential markets (New York and Charlotte) show price increases, two markets (Milwaukee and ...

Read More

TAGS:
housing market

Banning Home Foreclosures?

By |

Here's a legislative stab at ending the housing crisis that's sure to be more controversial than most:

"Rep. Maxine Waters, the chairwoman of the House Financial Services housing subcommittee, introduced a bill Wednesday that would ban foreclosures unless lenders and services made 'reasonable'

Read More

TAGS:
foreclosures
mortgages

Hope Now Under Fire

By |

Although more than 4,500 people every day call Hope Now—one of the White House's key weapons in battling the housing crisis—few seem to be getting much help, the New York Times reports. "One reason is that the financial powers behind Hope Now—mortgage lenders, loan servicers and big investors—are ...

Read More

TAGS:
housing

Mortgage Applications Drop

By |

The most recent survey from the Mortgage Bankers Association showed a roughly 29 percent week-over-week decline in the number of mortgage applications filed. "Refinancing decreased 38 percent following an 82 percent surge a week earlier, and the purchases index dropped to a five-year low,"

Read More

TAGS:
mortgages

You Might Also Like


See More