The sale of your home can depend on the local housing market or the national housing market. Check here for more information and updates about the state of the housing market, and advice on how to buy or sell in any kind of market.
New Home Sales Fall from 2006, Mortgage Rates Fall Too
Sales of new homes in the U.S. jumped 4.8 percent from August but fell more than 23 percent from September 2006, the federal government reported today...
House Passes FHA Revitalization Bill
As the Federal Reserve's Open Markets committee was meeting, the House of Representatives was busy working in Washington, DC. The House of Representa...
Homeowners, Housing Market Face Rising Foreclosures
Homeowners everywhere are feeling the pain of the housing market and rise of foreclosures. According to the latest numbers from the Mortgage Bankers Association of America (MBA), the number of homeowners starting the foreclosure process hit a record high this spring. More homeowners cannot make their mortgage payments, and as the housing market continues its downward spiral, homeowners are forced to start the foreclosure process.
Ex-U.S. Mortgage Lenders Feel Crunch
It looks like the mortgage crisis isn't being contained to the U.S. There was news today that the United Kingdom's central bank, the Bank of England,...
Mortgage Lender Cuts Jobs, Shuts Offices
In another sign of the housing market's woes, First Horizon National Corp. is cutting 1,500 jobs, or 50% of its mortgage sales force, and shutting 50 ...
Real Estate Market Ripple Effect
It's entirely possible that the U.S. won't return to a seller's market until sometime next year or later. The only wrinkle is that next year is a presidential election year and often, the housing market will slow while citizens consider who is running for office and what effect that is likely to have on the national, and local, economies.
Job Cuts Jump on Mortgage Mess
Challenger, Gray and Christmas, an international outplacement firm based in Chicago, announced this morning that planned job cuts zoomed 85 percent in...
Looking For A Good Read?
Check out New York Newsday's series on the American Home Mortgage collapse: www.newsday.com/business/ny-bzahm0801-gallery,0,2624892.storygallery?coll=...
Residential Construction Down 6 percent from June
The good news continues. Housing starts in July, 2007 were 1,381,000, down 6.1 percent from June. The bigger news is that housing starts are down nea...
Moving On: A Family Finally Sells Their House
>My son got a letter yesterday from one of his best buddies. The letter read, in part, "Moving On. Going to play for the other team." We had already ...