News & Headlines
A directory of real estate links, outlining the most popular news and other articles as voted on by the BiggerPockets community.
Links from: biz.yahoo.com
Sharp Decline in Number of Price-Reduced Homes
EMERYVILLE, CA--(Marketwire - 09/11/09) - More than 42 percent of home listings in 27 major markets tracked by ZipRealty included at least one price reduction in
Treasury's toxic asset plan could cost $1 trillion
Administration rolling out plan to buy up to $1 trillion in toxic assets
AP: Fed drives down mortgage rates; inflation may loom
Mortgage rates fall after Fed pumps out $1.2T, but dollar suffers and oil prices rise
AP: Mortgage rates sink; likely to fall further
Freddie Mac survey shows mortgage rates near record low, expected to fall more
What if the government bailed out of the bailouts?
Live or let die? What would happen if US pulled the plug on bailed-out companies
AP: Fed to buy up to $300B long-term Treasury bonds
Fed will buy up to $300 billion of long-term government bonds; keeps key rate at record low
I Pay My Mortgage: What's in the Housing Bailout For Me?
As Uncle Sam issued check after to check to keep Wall Street bankers afloat, American taxpayers--who were picking up the tab--grew increasingly resentful of paying for others' mistakes.
Dow industrials fall below 7,000; lowest since '97
Following a negative day in Asia, the US markets start on the downside, with the Dow breaking the 7,000 mark.
Regulators close banks in Illinois, Nevada
Two more banks bite the dust - Heritage Community Bank in Illinois, and Security Savings Bank in Nevada, marking 16 failures this year of federally insured institutions.
Q4 GDP sees biggest drop since 1982:
Gross Domestic Product, which measures total goods and services output within U.S. borders, plummeted at a 3.8 percent annual rate, the lowest pace since the first quarter of 1982, when output contracted 6.4 percent.
Construction spending falls less than expected
Construction spending fell less than expected in November as record activity on nonresidential projects helped offset another steep decline in housing.
Mortgage re-defaults rising with no sign of slowing
Wow. After six months, nearly 37 percent of mortgage loans modified in the first quarter were 60 or more days delinquent. After three months, 19 percent were 60 or more days delinquent or in the process of foreclosure.
Property Developers Request Bailout
What's next? Pizza shop owners request bailout? According to the WSJ some of the biggest U.S. property developers are asking for government money in the face of $160 billion in maturing commercial mortgages next year.
Homeowners who modified loans are in trouble again
More than half of all homeowners who had their loans modified to make the payments more affordable in the first half of the year are already in default again, banking regulators said Monday.
1 in 10 Homes Approaching Foreclosure
A record one in 10 American homeowners with a mortgage were either at least a month behind on their payments or in foreclosure at the end of September as the source of housing market pressure shifted to the crumbling U.S. economy.
October construction spending drops 1.2 percent
Construction spending falls by larger than expected amount as building problems intensify
Home prices post a record decline in Case-Shiller survey
The S&P Case-Shiller Home Price national index recorded a 16.6% decline in the third quarter compared with the same period a year ago. That eclipsed the previous record of 15.1% set during the second quarter.
October existing home sales fall by 3.1 percent
Existing home sales sink 3.1 pct in October from September, prices post annual 11 pct drop
Mortgage rates drop for second week
Mortgage rates dropped for a second straight week. Freddie Mac, the mortgage giant, reported Thursday that rates on 30-year, fixed-rate mortgages averaged 6.14 percent this week, down from 6.20 percent last week.
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