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: hosted.ap.org
Housing Bust Worst Since Great Depression
The American dream of homeownership has felt its biggest drop since the Great Depression, according to new 2010 census figures released Thursday.
Rising oil prices beginning to hurt US economy
Just when companies have finally stepped up hiring, rising oil prices are threatening to halt the U.S. economy's gains.
New-home sales plunged in February to record low
The number of people buying new homes plunged in February to the fewest on records dating back nearly half a century, a dismal sign for an already-weak housing market.
Home sales fall 9.6 pct in February
Fewer Americans bought previously occupied homes in February, pushing the median home price down to its lowest level in nearly 9 years.
Avg rate on 30-yr mrtg falls to 4.87%
NEW YORK (AP) -- The average rate on the 30-year fixed mortgage dropped this week, following lower yields on Treasury bonds.
Foreclosure activity up across most US metro areas
California, Nevada, Florida and Arizona remain the nation's foreclosure hotbeds, accounting for 19 of the top 20 metropolitan areas with the highest foreclosure rates between July and September
Associated Press Interactive: AP Economic Stress Index
Associated Press Interactive: AP Economic Stress Index
Banking execs say gov't needs to back mortgages
The call from business for less government has a notable exception: the mortgage market.
D.R. Horton posts $50.5M profit for third quarter
D.R. Horton Inc. said Tuesday it reversed a year-ago loss in its fiscal third quarter as homebuyers raced to close on purchases before the end of June to qualify for federal tax credits.
Borrowers exit troubled Obama mortgage program
The Obama administration's flagship effort to help people in danger of losing their homes is falling flat. More than a third of the 1.24 million borrowers who have enrolled in the $75 billion mortgage modification program have dropped out.
Lawmakers consider home tax credit extension
Homebuyers may get an extra three months to finish qualifying for federal tax incentives that boosted home sales this spring.
D.R. Horton reports 2Q profit
D.R. Horton Inc. said Friday it turned a profit in the fiscal second quarter, as active first-time homebuyers led to spikes in new orders and sales.
New home sales jump from record low
Sales of new homes surged 27 percent last month, bouncing off the previous month's record low and blowing past expectations
Gov't extends deadline for refinance program
The government is giving homeowners another year to refinance their loans under a little-used program designed to help borrowers whose homes have plummeted in value.
Median home prices show signs of stability
Home prices rose in more than 40 percent of U.S. cities in the fourth quarter of last year, as massive federal spending helped the housing market show signs of stability.
Unemployment-claims data signal job gains are near
Government report Thursday on "Claims for Unemployment aid" Layoffs - easing & possible first monthly gain in jobs in 2 yrs.
Pending home sales fall 16 percent in Nov. -AP
Double digit drop in home sales but some good news. "We expect housing to just limp along even as the rest of the economy is growing fairly strongly," -Quote
20 million-plus collect unemployment checks in '09
A record 20 million-plus people collected unemployment benefits at some point in 2009. "Fewer people are getting fired, but nobody is finding a job," said Dan Greenhaus, chief economic strategist at Miller Tabak.
Credit crunch: Home equity lending evaporates
Hocking the house for quick cash is a lot harder than it used to be, and it's causing headaches for homeowners, banks and the economy.
ALL BUSINESS: No consequences for lying borrowers
The government shouldn't reward liars. But that's the effect of changes to the Obama administration's failing program to help homeowners modify their mortgages.
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