Pending Home Sales Rise Unexpectedly   Pending sales of existing U.S. homes rose modestly in October, bucking Wall Street forecasts, but the decline from a year ago was the third largest on record, a reminder of just how far the housing market has fallen.   The National Association of Realtors reported recently that its Pending […]

Home Builders Blaming the Media   According to new figures released recently, U.S. home builders remained pessimistic in November and are now beginning to blame the news media for their woes, worried that the national media’s tendancy to report negative housing stories as if there is one real estate market, when, in fact, there is […]

Help on the Way for Strapped Homeowners   The Senate moved against the worsening mortgage crisis, voting recently to make it easier for thousands of homeowners with ballooning interest rates to refinance into federally insured loans.   The legislation, approved 93-1, would allow the Federal Housing Administration to back refinanced loans for borrowers who are […]

Existing Home Sales Down   The National Association of Realtors announced recently that total existing home sales – including single-family homes, townhomes, condominiums and co-ops – decreased 1.2 percent in October when compared to the previous month’s sales.   October marked the eighth straight month that the pace of sales has declined from the month […]

Home Builders See Worse Times Ahead   Home builders’ confidence stayed at record low levels in a November as a slight uptick in buyer traffic was balanced out by a slightly more pessimistic view six months down the road.   The overall National Association of Home Builders index was 19, which was the same as […]

Home Sales Decline in 46 States   Sales of existing homes fell in 46 states during the July-September quarter as the housing market’s slump worsened   The new third-quarter figures from the National Association of Realtors underscore the severity of the housing market’s slump, which has economists increasingly pessimistic about the economic outlook.   Vermont […]

Weak Demand for Home Ownership Feared   The percentage of U.S. homes that are vacant and for sale remained at elevated levels during the third quarter, and the percentage of people who own their homes continued to decline, according to a Census Department report.  These are the starkest signs yet of the severity of the […]

Real Estate Downturn Continues   The downturn in housing shows no signs of improvement as Toll Brothers, the largest U.S. luxury home builder, said tighter credit is likely to weigh on its future bottom line.  S&P added to the negative tone when it lowered its credit rating on four home builders.  Moody’s also has several […]

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