Foreclosure activity climbed in three-quarters of the largest U.S. metropolitan areas in the first half of 2010, compared with the same period a year ago, but declined in some of the nation’s hardest-hit regions, according to data released Thursday.
The number of properties in some stage of foreclosure rose during the first six months of the [...]
Posts Tagged ‘home sales’
Foreclosure activity rises in most major metropolitan areas
July 29th, 2010 by HardMoney Writer
Tags: borrowers, businesses, commerce department, financial crisis, Financial Markets, foreclosures, global economic, hard money, Hard Money Loans, home prices, home sales, housing market, lenders, loans
more...Home Prices in 20 U.S. Cities Rose More Than Forecast
July 27th, 2010 by HardMoney Writer
Home prices in 20 U.S. cities rose more than forecast in May from a year earlier as a government tax credit temporarily underpinned sales.
The S&P/Case-Shiller index of property values increased 4.6 percent from May 2009, the biggest year-over-year gain since August 2006, the group said today in New York. Another report showed consumer confidence dropped [...]
Tags: borrowers, chief economist, Financial Markets, foreclosure, home prices, home sales, investments, JPMorgan, loan, mortgage rates, real estate, tax credit
New-home sales rebound from record low in June
July 26th, 2010 by HardMoney Writer
U.S. sales of new homes had a better-than-expected rebound in June after falling to record lows in May.
Sales rose 23.6% in June to a seasonally adjusted annual rate of 330,000, the Commerce Department reported Monday.
New-home sales plummeted a revised 36.7% in May to a record low 267,000 level after a federal subsidy for home buyers [...]
Tags: commerce department, economists, global recovery, Hard Money Loans, home buyers, home sales, homebuilder, housing market, loan, money, US Economy
Purchases of U.S. Existing Homes Fell in June
July 22nd, 2010 by HardMoney Writer
Sales of U.S. previously owned homes fell in June for a second month, adding to evidence the market will slump as the effects of a federal tax credit fade.
Purchases of existing houses dropped a less-than-forecast 5.1 percent to a 5.37 million annual rate, figures from the National Association of Realtors showed today in Washington. The [...]
Tags: chief economist, economic recovery, foreclosures, home sales, homebuilder, housing market, mortgages, tax credit, us unemployment
Yen Rises as European Stress Tests, Slowdown Concerns Boost Safety Demand
July 21st, 2010 by HardMoney Writer
The yen rose, snapping a two-day decline against the dollar and the euro, as concern over the pace of the U.S. recovery and the financial health of European banks boosted demand for Japan’s currency as a refuge.
The yen climbed against all of the 16 most-traded currencies except for the Canadian dollar, South African rand and [...]
Tags: bank of japan, economic growth, economic recovery, economists, European economy, global economic, home sales, investments
Homebuilder Confidence in U.S. Falls to One-Year Low
July 19th, 2010 by HardMoney Writer
Builders in the U.S. turned more pessimistic in July than forecast, a sign the expiration of a government tax credit will depress home construction.
The National Association of Home Builders/Wells Fargo confidence index dropped to 14 this month, the lowest level since April 2009, from 16 in June, data from the Washington- based group showed today. [...]
Tags: foreclosure, home sales, homebuilder, leading economist, lenders, mortgage lenders, mortgages, tax credit, us unemployment, Wells Fargo
Mortgage Bonds Booming
July 2nd, 2010 by HardMoney Writer
Residential mortgage bonds, the center of the financial crisis not long ago, are once again darlings of the financial market.
Investors are seeking out mortgage bonds backed by the U.S. government as a safe haven from the tumult of the global economy, a reversal of fortune that has helped drive mortgage rates for consumers to record [...]
Tags: consumers, Fannie Mae, financial crisis, financial market, Freddie Mac, global economic, home sales, homeowners, housing market, investors, mortgage rates, mortgages
New home sales plummet to record low
June 23rd, 2010 by HardMoney Writer
New home sales plummeted to a record low in May, the first month following the expiration of the homebuyer tax credit. This snapped a two-month streak of gains.
New home sales declined 32.7% to a seasonally adjusted rate of 300,000 last month, down from an downwardly revised 446,000 in April, the Commerce Department reported Wednesday. Sales [...]
Tags: chief economist, commerce department, Financial Markets, home buyers, home sales, lenders, loan, mortgage, real estate, stock market, tax credit
Existing home sales soar in April
May 24th, 2010 by HardMoney Writer
NEW YORK — Existing home sales soared in April as home buyers scrambled to claim the tax credit that expired at the end of the month, according to a real estate industry report released Monday.
The National Association of Realtors reported that existing home sales jumped 7.6% last month to a seasonally adjusted annual rate of [...]
Tags: economic recovery, economy, financial market, home buyers, home sales, interest rates, investors, stock market, tax credit, US Economy
Housing market’s recovery appears at risk
March 24th, 2010 by HardMoney Writer
The recovery in the housing market is at risk of collapsing.
Home sales are sliding, prices are stalling and foreclosures are rising. And mortgage rates are likely to go up after next week, when the Federal Reserve ends a program that has driven them down.
The trend could threaten the broader economy, economists warn. People whose home [...]
Tags: Federal Reserve, foreclosures, home equity, home sales, housing market's, mortgage rates
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