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 ‘housing market’
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...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
New home construction drops, but outlook brightens
July 20th, 2010 by HardMoney Writer
New home construction fell to the lowest level of the year in June, but there were indications of increased activity in coming months, the government said Tuesday.
Housing starts fell 5% from May to a seasonally adjusted annual rate of 549,000 last month, the Commerce Department said.
Economists were expecting housing starts to fall to 575,000. On [...]
Tags: commerce department, home buyers, home investors, homebuilder, housing market, leading economist, mortgage rates, real estate, tax credit
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
Producer Prices in U.S. Decreased 0.3% in May on Fuel
June 16th, 2010 by HardMoney Writer
Wholesale prices in the U.S. fell in May for the third time in the past four months, pulled down by lower costs for energy and food as European default concerns threatened to slow the global expansion.
The European debt crisis has prompted economists to trim inflation forecasts on increased prospects for weaker global growth and a [...]
Tags: commerce department, Commodities, economy recovery, European economy, eurozone economy, Federal Reserve, financial market, housing market, interest rates, money
KB Home posts smaller loss in 1Q
March 23rd, 2010 by HardMoney Writer
KB Home posted a smaller loss its fiscal first quarter, as the homebuilder saw signs of stability in the housing market.
KB Home said Tuesday its new home orders increased 5 percent to 1,913 in the quarter compared with the prior year. In another positive sign, the number of buyers canceling contracts fell to 22 percent [...]
Tags: buyers, home orders, homebuilder, housing market, interest rates, kb home, unemployment
Stocks rise on upbeat earnings, economic reports
February 17th, 2010 by HardMoney Writer
Upbeat earnings from Deere & Co. and a better-than-expected housing report are sending stocks modestly higher in early trading.
Overseas markets are also rising Wednesday following improved earnings in Europe from companies including French bank BNP Paribas.
The report on housing construction and Deere’s results should keep traders focused on the U.S. economy for at least another [...]
Tags: bank lending, Dow Jones Industrial, housing market, investors, stocks rise, US Economy
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