Most Active Articles 2009-11-24T09:38:10.777-05:00 Business Exchange Business_Exchange@businessweek.com urn:com:businessweek:bx:topic:most-active:housing-market Peter Elstrom pelstrom077 urn:com:businessweek:bx:article:3063149342684997075-b1f46c458cbfb1ea94e59b89625fe338 2009-11-23T11:26:56.160-05:00

WHAT HAPPENS WHEN THE GOVERNMENT STOPS PROPPING UP THE HOUSING MARKET? 23 November 2009 by TPC 2 Comments As we all know by now government spending and the Fed’s liquidity programs have provided a substantial boost to the economy. Some would argue...

WHAT HAPPENS WHEN THE GOVERNMENT STOPS PROPPING UP THE HOUSING MARKET? 23 November 2009 by TPC 2 Comments As we all know by now government spending and the Fed’s liquidity programs have provided a substantial boost to the economy. Some would argue... http://pragcap.com/what-happens-when-the-government-stops-propping-up-the-housing-market Henry Blodget hblodget186 11 10 1 0 urn:com:businessweek:bx:article:4556818906697432753-b8a7c0b21c9e391f317ffe605a5ee4f5 2009-11-23T11:23:55.734-05:00

The Mortgage Bankers Association released a grim report today revealing that nearly one in seven households with mortgages is behind on payments or already in foreclosure.

The Mortgage Bankers Association released a grim report today revealing that nearly one in seven households with mortgages is behind on payments or already in foreclosure. http://www.businessinsider.com/yow-one-in-seven-homeowners-with-mortgages-are-in-trouble-2009-11 Henry Blodget hblodget186 3 3 0 0 urn:com:businessweek:bx:article:1075545644742299890-2674cf2aaa4268cb5e80150b309946ce 2009-11-23T09:35:49.327-05:00

Nov. 23 (Bloomberg) -- Sales of existing U.S. homes probably increased in October to the highest level in more than two years, spurred in part by a tax credit that lured first-time buyers, economists said before a report today. Purchases rose 2.

Nov. 23 (Bloomberg) -- Sales of existing U.S. homes probably increased in October to the highest level in more than two years, spurred in part by a tax credit that lured first-time buyers, economists said before a report today. Purchases rose 2. http://www.bloomberg.com/apps/news?pid=20601206&sid=a6NvtYIHxRq8 Charles Dubow cdubow602 4 4 0 0 urn:com:businessweek:bx:article:16379798941332325828-bcea4ff0538de91746b6530382add3b6 2009-11-23T07:17:00.755-05:00

Current mortgage rates are lower this week over last. Conventional mortgage rates and jumbo mortgage rates are both lower. The average mortgage interest rate for a 30 year fixed mortgage is at 4.90 percent. The average conventional 15 year mortgage...

Current mortgage rates are lower this week over last. Conventional mortgage rates and jumbo mortgage rates are both lower. The average mortgage interest rate for a 30 year fixed mortgage is at 4.90 percent. The average conventional 15 year mortgage... http://www.monitorbankrates.com/mortgages/current-mortgage-rates-lower-this-week-4714 Brian McKay bjones239 6 6 0 0 urn:com:businessweek:bx:article:12437467758404727485-873cf90ab4d249700203074f9818575c 2009-11-17T14:29:12.321-05:00

You'd think that the character of a village that grew from 12,000 to 60,000 residents in less than 40 years might have changed with the population. But young families move into Tinley Park, Ill., a proud village 25 miles southwest of Chicago, for...

You'd think that the character of a village that grew from 12,000 to 60,000 residents in less than 40 years might have changed with the population. But young families move into Tinley Park, Ill., a proud village 25 miles southwest of Chicago, for... http://bit.ly/3resc1 Lauren Young lyoung404 88 87 0 1 urn:com:businessweek:bx:article:8057832288852519551-9ffe4387ff4be040ff2a50778f05dabd 2009-11-20T15:22:28.092-05:00

Each week, I receive dozens of letters from readers. The vast majority of them are in trouble financially, mostly because they've lost their job and can't pay their bills. I get the sense from reading these e-mails that each of these homeowners...

Each week, I receive dozens of letters from readers. The vast majority of them are in trouble financially, mostly because they've lost their job and can't pay their bills. I get the sense from reading these e-mails that each of these homeowners... http://www.ihavenet.com/Real-Estate-Unemployment-and-Foreclosure-If-You-Do-not-Have-a-Job-How-Will-You-Pay-the-Mortgage.html Dean Mikelis dmikelis084 21 21 0 0 urn:com:businessweek:bx:article:17801292607650395266-1a9e8dc732c3df4ae3b5a5af17cdc93f 2009-11-20T09:37:42.787-05:00

A recovery in U.S. housing will have to wait at least until next year. The outlook for the home market dimmed this week as residential construction and mortgage applications fell and loan delinquencies reached a record.

A recovery in U.S. housing will have to wait at least until next year. The outlook for the home market dimmed this week as residential construction and mortgage applications fell and loan delinquencies reached a record. http://www.bloomberg.com/apps/news?pid=20601087&sid=akUXumKHhBNw&pos=3 Charles Dubow cdubow602 23 23 0 0 urn:com:businessweek:bx:article:11870267903797120939-d2edcf838119322d562513fd0d0034d7 2009-11-20T15:21:24.117-05:00

In the more than three years since the housing bubble popped, American real estate prices have declined at a historic clip. The national median price of an existing home dropped to $177,700 in August. That's 21 percent below the level in August...

In the more than three years since the housing bubble popped, American real estate prices have declined at a historic clip. The national median price of an existing home dropped to $177,700 in August. That's 21 percent below the level in August... http://www.ihavenet.com/Real-Estate-What-a-Median-Priced-Home-Looks-Like-in-10-Different-Cities.html Dean Mikelis dmikelis084 12 12 0 0 urn:com:businessweek:bx:article:2273913732046354413-6ada1f35be6a8db02f0b2a85fb68da2c 2009-11-18T10:00:24.989-05:00

The investerati would have you believe that you or they can somehow beat the S&P 500 with regularity. You can and should invest on your own and save a fortune. Paying someone 1-5% for nothing makes absolutely no sense. You pump your own gas right?

The investerati would have you believe that you or they can somehow beat the S&P 500 with regularity. You can and should invest on your own and save a fortune. Paying someone 1-5% for nothing makes absolutely no sense. You pump your own gas right? http://www.moneyfinanceandinvesting.com Scott Barclay sbarclay585 10 9 0 1 urn:com:businessweek:bx:article:15048622372193042185-eda7f129a47186c2af4e25aff09fc4e8 2009-11-19T10:06:58.546-05:00

The U.S. housing market is sputtering again, adding to doubts about the vigor of the economic recovery. Just a few months after housing showed signs of leveling off, bad weather and uncertainty over the extension of a home-buyer tax credit sent new-home starts in October tumbling 10.6% from the previous month. They fell to the lowest level since April, the Commerce Department said Wednesday. Starts of single-family houses fell 6.8%.

The U.S. housing market is sputtering again, adding to doubts about the vigor of the economic recovery. Just a few months after housing showed signs of leveling off, bad weather and uncertainty over the extension of a home-buyer tax credit sent new-home starts in October tumbling 10.6% from the previous month. They fell to the lowest level since April, the Commerce Department said Wednesday. Starts of single-family houses fell 6.8%. http://online.wsj.com/article/SB125854971533953543.html Henry Blodget hblodget186 16 16 0 0 urn:com:businessweek:bx:article:7252413187503575390-2ad0a6177451aced33ae67c3ba3d27b3 2009-11-20T11:36:30.909-05:00

In January, Mike Rowland was so broke that he had to raid his retirement savings to move here from Boston. A week ago, he and a couple of buddies bought a two-unit apartment building for nearly a million dollars.

In January, Mike Rowland was so broke that he had to raid his retirement savings to move here from Boston. A week ago, he and a couple of buddies bought a two-unit apartment building for nearly a million dollars. http://www.nytimes.com/2009/11/20/business/20limits.html?_r=2&adxnnl=1&ref=business&adxnnlx=1258732966-kd+9fGZW7+Ss/NfcbLpzsw Henry Blodget hblodget186 7 7 0 0 urn:com:businessweek:bx:article:7899682606015054427-2eed675278b1fa115ee38a1c654b7455 2009-11-20T15:22:44.369-05:00

Have you fallen on hard times? Do you need your mortgage loan modified? Just flip on the television or radio, or surf the Internet, and you will find countless ads placed by companies offering to help you get a loan modification. The only problem...

Have you fallen on hard times? Do you need your mortgage loan modified? Just flip on the television or radio, or surf the Internet, and you will find countless ads placed by companies offering to help you get a loan modification. The only problem... http://www.ihavenet.com/Real-Estate-Mortgage-Lenders-Make-More-Money-When-Loan-Goes-into-Foreclosure.html Dean Mikelis dmikelis084 4 4 0 0 urn:com:businessweek:bx:article:647259036299288515-c36709ebb91f77235ee77e2d8d8b35e9 2009-11-20T15:22:00.049-05:00

Millions of additional people may be able to take advantage of the new and improved first-time homebuyer tax credit now, and it's not just for first-time homebuyers anymore. You may qualify. President Obama signed legislation Friday to extend...

Millions of additional people may be able to take advantage of the new and improved first-time homebuyer tax credit now, and it's not just for first-time homebuyers anymore. You may qualify. President Obama signed legislation Friday to extend... http://www.ihavenet.com/Real-Estate-You-May-Qualify-for-a-Homebuyer-Tax-Credit.html Dean Mikelis dmikelis084 3 3 0 0 urn:com:businessweek:bx:article:8409233776548229528-ddd89b004d643aa849715d62abb27746 2009-11-20T15:21:48.876-05:00

It looks like the $8,000 bet many existing homeowners made is going to pay off. Senate negotiators announced during the last week of October that they had come to an agreement on extending and slightly expanding the extremely popular $8,000 first...

It looks like the $8,000 bet many existing homeowners made is going to pay off. Senate negotiators announced during the last week of October that they had come to an agreement on extending and slightly expanding the extremely popular $8,000 first... http://www.ihavenet.com/Real-Estate-First-Time-Home-Buyer-Tax-Credit-Will-Be-Extended-And-Expanded.html Dean Mikelis dmikelis084 3 3 0 0 urn:com:businessweek:bx:article:15371820536810596681-5809a7d4c6f67d8d61e885b3dfbdf2d3 2009-11-16T12:06:54.488-05:00

On Friday I posted a graph showing the historical relationship between housing starts and the unemployment rate (repeated as the 2nd graph below). The graph shows that housing leads the economy both into and out of recessions, and the unemployment rate lags housing by about 12 to 18 months.

On Friday I posted a graph showing the historical relationship between housing starts and the unemployment rate (repeated as the 2nd graph below). The graph shows that housing leads the economy both into and out of recessions, and the unemployment rate lags housing by about 12 to 18 months. http://www.calculatedriskblog.com/2009/11/housing-starts-and-vacant-units-no-v.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+CalculatedRisk+%28Calculated+Risk%29&utm_content=Google+Reader Henry Blodget hblodget186 18 17 0 1 urn:com:businessweek:bx:article:1595963239717271007-df23a808c8e0fab689d3328b84f07638 2009-11-18T09:47:05.405-05:00

Builders in October unexpectedly broke ground on fewer U.S. houses as the sales outlook darkened with the looming expiration of a government tax credit and mounting joblessness. The 11 percent plunge in starts to an annual...

Builders in October unexpectedly broke ground on fewer U.S. houses as the sales outlook darkened with the looming expiration of a government tax credit and mounting joblessness. The 11 percent plunge in starts to an annual... http://www.bloomberg.com/apps/news?pid=20601087&sid=ad6MwbnU8CWY&pos=2 Charles Dubow cdubow602 5 5 0 0 urn:com:businessweek:bx:article:286253370979503263-cf143699d329532cffad4e4dd19eb656 2009-02-20T18:33:56.522-05:00

Real-estate agents have been pushing the virtues of homeownership since homes were invented. Or since real-estate agents were invented, anyway. Paying a mortgage, they insist, is a can't-miss investment (the tax breaks, the appreciation, the thrill...

Real-estate agents have been pushing the virtues of homeownership since homes were invented. Or since real-estate agents were invented, anyway. Paying a mortgage, they insist, is a can't-miss investment (the tax breaks, the appreciation, the thrill... http://www.usnews.com/articles/business/personal-investing-guide/2007/12/05/rent--dont-buy--your-home.html Maharshi Patel mpatel543 1,375 1,373 2 0 urn:com:businessweek:bx:article:2213900663222319673-80fb221adf32f9eb2c3cf330f095bc89 2009-11-16T07:49:42.059-05:00

Long term mortgage interest rates are lower this week over last, both conforming mortgage rates and jumbo mortgage rates are lower. Today’s average mortgage rate for a 30 year fixed mortgage is back under 5.00 percent at 4.95 percent. 10-year U.S.

Long term mortgage interest rates are lower this week over last, both conforming mortgage rates and jumbo mortgage rates are lower. Today’s average mortgage rate for a 30 year fixed mortgage is back under 5.00 percent at 4.95 percent. 10-year U.S. http://www.monitorbankrates.com/mortgages/mortgage-interest-rates-current-mortgage-rates-november-16-2009-4707 Brian McKay bjones239 14 14 0 0 urn:com:businessweek:bx:article:5974867508525269159-a8b1262f1389a2a1ca94e4bc4b47eefb 2009-11-18T08:52:33.630-05:00

30 year mortgage rates are down to 4.83 percent in the latest Mortgage Application Survey released by the Mortgage Bankers Association. This is a decline from last week’s average 30 year contract interest rate of 4.90 percent. This is the lowest...

30 year mortgage rates are down to 4.83 percent in the latest Mortgage Application Survey released by the Mortgage Bankers Association. This is a decline from last week’s average 30 year contract interest rate of 4.90 percent. This is the lowest... http://www.monitorbankrates.com/mortgages/30-year-mortgage-rates-at-483-mba-4709 Brian McKay bjones239 4 4 0 0 urn:com:businessweek:bx:article:15700566067389655534-18e6e453f00f01c0d0220c405e198af0 2009-11-19T02:44:12.999-05:00

You have the right as a home buyer: • To shop for around for the best loan among different mortgage lenders and brokers. • To be informed of your loan’s total costs. This includes interest rates, points, and other fees assessed by a lender or broker. • To be informed of any fees that will not be refunded to you in the event that you cancel the loan agreement. • To know the reason for denial if your loan is turned down. • To receive a free copy of the credit report that was used in denial of your loan. The lender should give you information about obtaining this credit report. • To have income from child support, alimony, and pension considered in qualification for a loan. • To ask questions about anything you do not understand about loan charges and terms. • To know what you and the lender are paying the mortgage broker for a loan. • To be considered for a loan regardless of age (unless under the legal age to sign a contract), gender, marital status, race, color, religion, and national origin. • To receive an appraisal report for the home.

You have the right as a home buyer: • To shop for around for the best loan among different mortgage lenders and brokers. • To be informed of your loan’s total costs. This includes interest rates, points, and other fees assessed by a lender or broker. • To be informed of any fees that will not be refunded to you in the event that you cancel the loan agreement. • To know the reason for denial if your loan is turned down. • To receive a free copy of the credit report that was used in denial of your loan. The lender should give you information about obtaining this credit report. • To have income from child support, alimony, and pension considered in qualification for a loan. • To ask questions about anything you do not understand about loan charges and terms. • To know what you and the lender are paying the mortgage broker for a loan. • To be considered for a loan regardless of age (unless under the legal age to sign a contract), gender, marital status, race, color, religion, and national origin. • To receive an appraisal report for the home. http://hamazines.com/Article/Appraiser-Forum--Your-Rights-As-a-Home-Buyer/6840 Myhammer UK zpanthaky227 0 0 0 0 urn:com:businessweek:bx:article:5184506383735287553-0a02b66e88eb092c511176ee03bbf669 2009-11-18T12:53:44.309-05:00

Socially responsible emerging manager Paladin Strategic Partners has acquired a controlling interest in HomeSaver Mortgage Management. Originally formed to utilize private capital in acquiring bank-owned portfolios of troubled mortgage assets,...

Socially responsible emerging manager Paladin Strategic Partners has acquired a controlling interest in HomeSaver Mortgage Management. Originally formed to utilize private capital in acquiring bank-owned portfolios of troubled mortgage assets,... http://www.hedgetracker.com/article/Paladin-Strategic-Partners-Acquires-Stake-in-HomeSaver-Mortgage-Management Todd Walker rwienke085 2 2 0 0 urn:com:businessweek:bx:article:3438912580635741909-f79dc4a5b81c69897535f45060d849fa 2009-10-30T10:30:02.674-04:00

The next draft of the homebuyer tax credit includes a provision for current homeowners...

The next draft of the homebuyer tax credit includes a provision for current homeowners... http://www.christianpf.com/6500-home-buyer-tax-credit-extended/ Bob Lotich blotich640 113 113 0 0 urn:com:businessweek:bx:article:1940117399697310471-7fc155039faca81ffc863a103df1b0be 2009-11-14T17:07:38.778-05:00

After a unbelievable first eight months of the year, real estate sales in Southwest Florida were again strong in September. In fact, home sales for the year are up 120% in the Cape Coral-Ft. Myers and up 30% for Bonita Springs-Naples.

After a unbelievable first eight months of the year, real estate sales in Southwest Florida were again strong in September. In fact, home sales for the year are up 120% in the Cape Coral-Ft. Myers and up 30% for Bonita Springs-Naples. http://www.findsouthwestfloridahomes.com/blog/florida-real-estate-sales-strong-again-in-september/ Benjamin Dona bdona047 12 11 0 1 urn:com:businessweek:bx:article:8267551214575515699-2f7716985cceb483677ebcb87dee356e 2008-12-12T17:12:14.011-05:00

Everyone is worried about the real estate market, whether it's because they want to sell, buy, or want a sense of whether their homes will regain value.

Everyone is worried about the real estate market, whether it's because they want to sell, buy, or want a sense of whether their homes will regain value. http://www.businessweek.com/magazine/content/08_51/b4113069380170.htm?chan=magazine+channel_personal+business Lauren Young lyoung404 1,514 1,507 7 0 urn:com:businessweek:bx:article:17001071962035695824-afc855a4c8de3365ed9e6bcec84f9686 2009-11-17T04:29:55.315-05:00

Just after we released a report saying 30 year fixed mortgage interest rates today are moving toward 4.625%, they did just that. Current interest rates are improved from this morning as mortgage lenders have began adjusting their rate sheets to...

Just after we released a report saying 30 year fixed mortgage interest rates today are moving toward 4.625%, they did just that. Current interest rates are improved from this morning as mortgage lenders have began adjusting their rate sheets to... http://www.freerateupdate.com/mortgage-rates/breaking-mortgage-interest-rates-30-year-fixed-rate-4-625-mortgage-interest-rates-down-1465 FreeRate Update.com eferrara326 5 5 0 0