Author Archives: Derek Kravitz
It’s been a long time since the market for new homes has looked this good. Rising rents and a healthier job market are inspiring more people to consider buying. Builders are responding to the demand by laying plans for more homes this year than at any other point in past 3½ years. Read More
The federal government is looking at how it could help a greater number of homeowners who owe more than their house is worth refinance at today’s historically low rates. Read More
Sour reports Thursday, June 23, on the number of people who sought unemployment benefits and buyers of new homes illustrate what Federal Reserve Chairman Ben Bernanke acknowledged Wednesday: Many factors weighing on the economy are proving to be more chronic than first imagined. Read More
Fewer people bought previously occupied homes in May, lowering sales to their weakest point of the year.
U.S. homebuilders are concerned that the struggling housing market won’t recover this year and some feel it may be getting worse. Read More
Home prices are falling in most major U.S. cities, and at least 10 major markets are at their lowest point since the housing bubble burst.
The Standard & Poor’s/Case-Shiller 20-city index shows price declines in 19 cities from January to February. Read More
Home prices are hitting new depths in most major U.S. cities and are expected to fall further over the next six months. In a majority of metro areas tracked by Standard & Poor’s/Case-Shiller, prices have fallen to their lowest points since the housing bubble burst.
High unemployment, stricter lending rules and fears that prices will continue to fall are among the reasons why few people are buying homes. A rising number of foreclosures are also weighing down prices. And as more people get stuck in depreciating homes, housing could slow the economy. Read More