US Home Prices Seen Falling 40% Overall
July 3, 2009
U.S. housing prices will fall by a double-digit percentage from already beaten-down levels, resulting in an overall 40 percent plunge by the time foreclosures peak in the second half of 2010, Barclays Capital economist Michelle Meyer said.
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Rebound In Housing Hampered By Slowdown in ‘Short Sales’
July 2, 2009
When Vasco and Mrjama Lukic’s American housing dream turned into a nightmare, they managed to escape through a long and complicated process known as a “short sale.” . . .
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Five Reasons Housing Market Still Hasn’t Recovered Yet
July 2, 2009
What happened to the housing recovery?
Despite hopes that the market would begin showing signs of life this spring, the latest housing data suggests otherwise. Instead, the sector remains stubbornly moribund—trapped in a spiral of declining prices, increasing mortgage rates, unemployment and several unforeseen factors . . .
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Watch Out! Banks Raise Fees to Try to Offset Losses
July 2, 2009
Banks Raise Fees to Try to Offset Losses
Even now, after all those bailouts, banks never seem to tire of dipping a little deeper into your wallet. Despite the tough economic times and increased scrutiny from Washington, they are keeping most fees at record highs, and are eking out slight increases on others like overdraft charges — a step they rarely took during past recessions. . .
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Obama widens mortgage refi program
July 1, 2009
With home prices still falling, administration opens up rescue program to homeowners whose loans are 125% of their home’s value.
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