Tag Archives: home price index

The More The Government Intervenes, The Worse The Housing Market Gets

The housing boom and bust was caused by government policies such as local land-use policies which reduced developable land, policies to lower standards for mortgage lending, forcing lenders to lend to risky borrowers who happened to be poor and/or minorities, … Continue reading

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Can The Housing Market Stand On Its Own Two Feet?

The federal government has intervened massively to hold up real estate prices and reduce foreclosures. The result? Home prices and foreclosures have held steady for the past three months. Now the FHA is tightening lending standards. Interest rates are edging … Continue reading

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American Home Prices Nowhere Near Bottom

From the New York Times: “When incomes fall, demand for housing falls.” Despite the government’s move to bolster the banking industry, home loan rates rose again on Tuesday, reflecting concern that the Treasury will borrow heavily to finance the rescue. … Continue reading

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Refinance Boom

From the AP: A mini-refinance boom started last Thursday but ended early Monday, said Pava Leyrer, president of Heritage National Mortgage in Michigan. The average rate on a 30-year, fixed rate mortgage was 6.14 percent on Wednesday, up from 6.02 … Continue reading

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Refinance Boom Bust

Report: NEW YORK – Homeowners rushed to take advantage of last week’s drop in interest rates after the government’s takeover of lending giants Fannie Mae and Freddie Mac, but rates are rising again on investor fears about eroding conditions in … Continue reading

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Refinance Applications Up

NEW YORK (AP) — Homeowners rushed to take advantage of last week’s drop in interest rates following the government’s takeover of Fannie Mae and Freddie Mac, but rates are rising again on investor fears about the eroding conditions in financial … Continue reading

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The Dear Seller Letter

Ron Lieber writes: The letters dripped with compliments for the property and ended with a plea for mercy (and a signed contract). Then, I crafted a reply that confident sellers could fire back. No seller would be happy to get … Continue reading

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Home Prices Plunge

From Reuters: Prices of single-family homes declined a record 14.1 percent in the first quarter from a year earlier, marking a pace five times faster than the last housing recession, according to the Standard & Poor’s/Case Shiller national home price … Continue reading

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U.S. Home Prices Fall 3%

May 22 (Bloomberg) — U.S. house prices sank 3.1 percent in the first quarter from a year earlier, according to a government report, as buyers waited for values to stop falling. The number of mortgage originations is expected to drop … Continue reading

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American Economic Confidence Limp

Will the tax rebate and a coming mortgage bail-out be the viagra the economy needs? Or will lower interest rates help businesses stand tall? Consumer confidence is way down notes this New York Times article. Foreclosures are way up. Economic … Continue reading

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