Posts tagged as:

housing crisis

Housing recovery is “in a precarious state,” says Robert Shiller

by Moe Bedard

A sharp drop in pending home sales for January is the latest in a string of reports calling into question the nascent rebound in housing.
The housing recovery is “in a precarious state,” says Robert Shiller, Yale professor, author and co-creator of the S&P Case-Shiller Index, taking a much more pessimistic view vs. his comments here [...]

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Fear Taking Over as Government Housing Aid Winds Down

by Moe Bedard

ELKHART, Ind. — Over the next six months, the federal government plans to wind down many of its emergency programs for housing. Then it will become clear if the market can function on its own.

People here are pretty sure the answer will be no.

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2010 Housing Crisis Will Be Even Uglier

by Moe Bedard

The housing report card is ugly. In the past two years, the housing market has lost an estimated $4.9 trillion dollars, as 59 million homes have declined in value.

Nearly 1 in 4 homeowners — 10.7 million households nationwide — are underwater on their mortgages. They owe more than their home is now worth.

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Housing Crisis Far From Over

by Moe Bedard

“The housing crash is not over,” Zandi said.
The meltdown of the U.S. housing market is not over yet, and home prices will soon start trekking downward again as a flood of foreclosures looms, a well-known economist said on Wednesday.
Mark Zandi, chief economist at Moody’s Economy.com in West Chester, Pennsylvania, said in an interview with Reuters [...]

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Finding a Fix for Housing

by Moe Bedard

Discussing what the obama administration can do to fix the housing crisis, with Gerald O’Driscoll, of the Cato Institute; Jonathan Cowan, of Third Way; and CNBC’s Diana Olick.

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Foreclosure Prize Fighters: Obama vs. Mccain

by Moe Bedard

Obama wants the government to step in to help homeowners facing foreclosure. McCain has gradually broadened his position to support government intervention, but wants stricter requirements for borrowers seeking aid.

Obama’s plan to fight foreclosures:
 

Give homeowners the chance to have their loan modified, provided they meet certain criteria.

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The Answers to Our Country’s Housing Crisis

by Moe Bedard

This going back and forth is getting old. Everyone and their mother has views about what went wrong with lenders, the mortgage market and the current housing crisis. Yes, I am guilty too. I have been playing in the mud with fellow bloggers and journalists. My mind has been cancer exposed to radiation from all of the toxic news [...]

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