News / Features

Concerns Mount for FHA’s Finances

What originally began as a mere economic analysis by a University of Pennsylvania professor has quickly developed into an all-out inquiry into the financial solvency of the Federal Housing Administration (FHA), one culminating in testimonies and audits that put

Owning Becomes More Affordable Than Renting in 12 Cities

The Wall Street Journal‘s third-quarter survey of housing-market conditions showed that home prices have fallen so far that the monthly cost of owning a home is at the most affordable it’s been in 15 years. Additionally, as rental rates

First-Time Homebuyers Skittish on Ideal Market

Only 65.1 percent of U.S. households own homes, which is the lowest amount since 1996. A big reason for that decline, according to a new piece by the Associated Press (AP), is the relative absence of first-time homebuyers, a longtime

Suburban Deterioration? Not So Fast

Suburbia has been taking a bit of flack, as of late. The New York Times, as highlighted by NewGeography, ran two op-eds this past weekend proclaiming the decline of suburban living. Urban theorist Chris Leinberger claiming that Americans were abandoning

A Knight’s Tale of Global Home Values

The Knight Frank Global House Price Index, a massive, wide-ranging collection of data that operates as a Case-Shiller-esque index for the global housing market, was just released by Knight Frank, and it offers some startling revelations on how housing

Foreclosure End Zones Reset — Again

Courtesy of a new report from Lender Process Services(LPS), the delinquency markets have yielded several batches of data this week, with some good, some bad, and some suggesting we still have a long way to go. The good news

Construction Builds Upon Past Gains in October

Construction spending, driven by renewed investment in housing, rose in October for the third straight month, exceeding analysts’ projections and increasing by 0.8 percent, according to a Business Week article by Alex Kowalski. Riding on low interest rates, a

HAR Releases List of Recommended Candidates

The Houston Association of Realtors (HAR) has released their list of recommended candidates for the Houston City Council Runoff Elections to take place on December

Negative Homeowner Equity Declines Slightly

CoreLogic released its third quarter negative equity report yesterday, and it revealed an interesting paradox in housing for 2011 – though prices resumed their downward trend in the third quarter, and investment remains sluggish, negative equity is still declining, albeit

The Arrival of the Hispanic Homebuyer

Hispanic households made up more than half 0f the U.S.’ new household units in the third quarter, a strong indicator that a powerful group of buyers has emerged in the wake of the housing downturn. According to Census Bureau

Pending Home Sales Leap 10.4 Percent in October

The Pending Home Sales Index, a prospective data set compiled monthly by the National Association of Realtors (NAR), increased by 10.4 percent in October, rising from 84.5 in September to 93.3 last month. In addition, the index posted a

Are Veterans the Ray of Light for Shadow Inventories?

Ideas abound on how GSEs and private banks should deal with their backlog of distressed and foreclosed homes, a collection of properties known as the shadow inventory. From fire sales with investors to rental conversions, a new idea seems

Tough Financing Continues to Hold Back Housing…or Does It?

Financing has been one of the main talking points since the housing downturn began in early 2007. Potential buyers, we are told by numerous outlets and trade groups, are unable to secure valid financing for homes because of stingy

Case-Shiller Reports 0.6 Percent Decrease for Dallas Home Prices

U.S. cities are reporting little change in prices in the latest Case-Shiller Home Price Indices, the monthly report by Standard & Poor’s (S&P) that is the leading measure of U.S. home prices. The newest report, which surveys home prices for the third

The PMI Group Files for Chapter 11 Bankruptcy

The PMI Group, one of the country’s largest mortgage insurers, filed Chapter 11 bankruptcy proceedings last week to an amount of $736 million in debts, according to a HousingWire pieceon the development. The bankruptcy filing is intended to preserve

New Home Sales Edge Upward in October

New-home sales rose slightly in October by 1.3 percent to a seasonally adjusted annual rate of 307,000, according to new data from the Commerce Department released this morning. The data, which represented a 4,000-unit increase from September, beat economists’

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