tag:typepad.com,2003:weblog-41515 TypePad 40.765714-73.985607511650http://www.feedburner.com tag:typepad.com,2003:post-34624180 2007-05-29T05:54:48-04:00 2007-08-16T19:06:42-04:00 Primary Editor Dr. Rajeev Dhawan, director of the Economic Forecasting Center at Georgia State University: "The state's default rate on home loans, especially in the subprime market, is below the national average, [but] we've seen a steady rise in foreclosures The...<img src="http://feeds.feedburner.com/~r/newhomeblog/~4/120459810" height="1" width="1"/> http://new.homeblog.com/2007/05/georgia_economy.html tag:typepad.com,2003:post-34431324 2007-05-23T18:58:13-04:00 2007-08-16T19:06:43-04:00 Primary Editor As part of a New York state investigation into whether mortgage brokers pressure appraisers to inflate property values, First American Corp. (FAF) A borrower who gets a home loan based on an inflated appraisal and falls behind on payments would have...<img src="http://feeds.feedburner.com/~r/newhomeblog/~4/119129058" height="1" width="1"/> http://new.homeblog.com/2007/05/ny_probe_into_a.html tag:typepad.com,2003:post-34349332 2007-05-22T09:36:20-04:00 2007-08-16T19:06:44-04:00 Primary Editor Historically, condos have cost more, partly because they had looser rules, and partly because of their scarcity. Although both are changing, the price differential between condos and co-ops has remained roughly the same. Nor has the shift toward...<img src="http://feeds.feedburner.com/~r/newhomeblog/~4/118713344" height="1" width="1"/> http://new.homeblog.com/2007/05/manhattan_condo.html tag:typepad.com,2003:post-34346678 2007-05-22T08:30:33-04:00 2007-08-16T19:06:44-04:00 Primary Editor Bubbles have silver linings because the infrastructure built during bubbles the physical infrastructure and the cultural infrastructure doesn't get torn down after they pop All that new construction and renovation (fueled by home equity lines of...<img src="http://feeds.feedburner.com/~r/newhomeblog/~4/118698647" height="1" width="1"/> http://new.homeblog.com/2007/05/silver_lining_i.html tag:typepad.com,2003:post-34198430 2007-05-18T09:06:12-04:00 2007-08-16T19:06:44-04:00 Primary Editor Marin County's median for resale houses reached $1,010,000 last month, the first time any California county passed the million-dollar mark The median price paid for a Bay Area home increased last month to $659,000, a new peak. That was up 3.1% from...<img src="http://feeds.feedburner.com/~r/newhomeblog/~4/117705040" height="1" width="1"/> http://new.homeblog.com/2007/05/california_mari.html tag:typepad.com,2003:post-34122278 2007-05-16T11:05:30-04:00 2007-08-16T19:06:45-04:00 Primary Editor The Department of Commerce said Wednesday morning construction permits fell to a ten-year low of 1.429 million. The 8.9% drop was the most severe in 17 years, and was well below the seasonally adjusted rate of 1.51 million forecasted by economists....<img src="http://feeds.feedburner.com/~r/newhomeblog/~4/117170182" height="1" width="1"/> http://new.homeblog.com/2007/05/housing_permits.html tag:typepad.com,2003:post-34089162 2007-05-15T15:21:26-04:00 2007-08-16T19:06:45-04:00 Primary Editor Homeowners may well spend through the slump. With builders, lenders, and realtors slashing jobs, the housing bust is a serious drag on the economy. But there's a case to be made that despite the weakness in home prices, homeowners will keep spending...<img src="http://feeds.feedburner.com/~r/newhomeblog/~4/116939197" height="1" width="1"/> http://new.homeblog.com/2007/05/housings_roof_w.html tag:typepad.com,2003:post-34026672 2007-05-14T09:39:10-04:00 2007-08-16T19:06:46-04:00 Primary Editor An auction of nearly 100 foreclosed homes here Saturday showed that mortgage lenders are having to accept huge discounts in some cases to unload such properties.A surge of foreclosures over the past year or so has left lenders struggling to sell a...<img src="http://feeds.feedburner.com/~r/newhomeblog/~4/116577043" height="1" width="1"/> http://new.homeblog.com/2007/05/mortgage_woes_f.html tag:typepad.com,2003:post-33943494 2007-05-11T11:14:29-04:00 2007-08-16T19:06:46-04:00 Primary Editor While many Americans are worried that real estate prices have flattened and may even turn downward, some of the country's top commercial developers say there always is opportunity for those who manage their projects efficiently in a global market,...<img src="http://feeds.feedburner.com/~r/newhomeblog/~4/115912523" height="1" width="1"/> http://new.homeblog.com/2007/05/the_real_estate.html tag:typepad.com,2003:post-33935114 2007-05-11T08:01:36-04:00 2007-08-16T19:06:46-04:00 Primary Editor Housing construction was crackling before 2004 because of Congress' virtual elimination of the capital gains tax on primary residences in 1997. But the Fed-fed inflation fired up the housing boom to white-hot levels. Flush with cash, lenders lowered...<img src="http://feeds.feedburner.com/~r/newhomeblog/~4/115871709" height="1" width="1"/> http://new.homeblog.com/2007/05/steve_forbes_on.html tag:typepad.com,2003:post-33891332 2007-05-10T07:44:28-04:00 2007-08-16T19:06:47-04:00 Primary Editor MLS: The average price in Westport, Connecticut, fell 8.2% to $1.56 million in Jan.-April 2007, from Jan.-Apr. 2006.... In Chappaqua, New York properties sit on the market an average of seven months before they sell, up from five months a year ago...<img src="http://feeds.feedburner.com/~r/newhomeblog/~4/115589851" height="1" width="1"/> http://new.homeblog.com/2007/05/us_housing_slum.html tag:typepad.com,2003:post-33853736 2007-05-09T09:30:20-04:00 2007-08-16T19:06:48-04:00 Primary Editor We're in a real estate recession, said David Lereah, chief economist, National Association of Realtors, who surprised many this week when he announced he would leave the Chicago-based trade group in May. "I'm projecting the first [nationwide] price...<img src="http://feeds.feedburner.com/~r/newhomeblog/~4/115333823" height="1" width="1"/> http://new.homeblog.com/2007/05/realtors_housin.html tag:typepad.com,2003:post-33853482 2007-05-09T09:22:26-04:00 2007-08-16T19:06:48-04:00 Primary Editor Consumers boosted their borrowing in March showing resilience in the face of rising energy prices and a painful housing slump. The Federal Reserve's report, released Monday, showed consumer credit increased at a brisk annual rate of 6.7% in March Up...<img src="http://feeds.feedburner.com/~r/newhomeblog/~4/115331798" height="1" width="1"/> http://new.homeblog.com/2007/05/consumers_boost.html tag:typepad.com,2003:post-33841924 2007-05-09T01:27:29-04:00 2007-08-16T19:06:48-04:00 Primary Editor Last year as the housing market weakened, Lennar was among the first U.S. home builders to aggressively discount homes in order to move inventory; now the Miami-based company is placing another potentially trend-setting bet by testing eBay-style...<img src="http://feeds.feedburner.com/~r/newhomeblog/~4/115248905" height="1" width="1"/> http://new.homeblog.com/2007/05/lennar_tries_we.html tag:typepad.com,2003:post-33841886 2007-05-09T01:24:41-04:00 2007-08-16T19:06:49-04:00 Primary Editor The housing news isn't all grim. Even as prices sag nationwide, there are several cities in the country where home values are climbing smartly.Portland, Ore., Boise, Idaho, Seattle, Salt Lake City, Houston, Austin, and Charlotte and Raleigh, N.C.,...<img src="http://feeds.feedburner.com/~r/newhomeblog/~4/115247861" height="1" width="1"/> http://new.homeblog.com/2007/05/where_home_pric.html tag:typepad.com,2003:post-34351300 2007-05-08T05:47:04-04:00 2007-08-16T19:06:49-04:00 Primary Editor A San Francisco-based company is offering a new way to tap your home's equity that doesn't involve a loan. REX gives you money now in exchange for a percentage share of the future appreciation. The next big thing in loans isnt a loan at all.The REX...<img src="http://feeds.feedburner.com/~r/newhomeblog/~4/118724593" height="1" width="1"/> http://new.homeblog.com/2007/05/home_equity_to_.html tag:typepad.com,2003:post-33751466 2007-05-07T07:32:45-04:00 2007-08-16T19:06:50-04:00 Primary Editor Rising interest rates and dropping home prices have squeezed a market that had been propped up by risky loans and easy credit during the housing boom. As mortgage bills came due, foreclosures rose, and the easy credit dried up for families like the...<img src="http://feeds.feedburner.com/~r/newhomeblog/~4/114765084" height="1" width="1"/> http://new.homeblog.com/2007/05/tighter_mortgag.html tag:typepad.com,2003:post-33247014 2007-04-23T22:58:03-04:00 2007-08-16T19:06:50-04:00 Primary Editor Volatility is not something usually associated with bricks and mortar, observes Lex. But since late February when investors woke up to the problems in the US subprime mortgage market, Vix (a measure of implied stock market volatility) has risen from...<img src="http://feeds.feedburner.com/~r/newhomeblog/~4/111454829" height="1" width="1"/> http://new.homeblog.com/2007/04/vix_subprime_ps.html tag:typepad.com,2003:post-33183946 2007-04-22T09:07:29-04:00 2007-08-16T19:06:51-04:00 Primary Editor Everyone wants to know about housing and the economy. Is the sub-prime lending issue something that will extend to other mortgage classes? How much might home prices fall? Will the impacts lead to reduced consumer spending and an even greater...<img src="http://feeds.feedburner.com/~r/newhomeblog/~4/111033255" height="1" width="1"/> http://new.homeblog.com/2007/04/housing_decline.html tag:typepad.com,2003:post-14521427 2006-12-07T13:13:20-05:00 2007-08-16T19:06:51-04:00 Primary Editor The surge in mortgage delinquencies in the past few months is squeezing lenders and unsettling investors world-wide in the $10 trillion US mortgage market. The pain is most apparent in subprime mortgages…[but] there are signs it is spreading to...<img src="http://feeds.feedburner.com/~r/newhomeblog/~4/58226254"/> http://new.homeblog.com/2006/12/big_surge_in_us.html tag:typepad.com,2003:post-14516065 2006-12-07T08:28:53-05:00 2007-08-16T19:06:52-04:00 Primary Editor If you flip channels late at night, you probably see the infomercials that portray investing in foreclosed houses as a sure thing. But talk to people doing it, and they'll tell you that buying a foreclosed home to flip or rent out isn't an easy,...<img src="http://feeds.feedburner.com/~r/newhomeblog/~4/58128561"/> http://new.homeblog.com/2006/12/mp3_opportuniti.html tag:typepad.com,2003:post-14181140 2006-11-18T15:30:23-05:00 2007-08-16T19:06:53-04:00 Primary Editor The US housebuilding sector slowed dramatically last month as new home construction tumbled to a six-year low, according to figures released on Friday which contained troubling signs for the economy. The fall in permits for new homes suggests the...<img src="http://feeds.feedburner.com/~r/newhomeblog/~4/51095677"/> http://new.homeblog.com/2006/11/us_housebuildin.html tag:typepad.com,2003:post-14165009 2006-11-17T14:33:20-05:00 2007-08-16T19:06:53-04:00 Primary Editor Foreclosure data provider report: "Foreclosure numbers in the state are at record-breaking highs... From January 1 to September 30 the state posted 12,945 foreclosures. With three months left in 2006, foreclosure filings have already surpassed...<img src="http://feeds.feedburner.com/~r/newhomeblog/~4/50747148"/> http://new.homeblog.com/2006/11/grim_outlook_fo.html tag:typepad.com,2003:post-14164917 2006-11-17T14:27:47-05:00 2007-08-16T19:06:53-04:00 Primary Editor "The Washington area remains one of the most expensive places in the nation to buy a home. Over the past year, as the number of available homes for sale has climbed, prices have flattened or fallen. That has propelled some buyers toward homes that...<img src="http://feeds.feedburner.com/~r/newhomeblog/~4/50746530"/> http://new.homeblog.com/2006/11/once_locked_out.html tag:typepad.com,2003:post-14164433 2006-11-17T14:20:59-05:00 2007-08-16T19:06:54-04:00 Primary Editor "In a dramatic sign of southeast Michigan's lagging housing market, properties with opening bids as low as $30,000 will be offered in the largest-ever auction of its kind in Michigan. Neumann Homes, one of the nation's largest homebuilders, says...<img src="http://feeds.feedburner.com/~r/newhomeblog/~4/50745668"/> http://new.homeblog.com/2006/11/auction_to_unlo.html tag:typepad.com,2003:post-14142272 2006-11-16T12:17:59-05:00 2007-08-16T19:06:54-04:00 Primary Editor The JPMorgan U.S. Real Estate Fund is beating the Standard Poor's 500 Index for a seventh straight year because mergers and acquisitions in the property industry have reached a record. The takeovers of real estate investment trusts, including...<img src="http://feeds.feedburner.com/~r/newhomeblog/~4/50194806"/> http://new.homeblog.com/2006/11/jpmorgan_real_e.html tag:typepad.com,2003:post-14091736 2006-11-14T08:22:56-05:00 2007-08-16T19:06:55-04:00 Primary Editor The drop reversed increases that occurred in two of the last three weeks and left the 30-year loan at the level it was a year ago. "With mortgage rates down this week, we may see a spurt of refinancing by those who want to get out of ARMs that are...<img src="http://feeds.feedburner.com/~r/newhomeblog/~4/49160816"/> http://new.homeblog.com/2006/11/the_30year_fixe.html tag:typepad.com,2003:post-14091602 2006-11-14T08:13:14-05:00 2007-08-16T19:06:55-04:00 Primary Editor Overall home price gains should be modest in 2007 while sales will hold steady, David Lereah, the association's chief economist said in a statement from the NAR annual meeting in New Orleans. While some regions have seen a decline in home prices,...<img src="http://feeds.feedburner.com/~r/newhomeblog/~4/49159111"/> http://new.homeblog.com/2006/11/us_home_sales_s.html tag:typepad.com,2003:post-14072857 2006-11-13T11:13:02-05:00 2007-08-16T19:06:56-04:00 Primary Editor Home Sales Slid Again In October (The Capital, Nov. 12th) Annapolis, Maryland: "County home sales slid nearly 30 percent for a second consecutive month... But while high-end buyers are still scooping up million-dollar waterfront properties, homes...<img src="http://feeds.feedburner.com/~r/newhomeblog/~4/48784072"/> http://new.homeblog.com/2006/11/housing_bubble__3.html tag:typepad.com,2003:post-14030561 2006-11-10T12:11:31-05:00 2007-08-16T19:06:56-04:00 Primary Editor Hovnanian Sees Q4 Net Loss, $300 Million Charge (Reuters.com, Nov 7): "Hovnanian Enterprises Inc. (HOV) reported a net loss in the fourth quarter due to land related charges, and sees 2006 earnings excluding these charges at the lower end of its...<img src="http://feeds.feedburner.com/~r/newhomeblog/~4/47600197"/> http://new.homeblog.com/2006/11/housing_bubble__2.html