| Home Prices Plunge 11% |
| butterflylister |
| 3/31/2008 |
| More bad news for the ailing housing market - home prices have plunged 10.7% in the last twelve months, according to the S&P Case/Shiller Home Price index. The survey measures twenty metro areas across the nation. Of the twenty metro areas,....(more) |
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| The Housing Crisis: Where the Presidential Candidates Stand |
| butterflylister |
| 3/28/2008 |
| The presidential race has taken on a heated debate over the intensifying mortgage crisis that continues to plague the housing industry and the overall health of the economy. The distinctive difference between presidential candidates McCain, Obama,....(more) |
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| Fed Drops Lending Rate to 3.25% |
| butterflylister |
| 3/17/2008 |
| In an extraordinary move, the Federal Reserve cut lending rates by a quarter percent late Sunday in an effort to contain panicked financial markets. The Fed took quick and decisive action to quell anxiety on world financial markets, as Asian stocks....(more) |
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| More Bad News for the Housing Market: Home Equity Falling Fast |
| butterflylister |
| 3/10/2008 |
| More bad news for the ailing housing industry: Home equity, or the percentage of a home's market value over any liens or mortgage-related debt, has been steadily decreasing. The Federal Reserve announced Thursday that Americans'....(more) |
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| January Foreclosures Soar Past December's Rates |
| butterflylister |
| 2/27/2008 |
| A substantial 233,001 homes were affected by foreclosures in January, 8% more than in December, according to RealtyTrac. And a staggering 45,327 homes were lost to bank repossessions.The soaring numbers were just another indication of the....(more) |
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| Mortgage Rate Update |
| butterflylister |
| 2/22/2008 |
| Current mortgage rates have seen an increasingly widened gap between long-term fixed rates and adjustable rates recently, according to Freddie Mac and CNNmoney.com. Nearly back to where they were at the beginning of the year, 30 year long-term fixed rate....(more) |
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| Is the Media Making the Mortgage Crisis Worse? |
| butterflylister |
| 2/13/2008 |
| The recent problems in the housing market, a.k.a the Mortgage Crisis, have been covered by every major and minor news outlet across the country. This highly sensationalized subject sees daily headlines like "Hidden Victims of the Mortgage....(more) |
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| Stimulus Plan Addresses Housing Problems |
| butterflylister |
| 2/8/2008 |
| The economic stimulus plan proposed by President Bush and Congress plans to specifically address the housing crisis. According to CNN.com, the stimulus plan aims to make obtaining a mortgage easier/cheaper in higher priced markets in order to....(more) |
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| Housing Unaffordable to the Average American |
| butterflylister |
| 2/4/2008 |
| Sadly, the American dream we all revere of is becoming evermore unobtainable to the average person. Even with record declines in average home prices, most middle and working class people still cannot afford to buy a home in today's market. For....(more) |
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| Feds Cut Interest Rates Again |
| butterflylister |
| 1/23/2008 |
| The Federal Reserve announced an emergency rate cut Tuesday to the elation of homeowners with expensive lines of credit. The new rate, 3.5, is down from 4.25 and is expected to be cut yet again within the next few weeks. Most major banks cut....(more) |
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