| Housing Bill Passes Through Senate and Heads to President Bush's Desk |
| butterflylister |
| 7/28/2008 |
| After many months of deliberations, the Senate finally passed a housing bill in a special Saturday session of Congress to come to the aid of the widely troubled real estate market and struggling government-backed mortgage companies, which have been....(more) |
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| Resilient Real Estate Markets Despite the Housing Slump |
| butterflylister |
| 7/9/2008 |
| In real estate, the questions on everyone's minds these days are: when is the market going to bottom out and when is the perfect time to buy? In cities like Charlotte, Seattle, Atlanta, Houston, and Dallas, the bottom of the market has already hit....(more) |
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| Market Update: Housing Prices Down in First Quarter |
| butterflylister |
| 7/7/2008 |
| According to data released by the National Association of Realtors, single family home prices dropped 7.7% in the first quarter of 2008. The data reflects the biggest year-over-year decline in home prices since the N.A.R. first began compiling home....(more) |
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| Existing Home Sales Increase in May |
| butterflylister |
| 6/27/2008 |
| The news of dropping home prices is finally having a positive affect on the market, as existing home sales rise for the month of May 2008. According data collected by the National Association of Realtors (NAR), the number of existing homes sold during....(more) |
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| California Files Suit Against Countrywide for Deceptive Home Loans |
| butterflylister |
| 6/25/2008 |
| According the Associated Press, the California attorney general's office has filed a lawsuit against Countrywide Financial Corporation today, citing that the corporation's misleading advertisements fooled homebuyers into obtaining risky loans,....(more) |
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| Subprime Mess: Buying too Much too Fast |
| butterflylister |
| 6/4/2008 |
| Most people commonly assert that the fallout of the housing and mortgage crisis only involves borrowers with shady credit who couldn't really afford a home in the first place. In reality, while this is true, there are plenty of other people....(more) |
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| Future Housing Prices: Expect Declines Until at Least 2009 |
| butterflylister |
| 5/14/2008 |
| The imploding housing market and the subsequent decline of housing prices is nowhere near over. The fallout of the bursting housing bubble could last until the end of 2009, or as long as 2010+, according to many top real-estate resources. According....(more) |
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| Housing Bill Extended to Help Gulf Coast and Rust Belt |
| butterflylister |
| 4/11/2008 |
| The proposed housing bill got a new addition on Friday during a Senate meeting, as two amendments to help the ailing Gulf Coast and Rust Belt regions were approved.The first amendment would allow businesses in the Rust Belt region that have lost money to....(more) |
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| Foreclosure Prevention Plan Gives Homebuilders Big Boost |
| butterflylister |
| 4/4/2008 |
| The Senate will be debating the $15 billion Foreclosure Prevention Plan on Thursday, which calls for more than 40% of the bill to fund tax breaks to help troubled homebuilders. According to Salon.com, $6 billion will go to emergency tax breaks for....(more) |
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| HUD Secretary Quits Amid Pressure |
| butterflylister |
| 4/2/2008 |
| Secretary of Housing and Urban Development Alphonso Jackson announced his resignation on Monday amid the growing housing crisis, a criminal investigation, and intense Democratic criticisms. The Bush administration's top housing official says he will....(more) |
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