Monthly Archives: July 2010

“The percentage of home equity loans on which consumers were at least one payment late declined to 4.12% in the first quarter from 4.32% the previous quarter. Not since the first quarter of 2008, when the rate fell to 2.34% … Continue reading →

“It’s time for the housing market to stand on its own two feet,” says Lucien Salvant, a spokesman for the National Association of Realtors. The tax credit, which was expanded and extended multiple times since the program began in 2008, “did … Continue reading →

On the downside, construction jobs decreased 35,000 and that signals an even deeper problem. Part of the $787 billion stimulus was a program offering an $8,000 tax credit to new home buyers. The program ended April 30 and new home sales … Continue reading →

May Pending Home Sales fell a sharp 30% m/o/m, twice expectations and of course without the influence of a home buying tax credit. The drop follows three straight months of gains and the decline was broad based. On a y/o/y … Continue reading →

When in the Course of human events it becomes necessary for one people to dissolve the political bands which have connected them with another and to assume among the powers of the earth, the separate and equal station to which … Continue reading →

U.S. pending home sales, home construction, and mortgage applications all declined significantly in May, according to newly released statistics. While the drop was expected due to an expiring federal tax-credit for home buyers, it fell at twice the expected rate … Continue reading →