Stimulus can't slow foreclosures for Black Americans
Fri, 03/05/2010 - 13:18
Where's the help for Black homeowners? ...
Obama To Announce $1.5 Billion In Housing Help For Unemployed
Fri, 02/19/2010 - 09:12
According to CNNMoney, President Obama is expected to announce on Friday a $1.5 billion program to help borrowers in the five states hit hardest by the housing crisis. The initiative calls for pumping money into state housing agencies in California, Arizona, Nevada, Florida and Michigan to fund programs to prevent foreclosure for people who are unemployed or ...
Black communities still plagued by lost homes and jobs
Mon, 02/08/2010 - 08:49
Numbers confirm what we already knew about the impact of a bad economy. ...
The tenants got it right, StuyTown owner slips underwater
01/26/2010
by alyssa g
Tishman Speyer relinquished control of the 11,200-unit Stuyvesant Town and Peter Cooper Villager to its lenders after defaulting on its January loan payment. The move is not surprising, just hugely symbolic after the superlative headlines the $5.4 billion deal made in 2006. Now the property is assessed at $1.9 billion.
The difference between Tishman and the 2.8 million foreclosures last year is that the company is unlikely to suffer anything more than embarrassment. It still holds a $33.5 billion portfolio of 72 million square feet of property in the United States, Europe, Asia and Latin America.
December Existing Home Sales Dropped
Mon, 01/25/2010 - 08:43
Across the nation, sales of existing homes fell by 16.7% to a 5.45 million annual rate, according to the National Association of Realtors, worse that what analysts were expecting.
The Wall Street Journal reports that the new data shows inventories shrank, and prices rose compared to 2008 for the first time in more than two years. ...
U.S. Foreclosure Actions Shatter All Records In 2009
Thu, 01/14/2010 - 09:50
According to Reuters, U.S. foreclosure actions shattered all records in 2009 and will do so again this year, with unemployment and wage cuts overcoming programs to remedy failing home loans, RealtyTrac said on Thursday.
A record 2.8 million prope ...
Are we running in place? The middle class squeeze
Mon, 01/11/2010 - 01:00
Working Americans lost ground in the last decade. ...
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Home Mortgage Help
Mon, 01/11/2010 - 01:00
What's wrong with the federal program and how to fix it. ...
Mon, 01/11/2010 - 01:00
What's wrong with the federal program and how to fix it. ...
Home Values Continued Falling Through 2009
Wed, 12/09/2009 - 09:00
In 2009, the value of American homes dropped by $500 billion, CNN reports.
The losses are an improvement over 2008, when homeowners lost $3.6 billion in value, according to the real estate site Zillow.com. For the second half of this year, the home real estate market stabilized due to low interest rates and the federal homebuyers tax credit.
The signs of price stabilization could mean fewer forec ...
Foreclosure Rescue Falls Short
Mon, 12/07/2009 - 08:54
One quarter of participants in a federal program to stave off foreclosures are still struggling to make payments. ...
