All Posts Tagged With: "Home Loans"
The Stock Market Sectors You Should Sell Out of Right Now
Why inflation is bad news for the high street. You’d expect the slump in the housing market to take its toll on the high street. And indeed it has.
Sharpest Drop in US House Prices in 17 Years
A US government home-price index has posted the sharpest decline in its 17-year history – and analysts say things won’t get better until at least 2009.
Home prices fell 3.1% in the first quarter compared with last year, according to The Office of Federal Housing Enterprise Oversight. This from AP:
Declines in the government index, which focuses on less expensive properties and includes fewer houses bought with risky home loans that have gone sour over the past year, show the depth of the housing market’s troubles.
Housing Crisis: 500 Foreclosures a Day in California
The number of foreclosures in California have sky-rocketed.
According a report in the LA Times, the number of foreclosures in the state in the first quarter this year is up a staggering 327% from year-ago levels — an average of 500 foreclosures a day.
Ominously, the paper quotes research from DataQuick warning that the widening foreclosure problem could “spread beyond the current categories of dicey mortgages, and into mainstream home loans.”
Latest News
- Goerge Soros: Financial Crisis Is the ‘End of an Era’1:48pm CDT
- Government Rescues Will Trigger a Bull Market in Gold11:22am CDT
- Natural Gas and Water Are the Investments of the Future2:41pm CDT
- J. Cristoph Amberger Says Buy Ford, Alon, GE, GM and GM Now11:00am CDT
- Get Ready for a Big Bear Market Bounce10:31am CDT
- Italy Shores Up Banking Sector as Recession Looms10:14am CDT
- Markets Plunge on Costly Credit, Paulson to Buy Bank Shares, IMF Warns of Global Recession10:09am CDT
- Why the Dow’s 40% Nosedive May Turn Into a Safe Landing10:01am CDT
- IBM Bucks Earnings Trend as Tech-Sector Stocks Trade Down to Bargain Levels9:55am CDT
- Andrew Snyder Says Potash Corp (POT) Still Has Further to Fall9:27am CDT
- Global Investing Roundups Friday, October 10th, 20089:14am CDT
- Early Indicators: Dow 5,000?8:18am CDT
- Chuck Butler: A New Trading Theme5:31pm CDT
- Damage Limitation in a Systemic Financial Meltdown3:55pm CDT
- Dow Plunges Below 9,000 Points3:39pm CDT
- Resource Stock Roundup Thursday, October 9, 20081:19pm CDT
- This Could Be Your Last Chance to Buy Gold Below $1,0001:16pm CDT
- Base Metals Savaged Again, but Aluminum Hanging In1:07pm CDT
- Sharp Drop in Gasoline Usage notes EIA, Crude Can’t Hang Onto $901:03pm CDT