AP - The homebuilding industry’s nosedive won’t let up. Sales of new homes plunged to the slowest pace on record last month and builders posted their worst annual sales results in more than two decades.
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Reuters - Sales of newly built single-family homes fell 14.7 percent in December, the largest monthly decline since 1994, data showed on Thursday, indicating the housing market’s downward spiral was far from reaching a bottom.
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AFP - US new home sales slid 14.7 percent in December to the lowest monthly level on record, capping a year that showed a 37.8 percent drop, the government said Thursday.
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AP - Pennsylvania has joined a settlement with Countrywide Financial Corp. that makes available as much as $155 million to help keep thousands of state residents in their homes.
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AP - Home foreclosures and market volatility are running high. So any investment even remotely connected to mortgages is the last place to look if you’re trying to protect your retirement savings, right?
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AP - A bill to save homes from foreclosure by letting bankruptcy judges alter mortgage terms moved closer to a House vote on Tuesday. The lending industry has worked unsuccessfully to stop the bill.
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Reuters - The Federal Reserve on Tuesday took a step toward easing mortgage foreclosures threatening millions of Americans, announcing that it would write down troubled mortgages to keep people in their homes.
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Reuters - Home prices plunged a record 18.2 percent in November from a year earlier as the country’s housing market remains in the throes of a deep recession, according to an index from Standard & Poor’s.
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Reuters - The coast-to-coast fire sale in the U.S. housing market appears at long last to have caught a bit of a bid.
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AFP - US government-controlled mortgage finance giant Fannie Mae said late Monday it would ask the US Treasury for 11 to 16 billion dollars to prevent its collapse.
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