The kitchen is the heart of the home. That's why, in an increasingly competitive housing market, it's where homebuilders are turning up the heat.» Read More
The air started to come out the Fannie-Freddie-inspired rally as the market started to float back to Earth.
Stocks rallied, with the Dow up more than 300 points in the first few minutes of trading, as Wall Street cheered the bailout of Fannie Mae and Freddie Mac.
On the announcement of the Government takeover of Freddie Mac and Fannie Mae, the markets surged on the open. The S&P 500 initially jumped over 30 points, more than it has ever moved on an open.
While Fannie and Freddie are not trading pre-open (prevented by NYSE), the government rescue of Fannie and Freddie is having a very notable effect on financial and homebuilding stocks
If all real estate is local, it's also true that what's ailing the market can sometimes spread from one area to the next. That seems to be the case with home foreclosures and the role of two particular kinds of alternative mortgages, which have yet to achieve the villain status of the subprime market.
For the week and month ending Friday, August 29, 2008, the major U.S. Indices ended slightly lower for the week but up for the month. The markets had a volatile week, sinking first on housing price drops and an up-tick in oil prices, then rallying on better-than-expected GDP numbers, and finally falling to end the week on worse-than-expected personal income and spending data. The Dow hit a 200+ point rally on Thursday, its largest one day gain since 8/8. The NASDAQ led the indices to the downside this week, down nearly 2%. For the August close, the Dow, Nasdaq and S&P all finished up 1.5% or more, marking the best monthly gain since April for the Dow & S&P, and best month for the Nasdaq since May.
The Mad Money host puts an expiration date on this misery and offers 10 reasons why he’s sure the end is near.
David Sowerby says investors make the most money when they run against the herd. The chief market analyst of Loomis Sayles says people are gloomy right now -- and that's a buy signal.
New Home Sales rose by 2.4% last month while June numbers were revised downward. While there are many factors to consider, the results continue to be a real life lesson of basic economics and the rules of supply and demand. Looking at the long term trends, don't expect changes overnight.
So how do you report a 34 percent drop in revenue, a 35% drop in net contracts and a nearly 20% cancellation rate and still come out as the darling of the home building analysts? Welcome to today’s housing market.
Does oil's plunge from all-time highs signal the bull market in all things commodities is over?
Stocks finished lower Monday, as weakness in financials and energy stocks overpowered a sharp drop in oil price typical of what usually pushes the market higher.
Stocks were lackluster Monday despite a massive move downward for oil, as worries persisted over inflation and the nation's beaten-up housing and mortgage markets.
Stocks pulled off modest gains Friday as enthusiasm for some better-than-expected economic reports outshined a warning from S&P of a possible downgrade on Fannie Mae and Freddie Mac.
Following are the day’s biggest winners and losers. Find out why shares of AutoNation and RadioShack popped while Southwest Airlines and Pulte dropped.
David Sowerby's top stock pick is a homebuilder! The chief market analyst at Loomis Sayles cites "quality" -- and he also carefully selected a couple of tech companies...
To give investors an edge, CNBC asked the market experts for their best trades now.
On Squawk Box this morning, CEOs from various industries aired their insights on the economy, energy prices, real estate and politics.
Pulte Home, posted a smaller quarterly loss on Wednesday, but said buyer confidence remained shaky.
This week, with quarterly losses expected from Wachovia and Washington Mutual due to defaulting mortgages, the market will also get data on existing home sales and new home sales.