| Source: CNBC.com
Wall Street is worried that continued weakness in housing will crash the party for bank stocks, which have staged a surprising upturn following a better-than-expected start to earnings season.
| Source: Reuters
The best way to help the ailing U.S. housing market recover from the $1 trillion of losses it faces will be to cut the cost of mortgages via the U.S. housing bill and rescue package for mortgage finance giants, the manager of the world's biggest bond fund said
| Source: The Associated Press
Sales of existing homes fell a bigger-than-expected 2.6% in June to a 10-year low, as housing continued to be bruised by the worst slump in over two decades.
| Source: Reuters
The U.S. Senate is due to vote finally Saturday to approve a major housing market rescue bill, including federal financial assistance for Fannie Mae and Freddie Mac.
| Source: CNBC.com
With financials appearing to form a bottom and leading the market on a rally for more than a week, Wall Street will be watching closely to see whether the other shoe--the troubled housing market--is about to drop.
| Source: The Associated Press
Cash-strapped homebuyers and borrowers facing foreclosure will get some relief from a housing bill passed by the House on Wednesday but the bill won't solve the deep-rooted ills of the U.S. housing market.
| Source: The Associated Press
Rescue legislation sailed through the House Wednesday aimed at helping 400,000 homeowners avoid foreclosure and to prevent Fannie Mae and Freddie Mac from collapsing.
| Source: Reuters
Congress looks set to pass a housing rescue bill that will backstop Fannie Mae and Freddie Mac, create tougher oversight of the mortgage finance giants and spend billions to prevent home foreclosures.
Wednesday, 23 Jul 2008 | Source: Reuters
Shares of Fannie Mae and Freddie Mac surged after President Bush dropped opposition to a housing rescue bill, which would offer a lifeline to the mortgage giants.
Wednesday, 23 Jul 2008 | Source: Reuters
The highest 30-year mortgage rates in a year eroded demand for U.S. home loan applications last week, according to an industry trade group on Wednesday.
Wednesday, 23 Jul 2008 | Source: Reuters
Single mother Mary White worked as a sales clerk until the bank foreclosed on the home she rented. Tossed out on the street with her six boys, she lost her deposit and her job. Now she is revved up to vote in November.
Tuesday, 22 Jul 2008 | Source: Reuters
The financial crisis won't be over until U.S. house prices stop falling, many experts believe, which means it won't be over soon.
Tuesday, 22 Jul 2008 | Source: Reuters
U.S. home prices extended their slide in May with a 0.3 percent decline from the previous month, the Office of Federal Housing Enterprise Oversight said Tuesday.
Tuesday, 22 Jul 2008 | Source: Reuters
Construction and mining equipment company Caterpillar Inc said Tuesday quarterly earnings rose a greater-than-expected 34 percent as strong growth in emerging economies offset weakness in North America, Western Europe and Japan.
Monday, 21 Jul 2008 | Source: Reuters
An emergency rule to curb abusive short selling will likely be extended beyond 19 major financial firms as pressure mounts on the U.S. Securities and Exchange Commission to broaden the measure.
Posts |
TOPIC : Housing
Media reports painted a pessimistic picture of today’s release on existing home sales... Read More
While everyone busies themselves today parsing the existing homes data from the National Association of Realtors: sales down 2.6 percent in June, inventories spiking up again to an 11.1 month supply, and prices falling 6.1 percent, I need to focus on something that wasn’t in the table of this particular report... Read More
The next six months will be a buyer's market, Cramer says... Read More
23 Jul 2008
In a vote of no confidence in the housing market, President Bush this morning revoked his threat to veto the housing rescue bill, which is making its way to a vote on the House floor today... Read More
22 Jul 2008
First I have to apologize... Read More
VIDEO | TOPIC : Housing
Bill Gross, of PIMCO, shares his August investment outlook with CNBC's Erin Burnett.
Whether there is a housing recovery in sight, with Michael Menatian, Sanborn Mortgage Corp. and Nouriel Roubini, RGEMoni...
Insight on the morning's weak housing numbers and the effect on markets, with David Bianco, UBS, CNBC's Bill Seidman & D...
More Videos
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