SHANGHAI/ BEIJING, March 30- Chinese regulators eased lending and tax policies on real estate on Monday, as Beijing seeks to stop a slide in property prices that has put economic recovery at risk. The People's Bank of China, in a statement on its website, urged financial institutions to support home purchases using a combination of commercial lending and a housing...» Read More
If the mortgage interest deduction is eliminated due to the fiscal cliff quagmire it could stall the housing recovery.
Home builders now have a new nightmare. During the housing crash, two million construction workers left the field, many of them never to return.
It's all trending up next year.
One in three Americans would reportedly consider applying to the discount mega-chain for a mortgage.
Some fear the rapid increase in home prices could actually start hurting the housing recovery.
Buyers are coming back to the housing market in ever greater numbers, as an industry index measuring contracts to purchase existing homes surged 5.2 percent in October from September.
Fears of the fiscal cliff could be impacting potential buyers already. The new home sales monthly number from the U.S. Department of Commerce is based on signed contracts.
“Financing of first-time homebuyers with low down payments threatens to become a significant problem in the U.S. housing market,” says one housing expert.
A new report from adds some firm data to the debate over how to keep struggling homeowners from defaulting on their mortgages.
The headline number for housing starts was big, exceeding expectations and sending the home builder stocks on yet another tear.
Sales of existing homes are recovering slowly, but a drop in supplies of those homes is pushing confidence among the new home builders to a six year high.
The federal agency that some credit with saving the housing market during the worst of the recent crash, may now be in need of taxpayer help itself.
The average American is no longer financially distressed, according to one study. Now families are waiting for the national economy to do its part.
The Federal Housing Administration (FHA), in a report due out Friday, could disclose that its reserves for future mortgage-insurance claims dipped into negative territory for the first time in almost a quarter of a century.
Officials at Bank of America said they are half way to fulfilling their mandate of providing $7.6 billion worth of consumer relief.
The mortgage interest deduction is now at risk, due to negotiations over the so-called “fiscal cliff”.
The homebuilders are rising from the ashes, after overbuilding and a credit crash sent sales and construction to levels not seen economists began counting all those numbers; they are rising, but not necessarily thriving.
As more investors vie for fewer foreclosed properties, prices are going up and great deals are getting scarce. See where the biggest foreclosure discounts are now.
The one thing standing in the way of a more robust housing recovery, is tight credit. Mortgage rates are at near-historic lows, but too many potential home buyers still cannot access these rates due to damaged credit.
Check out this mashup of some of Suze Orman's best advice and make sure to watch The Susan Orman Show series finale on Saturday, March 28 9p ET.
In the series finale, Oprah Winfrey tells Suze she knew from the very first time she was on her show, that Suze was destined to do something special.
Suze Orman offers a behind the scenes look at her show.