Housing Crisis
  • Homes Sales Rise – But 5-Year Outlook Is Dim

    By Jennifer Depaul, The Fiscal Times

    Existing home sales are up in August, but it’s unlikely to be sustained due to declines in equity prices and consumer confidence. On top of that. the five year outlook on home prices is dim.

  • IMF Raises New Alarm on Global Financial Risks

    By CHRISTOPHER S. RUGABER, The Associated Press

    The International Monetary Fund says the global financial system faces more challenges than at any point since the 2008 financial crisis. Europe’s debt crisis is spreading to its banks, which hold...

  • In the US, Two Housing Markets and Two Directions

    By MICHELLE CONLIN

    In America, it's starting to feel as if there are two housing markets. One for the rich and one for everyone else. Consider foreclosure-ravaged Detroit. In the historic Green Acres district, a haven...

  • August Home Building Fell 5 pct., Slide Continues

    By DEREK KRAVITZ

    WASHINGTON (AP) — Builders broke ground on fewer homes in August, a reminder that the housing market remains depressed. The Commerce Department said Tuesday that builders began work on a seasonally...

  • Home Builder Outlook Worsens in September

    By DEREK KRAVITZ

    WASHINGTON (AP) — The U.S. homebuilders' outlook worsened in September, as foreclosures and anxious buyers hurt construction and sales activity. The National Association of Home Builders said Monday...