Homebuilder outlook dips despite tax credit
The National Association of Home Builders said Tuesday its housing market index fell by one point to 16 this month, reflecting concern that job losses will stifle demand for new homes.
National Association of Home Builders – Home Builders – Real estate economics – Business – United States
Report: Almost 1 in 4 borrowers underwater
Almost one in four homeowners owes more on their mortgage than their home is worth, a worrisome sign that the housing recovery could be threatened by a wave of defaults.
Real estate economics – U.S. Housing Market – Business – Tax credit – Real estate
Foreclosures stabilize in key states
“Even as Americans suffer rising unemployment, foreclosure rates in three states hit hardest by the housing bust — California, Arizona and Florida — stabilized in June, offering hope that the worst of the real estate crisis is over, according to The Associated Press’ monthly analysis of economic stress in more than 3,100 U.S. counties.”
