Mortgage News

The U.S. housing slump continued in April

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WASHINGTON – Signs are emerging that the U.S. housing market’s long slump is likely to continue through the summer, and may not recover for at least another year. The latest report, the.

U.S. home sales fell more than expected in March, pointing to continued weakness in the housing market despite declining mortgage rates and slowing house price gains. Despite a slight uptick in the sales of new homes, there is new evidence that the U.S. housing slump will not end anytime soon.

The U.S. housing market continued to soften in April, with the spring selling season so far proving a disappointment despite falling mortgage rates and a strong economy. Existing-home sales fell 0. The April reading of U.S. existing home sales missed expectations on Tuesday, adding another losing month to a long trend on a year-over-year basis.

The U.S. housing slump has hit New York City’s richest suburbs. Wealth and excellent credit have until now spared bedroom communities in New Jersey, Connecticut and New York’s Westchester County from declines in home prices. Now the tightening of credit in response to rising subprime defaults has disrupted the real estate food chain, bringing the [.]

United States housing prices experienced a major market correction after the housing bubble that peaked in early 2006.Prices of real estate then adjusted downwards in late 2006, causing a loss of market liquidity and subprime defaults. A real estate bubble is a type of economic bubble that occurs periodically in local, regional, national or global real estate markets.

Given the continuing downtrend in U.S.. Old Republic Posts Loss, Warns of Continued Slump into 2010.. as the industry came to terms with a housing market slump worse than many had.

The slump in housing has been a drag on the overall economy, pushing business growth down to a lackluster 1.3 percent in the first three months of this year, the weakest performance in four years.

WASHINGTON – A modest rebound in single-family home construction in April raised hopes Tuesday that the three-year slide in housing. become the largest U.S. homebuilder, said that while their.

IMF says housing slump critical. The International Monetary Fund (IMF) said Monday there’s no end in sight to the U.S. housing recession and warned that deteriorating credit.

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50% Of Millennials Are Moving Back Home With Their Parents After College One-half of young millennials who are enrolled in college or who intend to go to college plan to move back home after completion. And when moving back in with their parents, these young adults are.