Even as the impact of the ongoing debacle slowly unfolds, it’s not too early to tote up a list of 10 far-reaching developments that have already happened. None bodes well for the U.S. housing market, banks or economy.
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Home prices in 20 major U.S. cities rose a better than expected 0.6% in July compared to June, according to the S&P/Case-Shiller Home Price survey. However, year-over-year gains slowed, suggesting a slowdown in the nation’s eco…
When it comes to real estate, the U.S. is hardly a homogeneous market. For instance, New York fell much less than Los Angeles did, and now both are rebounding. But the cities’ different local economics may yet put them on diver…
As the number of foreclosures continues to rise and more homeowners find themselves underwater, it’s hard to argue that housing values have ended their fall. But when will the market finally bottom out? It could take several mo…
It has been two years since Lehman Brothers went under, sparking the Great Recession. While the banks have done surprisingly well in past two years, the economy is still struggling to recover and millions remain out of work. He…