FT.com - US stocks finished a tumultuous year lower on Monday, amid thin volume, as investors digested fresh data on the housing market. Read More…
Sales of previously owned homes nudged up in November, but that didn’t improve the broader picture of a feeble housing market. Read More…
Reuters - Home builders and financial issues, nthe biggest casualties of the subprime lending meltdown, were nhit again by tax-motivated selling in recent weeks but could nrebound a bit early in the new year, money managers said on nMonday. Read More…
Reuters - The pace of existing U.S. home sales nedged up in November from a record low, according to a report non Monday that offered some tentative signs of stabilization in nthe still-ailing housing market. Read More…
Mortgage insurers saw defaults rise to a new monthly record in November, according to data published Monday by an industry trade group. Read More…
AFP - Existing home sales in the United States inched up 0.4 percent in November, breaking an eight-month streak of declining sales amid a prolonged housing slump, industry figures showed Monday. Read More…
Reuters - Defaults on privately insured nmortgages rose 34.7 percent in November to the highest level on nrecord, reflecting the inability of a growing number of nhomeowners to keep current on their loan payments. Read More…
Reuters - Single-family home builder M/I Homes nInc. said on Monday it has sold some Florida land to nreduce debt, and is exiting the West Palm Beach market in that nstate, sending shares up 3 percent in early trading. Read More…
Reuters - As more banks report write-downs tied nto the global credit crunch, analysts say Wachovia Corp nmay have losses lurking in an area that has garnered less ninvestor attention. Read More…
For five minutes on a Wednesday morning in mid-November, Michael Thiede of Macomb Township was the poster child for the slow real estate market. Read More…