Housing Market News

June 30, 2009

John Myres of KQED on California's Budget Crisis – Nightly Business Report

Filed under: News Items — Tags: — admin @ 9:19 pm
John Myres of KQED on California's Budget Crisis
Nightly Business Report
Is the housing market stabilizing? Are those unemployment numbers improving? MYERS: Well, most economists that you talk to in California say that at best,

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Short Sales Can Bring Long Problems – Nightly Business Report

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Short Sales Can Bring Long Problems
Nightly Business Report
SUSIE GHARIB: Another glimmer of improvement in the US housing market. Home prices fell in April but the rate of decline is slowing according to the

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Business in brief: Missouri victims fund pays $2.4 million – Kansas City Star

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Business in brief: Missouri victims fund pays $2.4 million
Kansas City Star
Analysts took that as a further sign that the housing market could be bottoming. Kansas City is not in the index, but figures from the area Realtors'

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Bertie delusional about downturn – Irish Independent

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Bertie delusional about downturn
Irish Independent
Not the global financial crisis, Mr Ahern — it was developer debts and overvalued housing market that brought down the Irish banks.

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Fed's Yellen Says Economy May Be Poised for Recovery – Bloomberg

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Fed's Yellen Says Economy May Be Poised for Recovery
Bloomberg
Rising mortgage rates may ?place a drag on a still very sick housing market,? while increasing oil prices may hurt the recovery, Yellen said in her speech.

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Investors coming back to housing market – San Bernardino Sun

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Investors coming back to housing market
San Bernardino Sun
That experience is more common these days, as investors begin stepping back into a market they've been away from while they waited for the housing market

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Local companies go in – WTHI

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WTHI
Local companies go in
WTHI
"Some of the companies such as certainteed and Boral brick are suffering because of the economy and the housing market and those are factors that are being

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Hub home prices stronger than most cities' – Boston Herald

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Hub home prices stronger than most cities'
Boston Herald
?We are entering the seasonally strong period in the housing market, so it will take some time to determine if a recovery is really here,? he said.

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Condo owners say values are too high – Idaho Mountain Express and Guide

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Idaho Mountain Express and Guide
Condo owners say values are too high
Idaho Mountain Express and Guide
They feel they may not see a real reflection of the current state of the housing market until next year's rounds of property tax assessments,

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Home price drop slowing – Brandon News and Tribune

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Home price drop slowing
Brandon News and Tribune
"We are entering the seasonally strong period in the housing market, so it will take some time to determine if a recovery is really there.

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Dollar steady after rise on cooler view of economy – Reuters

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Reuters
Dollar steady after rise on cooler view of economy
Reuters
A separate report on April US housing prices offered some encouraging signs that the worst for the housing market may be over, although it was not enough to

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Small businesses vital to economic recovery go bankrupt – USA Today

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Small businesses vital to economic recovery go bankrupt
USA Today
Problems from the devastated housing market, overall recession and suffering major industries all funnel down to small businesses, especially those that

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Home Prices Fall 0.6% as Rate of Decline Slows – Wall Street Journal

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Home Prices Fall 0.6% as Rate of Decline Slows
Wall Street Journal
but rising unemployment and shaky consumer confidence are weighing on prospects for a recovery in the housing market and broader economy.

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After Call From Senator's Office, Small Hawaii Bank Got US Aid – Washington Post

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After Call From Senator's Office, Small Hawaii Bank Got US Aid
Washington Post
By last year, the bank was facing the consequences of California's collapsing housing market. In July , Central Pacific reported a quarterly loss of $146

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Fed's Yellen Says Economy May Be 'Poised to Turn the Corner' – Bloomberg

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Fed's Yellen Says Economy May Be 'Poised to Turn the Corner'
Bloomberg
Rising mortgage rates may ?place a drag on a still very sick housing market,? while increasing oil prices may hurt the recovery, Yellen said.

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Study: Kern will recover earlier – Bakersfield Californian

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Study: Kern will recover earlier
Bakersfield Californian
Other factors included personal income numbers, retail sales totals, housing market data, construction activity and demographic projections.

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Grede Foundries files for bankruptcy – Milwaukee Small Business Times

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Grede Foundries files for bankruptcy
Milwaukee Small Business Times
"Nobody knows how long this recession will last or when the housing market will improve, but this gives us a chance to enhance our already strong capital

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Tesco "could bid for Northern Rock" – Northern Echo

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UK First Quarter GDP Drops 2.4%, Most Since 1958; US GDP Fell 5.5% – HoweStreet.com

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UK First Quarter GDP Drops 2.4%, Most Since 1958; US GDP Fell 5.5%
HoweStreet.com
system mean the recovery is ?uncertain? and policy maker Kate Barker said the same day that Britain's housing market was ?still some way away from normal.

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Call to action: Immigration reform must start this summer – Los Angeles Daily News

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Call to action: Immigration reform must start this summer
Los Angeles Daily News
Meanwhile, the housing market softened, the economy faltered and much of the nation's wealth disappeared in a matter of weeks.

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