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Ten cities managing to weather the recession

Despite the impact of the recession on the Golden State, Los Angeles appears to be weathering the storm.Jobs in Washington D.C. are growing quickly, and in 2008 the city produced more in goods and services than almost anywhere in the country.





Washington DC - Weather - Recession - United States - Washington

NYT: Plan to pay homeowners to sell at loss

A home is offered for sale in Elgin, Ill., in May 2009. That area was hit hard by foreclosures and short sales.NYT: The Obama administration has been trying to keep defaulting owners in their homes. Now it will take a new approach: paying some of them to leave.





Presidency of Barack Obama - New York Times - President - United States - Barack Obama

Pending home sales tumble amid winter woes
The number of buyers who agreed to purchase a home fell sharply in January, a sign that demand for housing is sinking this winter as stormy weather slammed Eastern states.


Business - Construction and Maintenance - Residential Housing - Real estate - Thomson Reuters

Mortgage rates fall below the 5 percent mark

Mortgages rates have dipped below 5 percent again, four weeks before a government program that is helping keep rates low is scheduled to run out.

Forbes: Where you can get ahead quickly

Fort Bend County, an upscale suburb west of downtown Houston, saw incomes grow 10 percent between 2007 and 2008. The county has also added 5,913 new jobs since the second quarter of 2007. Professional success often requires some degree of sacrifice. Surprisingly, one of those sacrifices might include moving to the outskirts of some big cities.





Forbes - Business - United States - Business and Economy - Business Services

Government extends refinance program a year
The government is giving homeowners another year to refinance their loans under a little-used program designed to help borrowers whose homes have plummeted in value.


Loan - Refinancing - Government - Mortgage - United States

Construction spending falls to 2003 levels
Construction spending fell for a third straight month, pulled down by a slump in private nonresidential spending and weak public construction, a government report showed.


Public school - Business - Construction and Maintenance - Consulting - Economic

Homebuyer credit not jolting housing market
It sounded like a great idea three months ago: Hand homeowners a $6,500 tax credit to find a new place to live, giving a thrust of energy to the housing market's recovery.


Real estate economics - Real estate - Business - Residential - Financial Services

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Existing-home sales tumble 7.2 percent

A "Sold in 2 Days" sign is seen at a home for sale in Concord, N.H. Sales of previously occupied homes tumbled for the second straight month in January.Sales of previously occupied homes took a large drop for the second straight month in January. It was another sign the housing market's recovery is faltering.





U.S. Housing Market - Business - Real estate - Residential - Marketing and Advertising

Fannie Mae seeks $15.3 billion more in aid
Fannie Mae needs another $15 billion in federal assistance, bringing its total to more than $75 billion. And worse, the mortgage finance company warned its losses will continue this year.


Fannie Mae - Freddie Mac - Business - Thailand - Provinces

Slide show: Slideshow: Mystery of a reclusive heiress

Why are the mansions of one of America’s richest women sitting vacant? Click to follow this photo narrative of the reclusive Huguette Clark and her father, William Andrews Clark, the "Paris millionaire senator." Where is Huguette Clark? And what will become of her fortune?Why are the mansions of one of America’s richest women sitting vacant? Click to follow this photo narrative of the reclusive Huguette Clark and her father, William Andrews Clark, the "Paris millionaire senator." Where is Huguette Clark? And what will become of her fortune?





United States - Wealth - Narrative - Government - Politics

Pittsburgh tops list of best housing markets

Louisville, Kentucky’s, low foreclosure rate — only 1.15 percent of homes are in foreclosure, half the national average — illuminates it as one of the cities least affected by the dramatic housing market collapse of the past three years. Families in the market for a house are shopping at the right time: Nationally, homes are near the most affordable they've been in 18 years.





Pittsburgh - House - Real estate - Business - Residential

Sales of new homes hit a record low in January
Sales of new homes plunged to a record low in January, underscoring the formidable challenges facing the housing industry as it tries to recover from the worst slump in decades.


Business - United States - Marketing and Advertising - Recreation - Picture Ratings

Home prices gain for seventh straight month
Home prices rose nationally for the seventh straight month in December as the U.S. housing market continues its bumpy road to recovery.


Real estate pricing - Real estate economics - United States - Real estate - Business

Obama considers changes to mortgage plan
The Obama administration is soon expected to unveil additional protections to ensure homeowners are treated fairly and consistently under its mortgage relief program.


Presidency of Barack Obama - Mortgage - United States - Business - Financial Services

Fewer people falling behind on home loans
The number of borrowers falling behind on their mortgage payments dropped sharply at the end of last year, a sign the foreclosure crisis is beginning to ebb.


Mortgage - Foreclosure - Loan - Business - Financial Services

Open House: Homes available in Vancouver
If watching the Games have inspired you to move, these Vancouver properties are up for sale.


Vancouver - Canada - House - Regional Districts - British Columbia

Obama unveils $1.5 billion in housing aid

Feb. 19: Speaking at a town hall in Henderson, Nevada, President Obama defends the recovery act and the jobs he says it has helped to create, and announces a $1.5 billion plan to help troubled homeowners. (NBC News)President Barack Obama used a campaign push for Senate Majority Leader Harry Reid to announce a new fund to support homeowners in five states hit hardest by the housing crisis.





Barack Obama - President of the United States - Economic - United States - Politics
 
 
 

All information provided is deemed reliable but is not guaranteed and should be independently verified.
Original contents copyright © 2009 Sean McKillion. All rights reserved.