by Michael B. Sauter, Douglas A. McIntyre 24/7 WALL STREET Friday, August 12, 2011 The real estate market is already in the deepest depression in modern U.S. history. If you think it can’t get any worse, think again. In several cities, the real estate market is about to drop even more. Home values in many [...]

June 15, 2011|By Alana Semuels, Los Angeles Times UCLA forecasters have seen the future of California’s housing market, and it looks like this: more apartments near the coast, fewer McMansions in the desert. That prediction is based on several factors, including expectations that rising fuel prices will encourage people to live closer to jobs along [...]

Squeezed on both sides by stagnant wages and rising prices, consumers believe the chances of bringing home more money one year from now are at their lowest in 25 years, according to analysis of survey data by Goldman Sachs. Goldman’s economist Jan Hatzius looked at the University of Michigan and Thomson Reuters poll, which asks [...]

Published: Saturday, 4 Jun 2011 | 6:20 PM ET CNBC.COM The Obama administration wants to help more struggling Americans stay in their homes by reducing the amount they owe on their troubled mortgages, a top Treasury official said Saturday. “We are very definitely trying to facilitate more principal reductions,” said Timothy Massad, Treasury’s acting assistant [...]

Survey: Nearly 40% of renters have decided to never buy a home By Andrea V. Brambila, Wednesday, May 18, 2011.   Inman News™ Flickr image courtesy of crabchick. With home prices threatening to double-dip nationwide, most consumers don’t expect a housing recovery in the near term, according to a survey from property search and marketing site [...]

source: by Brett Arends     Monday, May 9, 2011 If you thought the housing crisis was bad, think again. It’s worse. New data just out from Zillow, the real-estate information company, show house prices are falling at their fastest rate since the Lehman collapse. Average home prices are down 8% from a year ago, 3% over [...]

Growing state and local spending cuts pose latest challenge to US economic recovery Michael Sandler and Jeannine Aversa, AP Business Writers, On Friday February 25, 2011, 7:09 pm EST  : YAHOO Participants wait in line at a Job Fair Thursday, Feb 24, 2011, sponsored by Best Jobs Magazine and the National Employment Council at Angels [...]

Economic pain up slightly in December because of higher foreclosures, AP stress map shows Mike Schneider and Martin Crutsinger, Associated Press, On Tuesday February 8, 2011, 6:20 am EST The nation’s economic stress inched up in December because higher foreclosures outweighed lower unemployment, according to The Associated Press’ monthly analysis. Bankruptcy levels remained largely unchanged [...]

By: Diana Olick CNBC Real Estate Reporter  usually find the quarterly homeowner vacancy and homeownership report from Census pretty lackluster, but the latest one released this morning was anything but. America’s home ownership rate, after holding steady for a while, took a pretty big plunge in Q4, from 66.9 percent to 66.5 percent. That’s down [...]