Housing Market
HARP: A new way forward on housing in the United States?
October 31, 2011Karen Dynan/ The Brookings Institution/ Washington, DC -- Federal regulators announced a new plan [on Oct. 24, 2011] to help households whose homes are worth less their mortgage refinance into new mortgages with lower monthly payment. The changes should...
US homes sales surge due to a temporary tax credit for buyers
April 24, 2010Government incentives trigger highest monthly spike in 47 years The U.S. housing market is giving the world's largest economy a boost. The U.S. Commerce Department said Friday that sales of new homes rose 27 percent in March, the biggest monthly jump...
U.S. Economy: Stable Housing Seen as Key to Recovery
August 08, 2009By Mil Arcega Economists agree the worst recession in decades was the result of the housing crisis. Using that logic, many believe the end of the housing crisis could also signal the start of an economic recovery. With the housing market starting to...
Homebuilder Lennar lays off 35% of staff
September 26, 2007U.S. homebuilding giant Lennar Corp. said Tuesday it would cut its workforce by 35 percent, reflecting a steep downturn in the housing market. President and Chief Executive Officer Stuart Miller said the No. 2 U.S. homebuilder expected "continued...