The National Association of home Builders sponsors an economic publication for the housing industry which publishes at HousingEconomics.com. In mid-July it released a study on Metropolitan Area House Prices and Affordability written by Elliot F. Eisenberg, Ph.D. One cannot deny that the study is self-serving, but the findings are at least a little revealing of some of the reasons that housing prices, particularly of new houses, continue to climb in a tough market. Read More Now

Alt-A Lender Crashes and Takes Stock Market With It
After two days in which trading was suspended on the basis of information about margin calls, shares in American home mortgage (AHM) were again put into active trading on Tuesday and immediately lost over 90 percent of their value. Stock in the company had been trading around $36 as recently as February but had fallen to. Read More Now

Are mortgage Applications Up or Are Applicants Hedging Their Bets?
Some interesting figures have been released by the mortgage Bankers Association which has announced that mortgage application activity increased 8.1 percent on a seasonally adjusted basis from the previous week and 7.7 percent when unadjusted. The activity is 18.0 percent higher than one year ago. Read More Now

home Prices Hold Their Own As Existing home Sales Fall
There was mixed news on the existing housing front in last month. The monthly survey by the National Association of Realtors (NAR) showed the sales of existing homes, including single-family houses, townhouses, condos, and co-ops declined 3.8 percent off of the pace in May to a seasonally adjusted annual rate of 5.75 million units. This is a decline of 11.4 percent from annualized June 2006 sales of 6.49 million units. “home buyers have been getting mixed signals about the housing market, which is causing some of them to hesitate,” Lawrence Yun, NAR senior economist, said. Two bright spots in the June report are… Read More Now

Young French head to Britain for work (Affiliate Program)
Young French head to Britain for workMSNBC - Young French head to Britain for work Salaries, opportunities outpace those available in home country LONDON - Young, dynamic, willing to work long hours? This is the typical French worker in home Solutions gets $10M contractBoston Globe - […]

mortgage Rates Virtually Unchanged From Previous Week
In perhaps the only good news in the mortgage and real estate worlds this week, both long and short term interest rates for the week ended July 19 barely budged from their positions a week earlier. With hedge funds that had heavily invested in residential mortgage-backed securities literally bleeding dry and subprime lenders announcing severely reduced earnings expectations, layoffs, or worse, more or less static interest rates had to be seen as good news. Read More Now

This entry was posted on Sunday, August 12th, 2007 at 8:43 pm and is filed under Mortgage News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.