| 29 July 2010
A daily dose of headlines for real estate agents, mortgage lenders and consumers.
| Intervention helped avert 2nd depression The New York Times: Economists argue without the Obama administration’s fiscal stimulus program, the nation’s GDP would be about 6.5% lower. | Is the real estate market turning around? Seeking Alpha: But here is probably the most significant statistic: home ownership rates have fallen to 66.9 from a high of 69.2% in 2004. |
| For housing outlook, look past tax credit to jobs Wall Street Journal: The future of home buying will rely less on real-estate fundamentals and more on how consumers view job prospects. | Home ownership falls to lowest level in 11 years CNN Money: Almost 86% of U.S. homes were occupied in the second quarter, with owner-occupied housing comprising 57.3% of all housing units. |
| Housing recovery about timing, location CNBC: Conditions are hardly uniform. Some cities, such as Washington, D.C. have better job markets, so they have suffered less or in some cases recovered more quickly. | Home prices increase in May Calculated Risk: Seasonal adjustment is probably being distorted by irregular factors. These distortions could include distressed sales and the various government programs. |
