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Buyers & Sellers Articles Blog 6 real estate headlines: 8-23
Buyers & Sellers Articles Blog 6 real estate headlines: 8-23
| 23 August 2010
A daily dose of headlines for real estate agents, mortgage lenders and consumers.
| Washington looks tantalizing to New York restaurateurs Washington Post: The downturn has made the D.C. market appear even more appealing, as "generally anything inside the Beltway was still doing pretty well, while New York took a big hit." | Nearly 50 percent leave Obama mortgage aid plan Bloomberg: Nearly half of the 1.3 million homeowners who enrolled in the Obama administration's flagship mortgage-relief program have fallen out. |
| Housing slide in U.S. may drag economy into recession BusinessWeek: Home sales collapsed after a federal tax credit for buyers expired in April. Since then, the manufacturing-led expansion, has been waning, with jobless claims rising. | Real estate fades as means to build wealth The New York Times: With mortgage rates hovering near 40-year lows and selling prices still depressed, many potential borrowers are wondering whether rates have further to fall. |
| Biggest threat to the economy is Wall Street itself Business Insider: After an enormous market rally there are now signs that the rally was largely due to government stimulus as opposed to sustained private sector health. | How a homeowner fetish hurt the American Dream Washington Post: There's a ferocious debate as to whether recent losses stemmed from unrealistic "housing affordability goals" or lax lending in pursuit of higher profits. |
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