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Latest Causes of the United States housing bubble Stories

2010-12-13 07:00:00

LA GRANGE, Ill., Dec. 13, 2010 /PRNewswire/ -- Home buyers and renters can now view thousands of foreclosure homes in addition to thousands of rent to own homes - free. Home sellers and investors can also view foreclosure listings as well as listings submitted by people looking for homes to lease and/or buy - free. While there are many foreclosure homes available for dramatically depressed prices, there are many people unable to take advantage because they are unable to get traditional...

2010-04-12 23:10:00

CAMPBELL, Calif., April 13 /PRNewswire-FirstCall/ -- According to a new Move, Inc., survey released today, interest in real estate as an investment has more than tripled in the past year. In fact, 17.2 percent of potential home buyers today say they plan to purchase a home in the near future as an investment compared to just 5.6 percent in March 2009. The survey also found just over ten percent (12.3%) of Americans planning to purchase investment property in the near future say they will...

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2009-08-06 11:58:31

Interest rates for 30-year, fixed-rate U.S. mortgages fell in the week ending Aug. 6, the Federal Home Loan Mortgage Corp. said Thursday. The 30-year, fixed-rate mortgage averaged 5.22 percent with an average 0.6 points, down from 5.25 percent in the previous week, Freddie Mac said. At 4.63 percent with an average 0.6 points, the 15-year, fixed-rate average also declined, dropping from the previous week's average of 4.69 percent. A year ago, 15-year fixed-rate mortgages averaged 6.1 percent,...

2009-06-12 06:52:41

Asian markets climbed higher Friday, following U.S. reports the jobless claims had decreased and retail sales had made gains. As a symbolic improvement, Japan's Nikkei average closed above 10,000 points for the first time since October. The Nikkei closed at 10,135.82, up 1.55 percent, while the Hang Seng index in Hong Kong climbed 0.5 percent to 18,889.68. The Kospi index in South Korea climbed 0.7 percent to 1,428.59, while the S&P/ASX in Australia rose 0.4 percent to 4,062.20. In China,...

2009-05-14 11:09:12

Interest rates for 30-year, fixed-rate U.S. mortgages increased in the week ending May 14, the Federal Home Loan Mortgage Corp. said Thursday. The 30-year, fixed-rate mortgage averaged 4.86 percent with an average 0.6 points in the week, Freddie Mac said. A week ago, 30-year, fixed-rate mortgages averaged 4.84 percent. A year ago, the average rate was 6.01 percent. At 4.52 percent with an average 0.6 points, the 15-year, fixed-rate average also rose, climbing slightly above the previous...

2009-04-01 11:56:46

The Pending U.S. Home Sales Index rose 2.1 percent in February, a hint home sales could rise in the next few months, the National Association of Realtors said. The index, based on contracts signed in the February, rose from 80.4 to 82.1, NAR said. More buyers are getting into the market to take advantage of stimulus incentives and much improved housing affordability conditions, but it will take a few months before we could see this turn up in measurable sales contract activity, NAR chief...

2009-02-26 15:24:26

Interest rates for 30-year, fixed-rate U.S. mortgages rose slightly in the week ending Feb. 26, the Federal Home Loan Mortgage Corp. said Thursday. The 30-year, fixed-rate mortgage averaged 5.07 percent with an average 0.7 points in the week, Freddie Mac said. A week ago, 30-year, fixed-rate mortgages averaged 5.04 percent. A year ago, interest rates averaged 6.24 percent. At 4.68 percent with an average 0.7 points, the 15-year, fixed-rates were unchanged from the previous week. A year ago,...

2009-02-10 11:01:00

WASHINGTON, Feb. 10 /PRNewswire-USNewswire/ -- The long and harsh downturn in the real estate industry has made several of the key indicators used to measure housing economic activity less reliable in monitoring trends in the housing sector, noted real estate economist David Lereah said in an article published in today's issue of the Reecon Advisory Report. Lereah singled out four metrics widely cited in the housing industry that are no longer as reliable as they once were for monitoring...

2009-02-05 11:08:41

Interest rates for 30-year, fixed-rate U.S. mortgages rose modestly in the week ending Feb. 5, the Federal Home Loan Mortgage Corp. said Thursday. The 30-year, fixed-rate mortgage averaged 5.25 percent with an average 0.8 points in the week, up from the previous week, when interest rates were 5.1 percent. A year ago, interest rates for 30-year fixed-rate mortgages were 5.67 percent. At 4.92 percent with an average 0.8 points, the 15-year, fixed-rate average also rose. Last week, interest...


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