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Housing prices continue their slide

(EMAILWIRE.COM, May 15, 2008 ) SACRAMENTO, CA – Real estate continues to be a sore spot for the US economy as prices for single family homes were down 7.7% in the first quarter of 2008 compared to a year earlier. The National Association of Realtors reported the recent numbers and indicated that... more

US housing crisis solutions proposed in Congress

(EMAILWIRE.COM, May 13, 2008 ) SACRAMENTO, CA – Democratic and Republican members of Congress passed their version of a housing rescue bill last week that would provide for up to $300 billion to purchase mortgages held by lending institutions. The Bush administration has signaled opposition to... more

American home equity drops below 50%, lowest in 60 years

(EMAILWIRE.COM, March 08, 2008 ) SACRAMENTO, Calif – On Thursday March 6, 2008 the Federal Reserve reported that during the final three quarters of 2007 the amount of equity that Americans had in their homes dropped to below 50%. This is the first time that Americans have owed more on their homes... more

Mortgage Lenders’ Stocks Plummet As Borrowers Struggle To Avoid Foreclosure

(EMAILWIRE.COM, February 12, 2007 ) SACRAMENTO, CALIF – America’s battered residential housing sector received a couple more shocks last week. Two leading residential mortgage lenders saw their stock prices fall as the home prices continued their slump amidst a higher interest rate environment. ... more
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