Monthly Archives: May 2009

Nearly a Quarter of Homeowners Have No Savings, Half Have Debt

May 20, 2009 No Comments »

Nearly one in four homeowners (24 percent) don’t have any savings to cover expenses such as their monthly mortgage payment should they lose their jobs, according to a survey conducted by Wells Fargo. At the same time, job stability worries ... Read More »

Shadow Inventory Could Weigh Down Home Prices

May 14, 2009 No Comments »

So-called shadow inventory, which is essentially the stock of homes that would come onto the market assuming things turn around, could keep home prices down a lot longer. Supply is already a concern, given the lack of buyers and the ... Read More »

First Time Homebuyers Accounted for Half of First Quarter Sales

May 13, 2009 No Comments »

First-time homebuyers accounted for half of all existing-home purchases during the first quarter, according to the National Association of Realtors. And those sales don’t reflect the impact of the homebuyer tax credit, which could boost sales by another 100,000 units ... Read More »

Home Prices Haven’t Fallen as Much as You Think

May 12, 2009 No Comments »

If you’ve been following the housing market over the past year, you’re probably thinking home prices are getting pretty cheap, attractive even. But before you jump in, there’s something worth noting; the median home price you see plummeting is skewed. ... Read More »