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Tag Archives: housing

Up to 10 pct of Virginia households use high-cost loans

RICHMOND, Va. — Nearly 10 percent of Virginia households have used short-term, high-interest payday, pawnshop and auto-title loans to make ends meet. A study by the University of Virginia’s Weldon Cooper Center for Public Service released Tuesday shows that more ...

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Robert Nusgart: Home prices, rates, loan limits moving lower

This week we learned that mortgage rates are moving lower, housing prices nationally are moving lower and FHA loan limits are gearing to move lower. So all mixed together, what does it mean as we head into summer? Obviously, low ...

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Fixed mortgage rates drops for 7th straight week

WASHINGTON — Fixed mortgage rates slid for the seventh consecutive week, but the lowest rates of the year have done little to lift the struggling housing market. Freddie Mac says the average rate on the 30-year loan fell to 4.55 ...

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Severe housing price declines are spreading

WASHINGTON — Even cities that weathered the housing market crash with relatively little damage are suffering now. Severe price declines have spread to Dallas, Denver, Minneapolis and Cleveland, which had mostly withstood the bust in housing since 2006. The damage ...

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New-home sales up, but pace remains sluggish

WASHINGTON — More Americans bought new homes in April, but sales remain far below the pace that would represent a healthy housing market. The Commerce Department says new-home sales rose 7.3 percent last month to a seasonally adjusted annual rate ...

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Week in review: 5/20/11

Cardin, Gansler fight gas costs U.S. Sen. Benjamin L. Cardin and state Attorney General Douglas F. Gansler appeared Monday in Baltimore, with Cardin calling for an end to federal subsidies for big oil companies and Gansler advocating state legislation that would ...

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US builders see little to like in housing market

WASHINGTON — U.S. homebuilders are concerned that the struggling housing market won’t recover this year and some feel it may be getting worse. Builders’ outlook for the industry in May was unchanged at 16, the National Association of Home Builders ...

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Foreclosures in spotlight at annual Bank of America meeting

CHARLOTTE, N.C. — Foreclosures and home mortgage modifications took center stage at Bank of America Corp.’s annual meeting Wednesday. Outside the headquarters of the nation’s largest bank, protesters held signs and gave testimonials about their own foreclosure experiences. At the ...

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Gov. O’Malley announces Maryland housing initiative

ANNAPOLIS — Gov. Martin O’Malley has announced an initiative to increase rental housing opportunities for low-income disabled residents. The public-private partnership announced Monday includes $1 million over two years from the Weinberg Foundation. The money will be used to cover ...

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