online.wsj.com - 12/4/2008
—
WASHINGTON -- The Treasury Department is considering a plan to revitalize the U.S. home market that would push down interest rates for loans to purchase a home, according to people familiar with the matter. The plan, which is in the development stage, would temporarily use the clout of mortgage ...
online.wsj.com - 12/3/2008
—
online.wsj.com —
DEBORAH SOLOMON and DAMIAN PALETTA WASHINGTON -- The
Treasury Department is considering a plan to revitalize the...
U.S. housing market by reducing mortgage rates for new home loans, according to people familiar with the matter. The plan, which is in the ...
(more)
Treasury Considers Plan to Stem Home-Price Decline
Comments
Blog Reactions
Thursday Morning
Trading Goddess —
... with WMT being the stand-out exception as it topped estimates on increased store traffic and transaction size. Even COST and TGT are struggling with declines and hopefully the WSJ will have a chart to play with tomorrow. Still, in addition to the daily savings afforded to US drivers, who are paying 50% less per tank than they did in the summer, there is some very good potential news from the Treasury, who are considering a program that will allow homeowners to refinance at 4.5%. This is a VERY big deal and would put hundreds of dollars into the pockets of ...
China Prepares for Worst Case As US Prepares For More Central Planning
Mish's Global Economic Trend Analysis —
... Not having learned anything from decades of communist Russia central planning failures (or for that matter from the housing debacle that started here a few years back and spread globally), the U.S. Eyes Plan to Lift Home Sales. ...
We’re All Hedge Funds Now
The Aleph Blog —
... , who said, “We’re all subprime now,” I add that “We’re all hedge funds now.” After reading this article in the Wall Street Journal, I said, “That logic can justify any action.” Here’s the critical quotation: ...
Related Content
Even More on Home Sales
calculatedriskblog.com 12/24/2008 — Lots of housing news today ... New Home Sales Lowest since 1982 Existing Home Sales Plunge And here is an analysis of existing home turnover (not pretty), and NSA data showing the existing home sales plunge was worse than the headline number. And ...
Obama eyes home loan subsidies in rescue plan: sources
| U.S.
reuters.com 2/12/2009 — WASHINGTON (Reuters) - The Obama administration is hammering out a program to subsidize mortgage payments for troubled homeowners who have gone through a standardized re-appraisal and affordability test, sources familiar with the plan said on ...
New Home Sales in November
calculatedriskblog.com 12/23/2008 — The Census Bureau reports , New Home Sales in November were at a seasonally adjusted annual rate of 407 thousand. This is the lowest sales rate since 1982. Click on graph for larger image in new window. The first graph shows monthly new home ...
More on New Home Sales
calculatedrisk.blogspot.com 11/26/2008 — Click on graph for larger image in new window. First, here is a long term graph of new home sales and inventory from the Census Bureau. Although home builders have sharply reduced housing starts - and are now starting fewer homes than they are ...
How to Lift a Falling Economy
washingtonpost.com 2/21/2009 — Comments that include profanity or personal attacks or other inappropriate comments or material will be removed from the site. Additionally, entries that are unsigned or contain "signatures" by someone other than the actual author will be removed. ...
FT.com / Companies / Retail - Black Friday bargains lift sales
ft.com 12/1/2008 — Aggressive price-cutting by retailers over the Thanksgiving holiday brought economically battered shoppers into stores in droves, according to spending estimates for the weekend that marks the symbolic start of the US shopping season. The National ...
New Home Sales: Just above Record Low
calculatedriskblog.com 3/25/2009 — The Census Bureau reports New Home Sales in February were at a seasonally adjusted annual rate of 337 thousand. This is slightly above the record low of 322 thousand in January. Click on graph for larger image in new window. The first graph ...
Fannie, Freddie Quietly Lift Moratorium on Foreclosures
washingtonindependent.com 4/4/2009 — freddie_mac_and_fannie_mae A ban on foreclosure sales and evictions from houses owned by mortgage giants Fannie Mae and Freddie Mac, which began as a high-profile effort just before the holidays to keep people in their homes as the government tried to ...
Real Time Economics : Auto Sales Start to Look Like Home Sales
blogs.wsj.com 10/1/2008 — Double-digit home sales declines? Yawn. Double-digit auto sales declines are now all the rage. The progression is logical. Having a nice home and two cars in the garage — along with the monthly payments that come with them — is practically the banner ...
October New Home Sales: Lowest Since 1982
calculatedrisk.blogspot.com 11/26/2008 — The Census Bureau reports , New Home Sales in October were at a seasonally adjusted annual rate of 433 thousand. This is the lowest sales rate since 1982. Click on graph for larger image in new window. The first graph shows monthly new home ...