Topic: USC Lusk Center for Real Estate
In California, the deficit for the current fiscal year is projected to be $1.9 billion, down from $25 billion in recent years. The unemployment rate and some home sales are also improving.
Federal Reserve's new push to ease mortgage rates won't help underwater homeowners and those with bad credit. Despite current low rates, two-thirds of homeowners have interest rates above 5 percent.
Experts have been calling for the bottom of the housing market each year since the crash, and prices continue to tumble. Why? In an overwhelming number of cases, homeowners owe more on their mortgages than their houses are actually worth.
More new immigrants are settling in mid-size metropolitan areas like Detroit and Minneapolis, according to a study released Monday.
03/15/2010 08:24 pm
The $1.5 billion federal aid package will be distributed to housing agencies in California, Nevada, Florida, Michigan, and Arizona – the states hardest hit by the housing crisis – to help keep struggling homeowners in their houses.
02/19/2010 07:55 pm