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“When advertising executive John Gallegos wanted to promote a new package of Spanish-language channels for client Comcast Corp. (CMCSA), he put together a spot featuring the fictional Gutierrez clan gathered around television sets in their home.”
“Residential real estate prices probably dropped in the year ended June by the most in 19 months, indicating the housing market continues to hamper the U.S. recovery, economists said before a report today.”
“David Sandwith has been trying to unload his seven-bedroom house on Mercer Island, Washington, since 2009, listing it first for $32 million, then cutting the price to $28.8 million last year. After not receiving any acceptable offers, he’s putting it up for auction.”
“The combined delinquency rate on mortgages held by major banks dropped to 6.68% in the second quarter, the lowest level since the third quarter of 2009, according to Federal Deposit Insurance Corp. data.”
‚ÄúThe number of purchase contracts signed on previously owned houses declined in July, according to industry data, the latest sign the nation’s housing market remains troubled.‚Äù
“The share of bank-owned homes and homes in some stage of foreclosure dropped 5 percent from the first quarter to the second quarter of 2011, falling from 36 percent to 31 percent, but was up from 24 percent in second-quarter 2010, according to a report released today by foreclosure data provider RealtyTrac.”
‚ÄúResidential building permit activity in Los Angeles County took a big tumble last month, falling nearly 70 percent from last year’s levels.‚Äù
“One of the most frequent questions in today’s housing market is “should I buy or should I rent?” Such a question is subject to the condition of the housing market you’re shopping in, unemployment, foreclosure environment, mortgage rates and so much more.”
“The number of Americans who signed contracts to buy homes fell in July, further evidence that the depressed housing market remains a drag on the economy.”
“DETROIT — In early December, a senior executive at Fannie Mae assured members of the Senate Banking Committee in Washington that the mortgage giant was doing everything possible to address the foreclosure crisis.”
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