Nearly one in five U.S. mortgage borrowers owe more to lenders than their homes are worth, and the rate may soon approach one in four as housing prices fall and the economy weakens, a report on Friday shows.
Friday, October 31, 2008
Tuesday, October 28, 2008
Home prices see another record plunge
Home prices fell in August for the 25th consecutive month and prices in 10 major markets plunged a record 17.7% over 12 months earlier, according to a key index of real estate values released Tuesday.
http://rss.cnn.com/~r/rss/money_topstories/~3/434687817/index.htm
The pace of new home sales fell to its lowest level in 17 years in August, according to a key government report released Thursday that signaled more dismal news for the housing sector in coming months.
http://rss.cnn.com/~r/rss/money_topstories/~3/402883414/index.htm
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