June 17, 2011 Housing Market News Updates

Posted by News Staff on June 17th, 2011

  • The hopeful news of more home construction starts in May was dampened by yesterday’s report from the National Association of Home Builders that it is just adding to unsold inventories, as their Housing Market Index slumps 3 points to a level of just 13 on a scale of 100.  Full Story…
  • A slow-down in foreclosures means little without an increase in the closing of new sales.  Full Story…
  • Dean Baker, co-director of the Center for Economic and Policy Research, faces off with NY Times columnist David Brooks on causes of the Housing Bubble.  Full Story…
  • 20% down payment rule could put homeownership out of reach for half of working Americans.  Full Story…