home sales

Treasury and the FDIC put together a plan to offer as many as 3 million homeowners lower loan payments for at least five years. Homeowners, at the center of the economic crisis, may get their turn at a helping hand from government. But can they get the help they really need?

As a weird new wrinkle of the exploding mortgage crisis, the flailing housing market in California was tied to a 276 percent increase in West Nile virus cases, according to a scientific journal.

As Jerry Garcia put it, “Every silver lining’s got a touch of grey.”
Finally, home sales have begun to rebound. But as Mary Kane points out in an insightful analysis, the rising sales of foreclosed homes are more a sign of the housing market’s troubles than a harbinger of better economic times.
Read all about it here.

It’s not clear whether foreclosed homes selling at fire-sale prices are an encouraging sign — or just a false hope of a rebound that’s still nowhere on the horizon.