3 Articles match "Conference","Homes","Residential"

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Mayors Predict Rising Foreclosures in 2008
Mounting home foreclosures will lead to “profound” effects on the economy next year, bleeding billions of dollars in lost tax revenues, shrinking job growth and reducing consumer spending in the nation’s major metropolitan areas, according to a new report released this week by the U.S. Conference of Mayors . Prepared by forecasting and consulting firm Global Insight , the report said weak residential investment, lower spending and income in the construction industry and curtailed consumer spending because of falling home values will combine to hold back the nation’s economic activity.
www.foreclosurepulse.com - Tuesday, December 16, 2008
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Fannie: Q1 a Swift Kick in the Rear
ldquo;As the initial shock of home price declines dissipate and markets settle down from volatility of the last nine months, we’re seeing tremendous opportunity. As the market recovers, we will be a prime beneficiary,” Mudd said during a conference call with investors Tuesday morning. As a result of the losses, Fannie is revising its forecast for home price declines from a 5 to 7 percent loss It may have been created and chartered by the federal government, but Fannie Mae (the Federal National Mortgage Association) is first and foremost a private company responsible to shareholders for running at a profit.
www.foreclosurepulse.com - Tuesday, December 16, 2008
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Immediate Relief Nowhere to Be Found
According to its latest report released Tuesday, Standard & Poor’s said home prices across the nation continued to fall in April 2008, with prices in all 20 metro areas it studies for the S&P/Case-Shiller Home Price Indices showing annual declines. Also on Tuesday, The Conference Board released its monthly Consumer Confidence Index report, showing an almost eight point decline between its May measurement (58.1) Three top indices of economic health in the U.S. came out with negative reports this month, supporting the notion that the nation’s inventory
www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Immediate Relief Nowhere to Be Found
    According to its latest report released Tuesday, Standard & Poor’s said home prices across the nation continued to fall in April 2008, with prices in all 20 metro areas it studies for the S&P/Case-Shiller Home Price Indices showing annual declines. Also on Tuesday, The Conference Board released its monthly Consumer Confidence Index report, showing an almost eight point decline between its May measurement (58.1) Three top indices of economic health in the U.S. came out with negative reports this month, supporting the notion that the nation’s inventory
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE
  • Fannie: Q1 a Swift Kick in the Rear
    ldquo;As the initial shock of home price declines dissipate and markets settle down from volatility of the last nine months, we’re seeing tremendous opportunity. As the market recovers, we will be a prime beneficiary,” Mudd said during a conference call with investors Tuesday morning. As a result of the losses, Fannie is revising its forecast for home price declines from a 5 to 7 percent loss It may have been created and chartered by the federal government, but Fannie Mae (the Federal National Mortgage Association) is first and foremost a private company responsible to shareholders for running at a profit.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE
  • Mayors Predict Rising Foreclosures in 2008
    Mounting home foreclosures will lead to “profound” effects on the economy next year, bleeding billions of dollars in lost tax revenues, shrinking job growth and reducing consumer spending in the nation’s major metropolitan areas, according to a new report released this week by the U.S. Conference of Mayors . Prepared by forecasting and consulting firm Global Insight , the report said weak residential investment, lower spending and income in the construction industry and curtailed consumer spending because of falling home values will combine to hold back the nation’s economic activity.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE