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Housing

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CalculatedRiskBlog.com

Freddie Mac reported that the rate of serious delinquencies - at least 90 days behind - for conventional loans in its single-family guarantee business increased to 4.03% in January 2010, up from 3.87% in December - and up from 1.98% in Jan. 2009.

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CalculatedRiskBlog.com

Existing-home sales – including single-family, townhomes, condominiums and co-ops – dropped 7.2 percent to a seasonally adjusted annual rate1 of 5.05 million units in January from a revised 5.44 million in December...

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AP

Homelessness in rural and suburban America is straining shelters this winter as the economy founders and joblessness hovers near double digits—a "perfect storm of foreclosures, unemployment and a shortage of affordable housing," in one official's eye

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HousingDoom.com

If these declines are sustained, as we expect to happen in many markets, the result will be a “double dip ” in home values, defined as two periods of sustained declines in home values separated by a brief period of stabilization or recovery.

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CalculatedRiskBlog.com

“If history repeats itself we will see a surge in the numbers over the next few months as lenders foreclose on delinquent loans where neither the existing loan modification programs or the new short sale and deed-in-lieu of foreclosure alternatives

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