Homeownership Drops by Largest Amount Since Great Depression

By Jeanne Roberts It’s probably no surprise that the number of individuals owning homes has experienced its biggest drop since the Great Depression, an epoch usually defined as the decade between 1929 and 1939. The figures are from the U.S. Census Bureau, and show that the rate of homeownership fell to 65.1% in April 2010, or 1.1% lower than it was a decade earlier. This is compared to ownership levels of around 70% in 2005, which means a … [Read more...]

HUD Launches Emergency Home Loans

By Mike Colpitts In a move that has been awaited more than a year, the Housing and Urban Development Department launched the Emergency Homeowners Loan Program to help unemployed homeowners at risk of foreclosure in 27 states. The program is slated to help only a small number of troubled homeowners during its life-span. The White House estimates that 30,000 distressed homeowners will be helped through the plan. Homeowners at risk of … [Read more...]

2010 Delaware Housing Market

Home buyers aren't going to be in the driver's seat for much longer in Delaware, where housing prices are strengthening as the start of just what might be a recovery gets it roots. Efforts to fight foreclosures in Delaware might be helping the housing market as bidding wars break out on some especially low priced homes. The state Attorney General, a lawmaker and a judge created a foreclosure mediation program to urge troubled homeowners to sit … [Read more...]