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Ian Wyatt: Nearly four years removed from the subprime mortgage lending crisis pushed the U.S. into a deep recession, it’s finally time to invest in housing. Read more…
For the second time in as many days, stocks ended the session mixed. The major indices were under pressure for most of the session but a late day rally salvaged what could have been a very negative day on Wall Street. For the most part the broad market held up well but there were signs of selling into Read more…
Andrew Snyder: The nation’s housing market is in shambles. But as Washington passes the buck to Wall Street, it’s about to get even worse. After nearly 10 years of government manipulation, the fate of the nation’s housing market (NYSEARCA:IYR) once again lies in the hands of capitalism. We’ve gone Read more…
Mike Larson: What was one of the best performing sectors in late 2011 … and the first several days of 2012? Would you believe HOUSING?? The Philadelphia Housing Sector Index, or HGX plunged to 73.65 in October. But then it started rising, ultimately tagging 109.65 this week. That’s a gain of Read more…
Martin Hutchinson: President Obama on Oct. 24 announced yet another housing bailout. This time, borrowers who are underwater by more than 25%, are on time with their payments, and have Fannie Mae/Freddie Mac mortgages dating before March 2009 will be allowed to refinance their home Read more…
Stocks closed higher but well off session highs as the market reversed late in the session on strong trade. All five major indices closed in the green with small-cap issues showing the most strength on Wednesday. By the closing bell the small-cap Russell 2000 (NYSE:IWM) tacked on 1.7%. The S&P 500 (NYSE:SPY) Read more…
Stocks closed mixed on Tuesday in modestly higher trade. Large cap issues underperformed as the Dow Jones Industrial Average (NYSE:DIA) slid 0.2% while both the S&P MidCap 400 and the S&P 500 (NYSE:SPY) closed fractionally higher. The Nasdaq (NASDAQ:QQQ) added 0.7% and the small-cap Russell Read more…
Justice Litle: The housing bubble aftermath has reached a new stage as banks sue homeowners, and China (NYSE:FXI) looks more ready than ever for a property bust. Read more…
Martin Hutchinson: The housing market remains a drag on the economy, but there are indications that it is finally starting to bottom. Prices have stopped declining, and there is even some sign of life in sales. Read more…
Stocks posted solid gains on Monday but on mixed trade. In a whipsaw session stocks began the day higher but sold off until 10:30 at which time the market caught a bid, steadily climbed until noon, reversed again and sold off until 2:00pm and then rallied sharply into the close. Read more…
Equities gave back most of Tuesday’s gains amidst declining trade yesterday. All five major indices closed well in the red. The small-cap Russell 2000 (NYSE:IWM) led the decline as it posted a 5.1% loss on the session. The Dow Jones Industrial Average (NYSE:DIA) and the S&P 500 Read more…
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