housing market | WOPULAR

Dish profit rises 30%

Dish Network, the smaller of the nation's two satellite broadcasters, saw profit and revenue rise last quarter but lost 111,000 subscribers, citing intense competition -- including heavy discounting by rivals -- a weak housing market and lower discretionary spending by consumers.

Cubans Can Buy and Sell Property, Government Says

The new law announced Thursday is the most significant market reform yet approved by the government of Raúl Castro, and one that will likely reshape Cuba’s cities and conceptions of class.

Senh: One of the things we take for granted here is finally available to Cubans. Although it's ironic that they're getting that right now when there's a housing crisis.

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Bloomberg to Occupy: Blame Congress, not banks

"It was not the banks that created the mortgage crisis. It was, plain and simple, Congress," said New York City Mayor Michael Bloomberg at an event for business leaders.

Senh: Congress: "It's all the banks fault. We have absolutely nothing to do with it."

Studies challenge wisdom of GOP candidates' plans

Key proposals from the Republican presidential candidates might make for good campaign fodder. But independent analyses raise serious questions about those plans and their ability to cure the nation's economic and housing woes.

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Analysis: Mortgage probe may open new path for housing relief

Five major banks could be required to commit roughly $15 billion to reduce principal balances for struggling homeowners and modify loans in other ways under a proposed deal to settle allegations linked to the "robo-signing" scandal... Five major banks could be required to commit roughly $15 billion to reduce principal balances for struggling homeowners and modify loans in other ways under a proposed deal to settle allegations linked to the "robo-signing" scandal.

Senh: Principal reduction and refinancing for underwater mortgages would be a two steps in the right direction. The only problem what happens to homeowners who have already done loan mods? Would they still qualify for principal reduction and/or refinance? It also sucks that certain programs are only available from one bank, but not another.

New home sales rise in September, prices fall

New single-family home sales rose at their fastest pace in five months in September, a government report showed on Wednesday, but sustained price declines indicated the housing market is far from recovery.

Senh: Good news, bad news - all in one headline. It continues the up-and-down trends of the housing market.

Case-Shiller index: 'Glimmer of hope' as home prices rise slightly

The closely watched Case-Shiller index of home prices in American cities rose slightly in August from the prior month. Prices of previously owned single-family homes rose 0.2% in August over July and, according to the Standard & Poor's/Case-Shiller index of 20 metropolitan areas. The index dropped 3.8% from the same month a year prior.

Senh: Hopefully, that means we've already hit the bottom, and things are moving up. Apparently, this is the fifth month in a row in which home prices have gone up, so that's the good news. The bad news is that economists are predicting drops in fall and winter, which makes sense since those are the slow periods for real estate.

Regulator unveils help for underwater homeowners

A leading housing regulator on Monday announced changes to a government refinancing program that could help up to one million homeowners whose homes are worth less than their mortgage.

Senh: Finally, the government's doing something right. It's step in the right direction. Now, if only banks other than Fannie Mae and Freddie Mac will also do the same.

Citigroup agrees to pay $285M to investors for negligence, SEC says

Federal regulators charged a Citigroup unit with negligence Wednesday, saying it misled investors about an investment product it used to bet against them as the housing market deteriorated. Citigroup agreed to pay a settlement of $285 million, which will be distributed to investors, the Securities and Exchange Commission said.

Home building jumps 15 percent in September

Homes were built in September at the fastest pace in 17 months, a hopeful sign for the struggling housing market.

Senh: Sure, they built more homes, but who's buying?

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