Month: January 2007

It is interesting watching the US housing market unfold. Late last year we saw some of the fastest plunges in the sales of new homes ever recorded, only for the new house market to close the year with sales down 17.3%. On Friday night, it was reported new house sales …

NEW YORK, Dec 31 (Reuters) – Defaults on privately insured U.S. mortgages rose 34.7 percent in November to the highest level on record, reflecting the inability of a growing number of homeowners to keep current on their loan payments. » Defaults on U.S. insured mortgages at record high – Reuters, …