housing bubble

WASHINGTON | US new-home sales plunged 8.9 percent in October

WASHINGTON — Sales of new U.S. homes plummeted 8.9 percent in October, as the number of newly built, unsold homes sitting on the market climbed to its highest level since 2009. The Commerce Department said Wednesday that new homes sold at a seasonally adjusted annual rate of 544,000 last month. New-home sales have declined in … Continue reading WASHINGTON | US new-home sales plunged 8.9 percent in October

Royal Bank of Scotland fined $4.9B for housing bubble role

August 15, 2018 (STL.News) Royal Bank of Scotland will pay a $4.9 billion fine to settle allegations it misrepresented the types of mortgages it sold to investors during the housing bubble that ultimately led to the 2008 financial crisis. The Justice Department said in a statement Tuesday that the penalty is the largest it has … Continue reading Royal Bank of Scotland fined $4.9B for housing bubble role

U.S. Foreclosure Activity Decreases 19 Percent In Q1 2018 To Stay Below Pre-Recession Levels For Sixth Consecutive Quarter

IRVINE, Calif./ April 12, 2018 (STLRealEstate.News) — ATTOM Data Solutions, curator of the nation’s premier property database, today released its Q1 2018 U.S. Foreclosure Market Report, which shows a total of 189,870 U.S. properties with a foreclosure filing during the first quarter of 2018, up 4 percent from the previous quarter but still down 19 … Continue reading U.S. Foreclosure Activity Decreases 19 Percent In Q1 2018 To Stay Below Pre-Recession Levels For Sixth Consecutive Quarter