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Developments

The Developments blog tracks the housing market, offering analysis, tips and insight for homeowners and home buyers.
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Senate Haggles Over Home-Buyer Tax Credit Extension

Oct 27, 2009
Prospects for a Senate deal to extend the homebuyer tax credit remain good. But details still need to be worked out, and worries about its cost and effectiveness are weighing on some lawmakers’ minds.

Will a New Logo Cheer Up America’s Home Builders?

Oct 22, 2009
The housing market remains in the dumps, but that hasn’t prevented the National Association of Home Builders from introducing a fresh logo as...

Tax Credit Abuse and the Four-Year-Old Home Buyer

Oct 22, 2009
The $8,000 first-time home buyer tax credit may have been used by tens of thousands of people who weren’t supposed to receive it, an Internal Revenue Service watchdog official told a Congressional hearing on Thursday. Russell George, who serve...

Lend America Faces Probe for Alleged Fraud on FHA Loans

Oct 21, 2009
Another mortgage lender that specializes in loans backed by the Federal Housing Administration is coming under...

Extend the Home Buyer Tax Credit? Not So Fast

Oct 20, 2009
The nation’s top housing official expressed doubt over the need to extend the $8,000 tax credit for first-time home buyers, and said that the Obama administration was reviewing...

For Landlords, Boomerang Renters Are Bad News

Nov 24, 2009
With many Americans boomeranging back with mom and dad or sharing digs with roommates, the nation’s apartment operators–particularly the public players–continue to bite their nails as they await recovery. As our colleagues at the Econ blog write, the...

So You’re Underwater, What’s Next?

Nov 23, 2009
More and more Americans find themselves underwater, and it has nothing to do with a swimming pool – though it could be described as feeling like they’re drowning. As we report in Tuesday’s WSJ, nearly one in four borrowers - or roughly 10.7 million...

Follow Up: Solaria Auction’s Success Is Up in the Air

Nov 23, 2009
Peter Rymwid Was the Solaria auction a success? On Sunday more than 200 people showed up to a hotel in midtown Manhattan for the auction of 54 luxury condos located in the luxury high-rise in the Bronx’s Riverdale neighborhood, according to this...

Lower Housing Inventory? Try ‘Lower For Now’

Nov 23, 2009
Getty Images Holiday Retreat: Most sellers try and avoid having buyers traipse through their decorated house. Home resales surged 10.1% in October — hitting the highest pace since February of 2007 — fueled by buyers rushing to tap the federal tax...

Real Estate News: Existing-Home Sales Leap, Hong Kong Property Prices Soar

Nov 23, 2009
Real Estate News compiles a daily wrap-up from each morning’s Wall Street Journal and other news sources. Existing-Home Sales Jump 10.1% (WSJ): Home resales leaped up in October, rising far more than expected as a fat tax credit offset fears about...


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