housing market

The Chinese real estate developer Landsea plans to invest $1 billion in the U.S. housing market, according to the company. “The Chinese housing market is slowing down. In the U.S., it’s coming up,” said John Ho, managing director of Landsea’s U.S. subsidiary, yesterday.

Michael Regan of Bloomberg News spoke to Here & Now’s Jeremy Hobson about how the developer will start with three projects — one in California’s Simi Valley, another near San Francisco and a third outside of Manhattan.

In what’s usually the busiest home-buying season, mortgage lending dropped to its lowest level in 14 years and purchases of new homes sank 14.5 percent.

Some of the factors: mortgage rates have ticked up and investors who snapped up homes last year have retreated. What’s in store for the near future of the housing market?

Tom LaMalfa, an economist and contributor to Mortgage Banking Magazine, discusses this with Here & Now’s Jeremy Hobson.

KUOW Photo/Amy Radil

Larry Jametsky visits his family home frequently, even though he was evicted from it almost four years ago.

He and his family have been homeless since then, but they’ve stayed near the blue house in the city of SeaTac. “This was my grandparents’ house, my dad’s house,” Jametsky said.

Fighting Foreclosure And Finding Forgiveness

Aug 14, 2013
KUOW Photo/Kendra Hanna

Today on the program, Maddie Ewbank and Srikar Penumaka bring you stories about moving on in life: letting go and gaining in the process.

First, Kendra Hanna tells you about one family's struggle with their home and foreclosure. Ever had buyer's remorse? Well this is a little different. After that, we hear from Ian Dangla about how a high school play helped a family change its perspective on the death penalty.

RadioActive is KUOW's youth radio program, and all the stories here are produced by young people age 16-21. Listen to RadioActive stories, subscribe to the RadioActive podcast and stay in touch on Facebook.

Flickr Photo/Transportation Safety Board of Canada (CC-BY-NC-ND)

  


Les Layne from the Victoria Time Colonist explains what the people of Lac Megantic have learned about the catastrophic train crash that happened there on July 16. Film critic Robert Horton joins us with a look at the last films of great directors and actors. Then, Jon Talton brings us the latest business news including what the housing recovery means for consumers and the market.