House Buyer Network™ News
U.S. Real Estate News - From MSN News
Real Estate Market
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House tours this year reflected the lousy real estate market - LoHud.com
This year, for the first time since its inception 12 years ago, the annual New Rochelle house tour sponsored by Sound Shore Medical Center featured two downtown apartments - rental ones at that - along with its usual string of suburban homes. On the ... |
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Home buyer tax credits should help local real estate market — at ... - St. Petersburg Times
Pinellas County Realtor Steve Capen's clients were hot for the $8,000 first-time home buyer tax credit, but right around September business started turning cold. It's easy to see why. Most of his buyers sought short sale homes — those that sell for ... |
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Forecast still gloomy for Valley housing market - AZCentral.com
SAN FRANCISCO - The rapid rise and fall of Phoenix's real-estate market has become a cautionary tale for national experts in growth and housing gathered here at the annual Urban Land Institute conference. Many said they see tough times ahead, but ... |
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United Security joins list of failed banks - Atlanta Journal Constitution
The bank, which had just $15 million in assets in 2001, grew tenfold by 2009 by lending in the real estate market, including construction, land development and mortgages. United Security began to lose money toward the end of 2007 as the real estate ... |
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Study: Washington D.C. Has the Strongest Commercial Real Estate Market ... - Washington City Paper
Here’s what the Urban Land Institute had to say about Washington’s future in the coming year: Washington D.C. scores the highest marks during a recession. While hard-pressed lenders pull back in most cities, major insurers and big banks have ... |
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Local Industry News & Notes - Santa Maria Times
Central Coast home-based businesses and crafters will display and sell their wares from 5 to 9 p.m. Wednesday at the Holiday Boutique & Craft Fair in the Santa Maria Elks Lodge dining room, 1309 Bradley Road. The event will feature products from Avon ... |
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North state real estate: Listing agreement spells out details - Record Searchlight
Among questions to ask an agent before entering into a listing agreement is if he or she works full-time in the business. Things can change quickly in the real estate market and an agent needs to spend time previewing competing listings, promoting ... |
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Federal regulators close small banks in 4 states - Modesto Bee
CHARLOTTE, N.C. — Regulators on Friday shut small banks in Georgia, Michigan, Minnesota and Missouri, bringing the number of bank failures this year to 119 amid the struggling economy and a cascade of defaults on loans. The Federal Deposit ... |
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Changes of Heart - New York Times
ONE Madison Park, the soaring 600-foot glass condominium that towers over East 23rd Street, opened to its first residents in August, but since then only five buyers have closed, according to city records. Other would-be buyers have walked away ... |
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Text Size - Daily Press
Most of the failures have involved banks in the Atlanta area, where the collapse of the real estate market brought economic dislocation. Failures also have been especially concentrated in California and Illinois . As the economy has soured, with ... |
Housing Starts
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CENTRAL MOLONEY TO LAY OFF 50 - Pine Bluff Commercial
About 50 Central Moloney Inc. employees are to be laid off soon, Human Resources Director Chris Hart said Friday. The layoffs, he said are a result of continuing low new home starts. Central Moloney manufactures electrical transformers, and its ... |
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Forks kept costs down and expects no tax hike in 2010 - Allentown Morning Call
... holds the tax rate ... rates again. ''I'm encouraged because I think our development bottom we reached earlier in the year is behind us,'' said Supervisor Chairman C. David Howell, noting strong housing starts in August and October. ''We're |
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Couple accused of driving dead baby around country - Pine Bluff Commercial
The layoffs, he said are a result of continuing low new home starts. Central Moloney manufactures electrical transformers, and its inventory, Hart said, has grown to a point of requiring a cutback in production. The company employs about 540 people ... |
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Phoenix housing starts increasing - Phoenix Business Journal
New research from Metrostudy shows housing starts in the Phoenix area have grown through the first three quarters of 2009, but still lag last year’s pace. Reduced inventories of new and existing homes, low interest rates and the boost provided by ... |
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Meltdown 101: Housing starts show industry's woes - Record Searchlight
WASHINGTON (AP) -- Housing construction is crawling out of its very deep hole, but no one expects it to reach the heights hit before the housing bubble burst - at least not for a very long time. The Commerce Department released its monthly report on ... |
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CMHC upwardly revises 2010 housing starts forecast - Reuters
TORONTO, Nov 2 (Reuters) - Stronger demand and economic conditions are expected to boost housing starts in 2010, Canada Mortgage and Housing Corp said in an upwardly revised forecast for new home construction on Monday. CMHC, the federal government's ... |
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The Register-Guard - Register-Guard
For next year, the association predicts lumber demand will rise 11 percent to 34.5 billion board feet; housing starts will increase 21 percent to 668,000; and Western mills will produce 11 billion board feet of lumber, up 8 percent. |
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Housing starts up: CMHC - Ottawa Business Journal
The national housing agency is reporting that housing starts have started to recover, adding that it expects that recovery to continue. Canada Mortgage and Housing Corp. predicts national starts will reach 141,900 this year and increase to 164,900 in ... |
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CMHC reports housing starts have started recovery, rebound expected to ... - Stockhouse
OTTAWA - The national housing agency is reporting that housing starts have started to recover and it expects the recovery to continue. Canada Mortgage and Housing Corp. predicts starts will reach 141,900 this year and increase to 164,900 in 2010. The ... |
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Housing Starts Fluctuate In Saskatoon - News Talk650
Here's hoping for a better 2010. Canada Mortgage and Housing is predicting a better year in 2010 for new home construction in Saskatoon. 900 hundred homes will be built this year. That number is expected to be one thousand next year. In 2008, close ... |
Mortgage Rates
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Mortgage rates dip below 5 percent - Knoxville News Sentinel
WASHINGTON - Rates for 30-year home loans dipped below 5 percent this week after rising for three straight weeks. The average rate fell to 4.98 percent from 5.03 percent a week earlier, mortgage company Freddie Mac said Thursday. Rates had hovered ... |
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30-Year Mortgage Rates Drop Below 5 Percent - CNBC
U.S. mortgage rates fell below 5 percent for the first time in three weeks, a key level that may boost home home loan demand and help the hard-hit housing market recover, a closely watched mortgage survey showed Thursday. Interest rates on U.S. 30 ... |
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30-year fixed-rate mortgage below 5%: Freddie Mac - Investors Business Daily
CHICAGO (MarketWatch) -- Rates on 30-year fixed-rate mortgages averaged 4.98% for the week ending Nov. 5, down from 5.03% last week, according to Freddie Mac's weekly survey of conforming mortgage rates, released on Thursday. The mortgage averaged 6 ... |
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Mortgage rates drop below 5 percent: Freddie Mac - Yahoo Finance
NEW YORK (Reuters) - U.S. mortgage rates fell below 5 percent for the first time in three weeks, a key level that may boost home loan demand and help the hard-hit housing market recover, a closely watched mortgage survey showed Thursday. Many ... |
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Mortgage rates dip below 5 percent - Knoxville News Sentinel
WASHINGTON - Rates for 30-year home loans dipped below 5 percent this week after rising for three straight weeks. The average rate fell to 4.98 percent from 5.03 percent a week earlier, mortgage company Freddie Mac said Thursday. Rates had hovered ... |
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Mortgage Rates Improve While Mixed Signals Continue - HULIQ.com
Yesterday we heard the news that the First Time Homebuyer Tax credit that was slated to expire on November 30th, 2009 is being extended until next spring. Future homeowners need to get under contract before May 1st 2010 to take advantage of the ... |
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Float Bias Back as Mortgage Rates Hold Steady After Jobs Data - MortgageNewsDaily.com
Mortgage rates continued to hold steady yesterday as prices of mortgage backed securities slowly inched higher yesterday. AQ and MG were discussing the supply and demand dynamics of the MBS market yesterday, citing several reasons for the stable ... |
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Long-term mortgage rates below 5% again - Triangle Business Journal
Average rates on 30-year fixed-rate mortgages fell back below 5 percent in the week ending Nov. 5, according to Freddie Mac 's weekly rate report. The average rate was 4.98 percent, down from 5.03 percent last week. A year ago, 30-year mortgages were ... |
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Mortgage rates fall: Fannie and Freddie - The Money Times
Washington, November 6 -- According to a closely watched survey by U.S. mortgage finance company, Freddie Mac, mortgage rates fell below 5 percent for the first time in three weeks. The average 30-year mortgage rate declined to 4.98 percent from 5.03 ... |
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Mortgage rates for 30-year loans drop to 4.98% - NorthJersey.com
NEW YORK — Mortgage rates for 30-year fixed U.S. home loans fell for the first time in a month this week as the Federal Reserve pledged to keep its benchmark rate near zero. The average 30-year mortgage rate declined to 4.98 percent, from 5.03 ... |
Foreclosures
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Fannie Mae seeks $15 bln in US aid after 3Q loss - Builder Magazine
The program helps "eliminate some of the uncertainty of foreclosure, keeps families and tenants in their homes during a transitional period, and helps to stabilize neighborhoods and communities," Jay Ryan, a Fannie Mae vice president, said in a ... |
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Fannie Mae to take on landlord role - Modesto Bee
WASHINGTON — Can't pay the mortgage? You still might be able to stay in your home. Government- controlled mortgage company Fannie Mae is going to give borrowers on the verge of foreclosure the option of renting their homes for a year. The change ... |
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Fannie Mae offers borrowers option to foreclosure with rental ... - Norwalk Hour
Can't pay the mortgage? You still might be able to stay in your home. Government-controlled mortgage company Fannie Mae is going to give borrowers on the verge of foreclosure the option of renting their homes for a year. The change announced Thursday ... |
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Hawaiiana Hotel operations being phased out this week - Honolulu Advertiser
Honolulu developer and property manager Peter Savio said the low-rise Hawaiiana Hotel on Waikiki's Beach Walk is being shut down as a hotel. Savio is managing dorm rentals at part of the Hawaiiana, but said he has learned that the main hotel ... |
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Luxury resort opening in depressed Rhode Island - Asbury Park Press
... boutique hotel with $600-a-night rooms, especially in Rhode Island. The state has among the highest unemployment and foreclosure rates in the country. The local economy has been hammered by the credit crisis and vanishing manufacturing jobs. |
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HELPFUL HINTS - Northwest Arkansas News
LITTLE ROCK — DEAR HELOISE: A while ago, you had a column about many pets losing their homes in the foreclosure crisis, and how adopting one of these homeless pets could end up adding a very special member to your family. Last year, we adopted a ... |
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Florida's unemployment extremes share an uphill battle - St. Petersburg Times
On the surface, Liberty County in Florida's Panhandle and Hendry County in South Florida have plenty in common. They are rural with small populations. But Liberty's unemployment rate is 5.3 percent while Hendry's is 16.8 percent — 11.5 percentage ... |
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Hits keep coming with jobless report - Modesto Bee
For Americans who wake up each morning thinking about their job hunt, Friday's unemployment report offered little reassurance that their search soon would pay off, even as the broader economy showed signs of strengthening. The U.S. economy shed 190 ... |
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City funds foreclosure renovation - Desert Sun
Renovation work is under way on the first foreclosed home purchased by a city in the Coachella Valley, according to Indio city officials. The city of Indio closed escrow on the house at 82-339 Golden Rod Drive in Indio in late September, making it ... |
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Analysis: Double-digit jobless rate is Obama's responsibility - Record Searchlight
WASHINGTON - For months he had warned it was coming but that did not ease the political shockwaves for President Barack Obama when U.S. unemployment topped 10 percent. A year after his election, Obama finds it increasingly difficult to blame the sour ... |
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