Bear Stearns 3Q Profit Swells 34 Percent
Investment bank Bear Stearns Cos. on Thursday said its third-quarter profit swelled 34 percent to beat Wall Street targets, helped by strength across most of its businesses.
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Wave of Foreclosures Drives Prices Lower, Lures Buyers A glut of foreclosed houses of historic proportions is starting to drive down U.S. home prices faster as lenders put more properties on the market. read more...
Second-Home Housing Glut; Real-Estate Bubble Losing Air Sellers are slashing prices nationwide as the inventory of properties on the market rises. Despite cooling demand, however, these investments should hold their value in the long term, experts say.read
ANZ-National has largest share of mortgage market - study (Stuff) The Bank of New Zealand gained some market share from the mortgage rate war it sparked at the tail end of last year, but not enough to usurp the combined
House costs 'dominate budgets' Housing costs now dominate household budgets, according to research into spending patterns over the last 40 years.read more...
Bush Prods Congress On Mortgage Giants (CBS News) President Bush is calling on Congress to move quickly to put into force legislation designed to help prop up mortgage giants Fannie Mae and Freddie Mac and lift a ban
Home remodeling company holding its own "One father had a stroke and we remodeled the bathroom to accommodate his needs." Southern California's housing market has weathered a severe downturn over the past year, with heavy