House prices rise; sales rebound
Average new home prices rose in September, and the number of new homes sold nationally rebounded after a huge decline in August.
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3 arrested on fraud charges (Reg Req'd) Gwinnett police arrested three people on mortgage fraud charges as they attempted to close on a $525,000 home loan.read more...
New Home Sales in U.S. Probably Fell Last Month on Higher Mortgage Rates Sales of new homes in the U.S. probably declined 4 percent in May as buyers balked at higher mortgage rates and prices, economists said before a government report today.read more...
Anyang City Plans Giant Art Park The city government of Anyang in Kyonggi Province will turn a large area of the city into a permanent art park featuring more than 90 artworks, including pro-environmental outdoor installations.via
Eleven indicted in straw buyer mortgage scheme (Reuters via Yahoo! News) Eleven people accused of participating in a $14 million mortgage fraud scheme were indicted in Federal court in Brooklyn on Wednesday, the U.S. attorney's office said.read more...
FT.com Expectations of lower borrowing costs in the UK and eurozone mounted on Wednesday as further evidence emerged that interest rate cuts were firmly back on central bank agendas.via
Fractional sales heating up in condo market (Reg Req'd) Selling one condominium unit to eight owners was a new concept for broker Elmer Sanders, but he caught on fast.via