First-time buyers spend half of income on mortgage (Daily Telegraph) The average first-time buyer is now having to spend nearly half of their income on mortgage payments for the first time in almost 20 years, figures show.read more...
Home Sales To Rise Gradually Into 2008 After bottoming in the fourth quarter of 2006, existing-home sales are forecast to gradually rise through 2007 and into 2008, while new-home sales should turn around by summer, according to
The next days of disco Unless he is entertaining - and his friends do like to hang at his plastic-fantastic bachelor pad - Leon Gazarian is the only living thing in his Encino condominium.read more...
Housing authorities a step closer to the history books A bill that would eliminate the existing regional housing authorities and replace them with affordable-housing districts under the oversight of the Mortgage Finance Authority has cleared its second committee ...Commentread
Be ready to adapt to changing market David Berson, chief economist for mortgage giant Fannie Mae, put it this way: One of the few immutable laws of economics is that "unsustainable trends eventually come to an end."
U.S. mortgage rates rise again (UPI) Mortgage rates rose this week as a 30-year, fixed-rate mortgage averaged 6.74 percent, up from 6.53 percent last week, U.S. mortgage lender Freddie Mac said. Last year at this time,
Thomas Marr spent 11 months patrolling Baghdad in the gun turret of a Bradley Fighting Vehicle. He returned home to Kenner, La., just in time to face eviction from his mobile home park.
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