The year in review
The record-setting housing market carried Sonoma County’s economy through 2005 but showed signs of slowing as the year drew to an end.
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JP Morgan plans to write down $1.5 billion in mortgage-backed assets (International Herald Tribune) Trading conditions "have substantially deteriorated" since July, and have "sharply widened" spreads on mortgage-backed securities and loans caused losses, the U.S. bank said.read more...
Chicago sturdy; Midwest housing sags Chicago is a bright spot in an otherwise depressed Midwestern housing market that is unlikely to revive and may lose ground in 2006, economists said Wednesday at the opening of
IAC Loses $369.9M On Mortgage Woes (CBS News) Barry Diller's IAC/InterActiveCorp reported Wednesday that it lost $369.9 million in its fourth quarter, due to higher taxes, difficulty in its mortgage referral unit and costs for proposed spinoffs that
Rescue of big US mortgage firm eases, does not end concerns (AFP via Yahoo! News) Bank of America's ride to the rescue of troubled mortgage giant Countrywide Financial boosted confidence about an easing of the credit squeeze, but analysts say it's not clear if
Experts urge creating evacuation plans With tornadoes already buffeting the South and Midwest, and the start of the hurricane season not far off, families need to begin thinking now about preparing disaster plans.read more...
Median price of LV homes reaches $300,000 The Las Vegas housing market reached a milestone in May as the median sales price hit $300,000. Monthly statistics released Monday by the Greater Las Vegas Association of Realtors showed