Housing Construction Posts Gains for 2005
Home building cooled in December, but even with the weakness 2005 was a record year.
read more…
Mortgage lending halves as home loan approvals hit record seven-year low (Daily Mail: World News) Mortgage lending halved during August and the number of loans approved for house purchase slumped to a new record low, figures showed today.read more...
With CDs, don't be 'long and wrong' Right now, certificate of deposit yields are flat across all maturities, so there's little interest rate reward for locking up your money for years, says Dr. Don.read more...
Where ?Mortgage? Isn?t a Scary Word (New York Times) A confluence of economic circumstances is blamed for the dismal performance of mortgage REITs, but a handful of them is thriving as the economy falters.read more...
Greenspan Says Data Suggest Worst May Well Be Over' in U.S. Housing Slump Former Federal Reserve Chairman Alan Greenspan said the ``worst may well be over'' for the U.S. housing industry that's suffering its worst downturn in more than a decade.Commentread more...
Where Home Prices Are Holding Up Changes in housing prices can show wild variations even within a single metro area. Here's a cheat sheet to understanding home-price patterns in some of the U.S.'s biggest cities.read more...
Men accused of mortgage scam to flee to Malta (Maltamedia.com Daily News) Two men involved in a big mortgage scam in California history, are planning to flee to Malta, 10News.com reported. Hendrix Montecastro and James Duncan?s scam has resulted in