Median Price Breaks $400,000 Barrier
The median price of single-family houses and townhouses in the Washington region vaulted past $400,000 last year, making inexpensive housing more and more of an oxymoron here.
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Mortgage Application Volume Tumbles (AP via Yahoo! Finance) Mortgage application volume dropped 7.6 percent during the week ending Dec. 21, despite a drop in interest rates, according to the Mortgage Bankers Association's weekly application survey.read more...
Harbor resort plan threatened; Foreclosure effort called 'disingenuous,' would kill plans for 'condo-hotel' in Scituate The group of investors that holds the mortgage on the Inn at Scituate Harbor is threatening to foreclose and auction off the property.read more...
Don't be weighed down by your debts BILL JAMIESON WE ARE drowning in a sea of debt. Or so it seems from the screaming headlines of the past few days.read more...
Mortgage plan is a 'good first step' (Hollister Free Lance) Local politicians and real estate professionals said Friday they support President Bush's plan to alleviate the national mortgage foreclosure crunch. But many added that Bush's efforts aren't going to solve
Beware the fairytale mortgage (Sydney Morning Herald) REMEMBER that old Brothers Grimm tale Rumpelstiltskin? When a poor miller boasts to the king that his daughter can spin straw into gold, she is forced to make a deal
Swiss Re Marks Down $1 Billion on Subprime Mortgage Devaluation (Insurance Journal) Even the world's largest reinsurer isn't immune to the subprime mortgage crisis. Swiss Re announced that "following completion of its October performance reporting," it is now obliged to report a