Housing Bubble Trouble
From the Weekly Standard : Housing Bubble Trouble Have we been living beyond our means? WITH NEW HOME SALES DOWN 10.5 percent in February, and with home prices declining for the fourth month in a row, it’s high …
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Mortgage apps down; rents raise CPI (USA Today) From wire services: Mortgage applications fell last week for the first time in three weeks, reflecting a steep drop in home purchase loans, as lower interest rates failed to spur
Private mortgage insurance defaults reach a record (BizJournals) The default rate on privately insured mortgages rose in November to the highest level since records have been kept by the Mortgage Insurance Cos. of America, according to a Reuters
Lumber from Canada Bangor Daily News Is Canadian lumber subsidized? According to Sen. Olympia Snowe , it's "greatly subsidized." To paraphrase Mark Twain, reports of Canadian subsidy have been greatly exaggerated.read more...
Biggest US bank failure yet to come, says former IMF economist Mumbai: A large US bank is expected to fail in the next few months as the worst of the global financial crisis unfolds, pushing the world's biggest economy deeper into
Mortgage rates tied to bond market (Connecticut Post) Homeowners, and those looking to buy a home, wondering what's going to happen to 30-year mortgage rates shouldn't look to the Federal Reserve's next meeting for their answer.read more...
Temasek Unit Mapletree May Raise $126 Million in Singapore REIT Share Sale Mapletree Investments Pte., a unit of Temasek Holding Pte., plans to raise as much as S$211 million selling shares in a real estate investment trust.via