Real estate industry adjusts for minority buyers
As the size of the country’s minority communities grow, their impact on home building and the real estate industry is creating a new dynamic in home selling.
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Bear Stearns, Lehman Mortgage Growth Crimped by Housing Market (Bloomberg.com) March 20 (Bloomberg) -- The U.S. Federal Reserve's fight against inflation is taking a bite out of one of Wall Street's biggest money-makers: the $6.5 trillion market for packaging millions
U.S. housing starts rose 9 pct in February The pace of U.S. home construction rose 9 percent in February, beating analysts' predictions and running against dismal news in the subprime home financing sector, a government report showed on
Existing home sales fall but 2005 a record WASHINGTON - Sales of existing U.S. homes dropped 5.7 percent in December to a 6.6 million unit rate, marking the third consecutive decline and hitting the lowest level since March
Push on to trim property conveyance tax A coalition of real estate agents and home builders renewed their call Thursday to reduce the state's tax on home and commercial property sales.Commentread more...
Global malaise in 2006? -Joseph E Stiglitz In America, at least, 2006 is likely to be another year in which stagnant real wages freeze, or even erode, the living standards of those in the middle.read more...
Homebuyers feel pinch of rising mortgage rates (MSNBC) Vicki Nious joined a nonprofit agency last year to help low-income Americans buy and fix up homes. Instead, with interest rates rising, she's seeing more clients struggling to pay their