Young homeowners may cut spending if home prices slip, researcher says Consumer spending, especially among younger homeowners, would tighten if home prices drop significantly, a Boston-based research analyst said.read more...
Gripes decline on contractors in law's wake For the past year, home-improvement contractors have been required to register with the state before they could be issued construction permits by New Jersey towns.Commentread more...
County issues 450 building permits The adage "homes are popping up on every corner" is not far from the truth in Jackson County, where a residential building boom keeps the planning department hopping.read more...
Bank warns of increased risks to the UK's financial system The Bank of England issued a stark warning today that the dangers surrounding the UK's financial system have risen over the past nine months. via The Independent read more...
To Gauge Subprime Mortgage Fallout, Bond Market Eyes CDOs (Nasdaq) NEW YORK -(Dow Jones)- With mortgage borrowers who have less than perfect credit and the banks that lend to them under pressure, investors are watching closely to see if the
Mortgage turmoil drives Thornburg's $3.3 bln quarterly loss (Market Watch) Thornburg Mortgage Inc. on Thursday reported a quarterly loss of more than $3 billion as the company was hit hard by falling market values in its mortgage and loan portfolios.
In the latest signs of a softening local housing market, Del Mar-based Brookfield Homes reported a steep drop in revenue from home building yesterday while the nation’s largest home builder said business in San …
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