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A Big Bank Is Betting Big on Expansion  Since taking over as Bank of America's chairman and chief executive five years ago, Kenneth D. Lewis has made some big bets.read more...


Square inch of Indiana land is sold for 1,000 on eBay  Anyone who doubts that property prices are out of whack in the US should take a close look - a magnifying glass would help - at rural Owen County in


Second Homes, Kids Are Focus at Furniture Show  New product lines are designed to evoke vacation destinations.via


Rates on 30-year mortgages rise for the first time since late March  Rates on 30-year mortgages, after falling for five straight weeks, edged up a bit this week, reflecting in part indications that the recent economic slowdown would be short-lived. Mortgage giant


HSBC Financial Corp. acquires residential mortgage broker Invis Inc. (Canadian Press via Yahoo! News)   VANCOUVER (CP) - HSBC Financial Corp. Ltd. has bought residential mortgage broker Invis Inc. for an undisclosed amount, the banking firm announced Monday.via


How to host at someone else's table  "Wouldn't you like to check your coat?" More Nice Matters columns Q: Our home remodeling won't be finished in time for us to entertain out-of-town friends. via Seattle Times

August 31st, 2006

High Prices and Rising Rates Push Houses Out of Reach for Buyers

Home builders’ housing-affordability index fell to a record low in the second quarter, with only about 40% of new and existing homes sold considered to be affordable.

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