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Stock Trading - April existing home sales fall 2 percent  April existing home sales fall 2 percent WASHINGTON - The pace of sales of existing homes in the United States fell 2.0 percent in April, roughly in line with expectations,


Why Mortgage Life Insurance is Not a Good Idea (Kewanee Star Courier)  (ARA) - If you've recently taken out a mortgage, brace yourself for the onslaught. Before you even finish unpacking, your mailbox will likely be filled with offers for all kinds


Suspected Mortgage Fraud Up 35 Percent (WJLA-TV Washington D.C.)  Washington (AP) - The once-booming housing market and rising popularity of nontraditional home loans have produced an unwanted byproduct: a 35 percent increase in suspected mortgage fraud.read more...


Lumber costs fall; other building materials rise  The price of lumber is down about 10 percent from this time last year. That's good news for the home construction industry.Commentread more...


Sector snap: Homebuilders mostly lower on mortgage data (AP via Yahoo! Finance)   Housing stocks searched for direction Wednesday, with many major companies showing modest declines after data showed weekly mortgage applications fell sharply.read more...


Wickford, Tucked Away but Not Far Away    Although it is almost within honking distance of traffic-clogged Rockville Pike, life in the tiny community of Wickford is distinctly quiet. read more...

November 20th, 2006

High home prices means buyers will turn to condos: CMHC

The high cost of single family homes means more Ottawa home buyers will be enticed into buying condominiums and townhouses, says a new forecast from the Canada Mortgage and Housing Corporation.
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