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Group Brings 'Hope' to Mortgage Woes (NPR)  The Hope Now Alliance, a collaboration between the government, lenders and non-profits, is designed to aid troubled homeowners plagued by the foreclosure crisis. Jonathan Kemper, president and CEO of the


US Week Ahead: Fed Meeting Takes Centre Stage; US Economic...  Federal Reserve meets Tuesday and Wednesday on interest rates; New home sales for May released on Wednesday; Existing home sales for May released on Thursday; Economists forecast 1Q GDP rose


Rate Trend Index -- Mortgages  Each week, Bankrate.com surveys experts to gauge which way interest rates are headed on mortgages -- a vital tool if you're about to buy a home.read more...


Man gets 30-year term for house fraud (Reg Req'd)  When it was his turn to speak yesterday, Kenneth Jenkins told the judge that he didn't buy houses in Camden to launder drug money and defraud home buyers.via


Recent building permits  Metro middle school , Robert S. Biscan Co. pulled a permit to construct a middle school at 3500 John Mallette Drive.via


Officials, Businesses Push Tax Vote  With some polls showing voters are confused and uncertain about a Jan. 29 property-tax referendum, Gov. Charlie Crist and major business groups have amped up their campaign to pass the

January 10th, 2007

Homes Unaffordable for U.S. Workers

U.S. home prices may have dipped over the past year, but many American workers would still struggle to afford a median-priced home in major cities, a new study said on Wednesday.
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