US home sales down 0.8 percent in December
A house for sale in Park Ridge, Illinois, in 2005. US home resales slipped 0.8 percent in December to a worse-than-expected 6.22 million units, industry data has shown.
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Thornburg Raises Loss Estimate From Mortgage Sales (Update3) (Bloomberg.com) Oct. 9 (Bloomberg) -- Thornburg Mortgage Inc., the Santa Fe, New Mexico-based mortgage provider, lost $1.1 billion selling bonds backed by adjustable-rate home loans as rising defaults eroded demand for
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Govt to restrict union access to building sites MAXINE MCKEW: Tomorrow, the Federal Government will reintroduce its legislation tightening restrictions on union access to building sites.read more...
Housing Cooling with Inventory Up ""We should start to see a stand-off as buyers offer lower prices and homeowners refuse," said Paul Ashworth, US analyst at consultants Capital Economics."After a period of frustration, sellers should
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