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Officials consider phased-in monorail  For three years, leaders of the Seattle Monorail Project promised to build an entire 14-mile line or none at all.read more...


Thornburg rebounds, mortgage stocks shaky (CNN Money)  Shares of Thornburg Mortgage Inc. rebounded Wednesday from the previous day's dramatic sell-off, but a downgrade of industry leader Countrywide Financial Corp. highlighted ongoing anxieties about the U.S. credit market.read


Fed: Housing, Credit Woes Slow Economy   "Contacts in a number of industries indicated a higher-than-usual degree of uncertainty about the outlook for economic activity" The economy logged slower growth in the early fall as troubles


Mortgage Applications Rise on More Refinancing   Mortgage applications rose for a second consecutive week as home refinancing activities increased while interest rates dropped, according to the Mortgage Bankers Association. via Floor Focus read more...


City sips sweet deal  Denver has fetched a cool $1.2 million from a national winemaker for the right to display its name at the Colorado Convention Center and other city venues.via


Selling closed churches a difficulty for pastors  For sale: a charming, well-maintained building with high ceilings and classic architecture.Commentread more...

June 18th, 2007

Kenya’s Middle-Class Home-Buying Boom

NAIROBI —One recent Sunday, Paul Abeno, a mid-level computer sales executive, shuffled through aisles of brass cabinet pulls, colored tiles and tiny glass-encased models of three-bedroom homes landscaped with paper trees. He stared through the glass at Baobab Village.

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