Investor faces jail over housing scandal (Reg Req'd) For most NJ Affordable Homes investors, the realization they likely will recover only a small percentage of their money is punishment enough.read more...
N.C. existing home sales slip in November Sales of existing homes in the state fell 4 percent last month compared to November of 2005, the N.C. Association of Realtors reported today.Commentread more...
D.A. investigates loans to Inglewood officials The Los Angeles County district attorney is investigating two Inglewood elected officials who borrowed hundreds of thousands of dollars through a low-interest loan program originally intended to help city ...Commentread
Taken for taxes, new use of eminent domain? (Reg Req'd) IN THE UNITED States, property rights have always been sacred. Our home is our castle.read more...
GMAC Exploring Sale of Some Parts of Mortgage Lender (New York Times) The finance company GMAC said that it was exploring the sale of parts of its troubled mortgage-lending arm and the purchase of a non-American mortgage lender.read more...
Horton 3Q sales orders plunge 40 percent "It's going to be another year-and-a-half before we see stability or growth" The traditional spring home-selling season was a bust for D.R. Horton Inc., one of the biggest nationwide
“The best plays in the U.S. are in health care and some of the consumer stocks, while the REIT [real estate investment trust] market is going to have some trouble for obvious reasons.”
For investors, the second half of the year won’t exactly be coasting. Subprime mortgage concerns, speculation about interest rates and the early maneuverings of presidential campaigns will influence stock … via Baltimore Sun
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