Mortgage insurance change makes home buying easier: bankers (CBC via Yahoo! Canada News) A federal law that lowers the level where mortgage insurance is required came into effect Friday, and bankers say the change could save many would-be homebuyers $2,000 or more.read more...
Foreclosure rate sets another record, jumps 137 percent in the Bay Area "Some areas are almost oblivious and some areas are getting smacked down big time." As home prices slipped and selling a home to get out of financial trouble became
Texas Touches Up Arizona State SAN DIEGO - Leave it to the Holiday Bowl - and with a hand from Texas coach Mack Brown's stepson - to produce a bizarre play like this. more»
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A Legal Maneuver That Could Keep Property in the Family SCIN. No, it's not the stuff that covers our bodies. It's a complex legal and financial transaction, but it may be of interest to elderly homeowners and their families.
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Mortgage lending at April record (ShareCast via Yahoo! UK & Ireland Finance) Strong mortgage lending in April has underlined the current strength of the housing market, but lenders are warning the rate of growth could now slow.read more...
So what does $250,000 get you these days? A cool quarter of a million dollars. Two hundred and fifty grand. That's roughly what it takes to buy a typical used home in Central Florida these days.Commentread more...
“Consumers have been living beyond their means and they are now starting to slow down”
Consumers put away their wallets in June, sending retail sales plunging by the sharpest amount in nearly two years. Sales of autos, furniture and building supplies all fell, highlighting the economy’s weak spots.
The 0.9 percent drop in retail sales was the biggest decline since August 2005, the Commerce Department reported Friday. It was a far bigger setback than the flat reading that had been forecast.
Part of the weakness was seen as payback for a surprise on the upside in May, when sales surged by 1.5 percent. But the June decline was also viewed as an indication that consumers are cutting back under a barrage of higher prices and a recession in the housing industry. Read more
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