Home Prices Expected to Fall for Remainder of 2006 From the National Association of Realtors: NAR: Home Prices Expected to Fall for Remainder of 2006 Housing prices are expected to continue to have a limited fall throughout 2006, according
UK mortgage approvals hit 4-month low (ShareCast via Yahoo! UK & Ireland Finance) Mortgage approvals fell to their worst level in four months in August, according to new data released Monday, suggesting higher borrowing costs are putting off new buyers.read more...
Home Improvement Rummage Sale Held This Weekend Attention home remodelers and rummage sale enthusiasts: the educational and charitable arm of the Milwaukee/NARI Home Improvement Council will host "The Home Improvement Rummage Sale" this weekend.read more...
Gloom in West Bank despite Israel's Gaza pullout There was little echo in the occupied West Bank on Monday of the joy that swept Gaza over Israel's pullout from the coastal strip.read more...
Q: How Big Is the Sub-Prime Mortgage Market? A: Not Very Big (Fox News) Column: The subprime mortgage problem is grossly overstated; the sector is just too small.read more...
Spaces - Old and new meet in this renovated King William mansion "Be open to altering your plan along the way." At the King William Fair three years ago, Paul Alan Boskind was standing among crowds in front of the Ike
“But once they started increasing, they did gather a bit of momentum of their own. I think that’s why we ended up seeing oil prices rising as sharply as they did.”
Oil prices climbed to a fresh high above $81 a barrel amid hopes that the U.S. Federal Reserve will cut a key interest rate later Tuesday, a move the market believes would bolster the economy and strengthen petroleum demand in the world’s largest energy consumer.
Investors expect the Fed to cut the benchmark federal funds rate at least to 5 percent a quarter-point reduction to ease pressure on the U.S. credit market.
‘The market will be waiting to see how much the Fed cuts interest rates and whether its statement indicates that there may be further rate cuts or not, and those will affect perceptions of the U.S. economy and the demand for oil,’ said David Moore, commodity strategist with the Commonwealth Bank of Australia in Sydney. Read more
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