Toll Brothers preliminary 2Q sales fall 30 percent "So far we're very happy where we are, but it's not ruled out." Investors scouring for hints of a housing revival won't find much in the second-quarter preliminary sales
The hot properties Commercial properties and building sites around the county are fetching top dollar -- and, except for in the downtowns in San Luis Obispo and Paso Robles, it's occurring even though
Property tax break flies below radar Program spreads to much of Toledo WHEN Toledo fire fighter Rudy Garcia went looking for land on which to build a home, he was eager to find a real estate
IndyMac selling majority of mortgage branches (AP via Yahoo! Finance) Prospect Mortgage, a company specializing in buying midsize residential lenders, said Tuesday it agreed to buy the majority of IndyMac Bancorp Inc.'s retail mortgage branches for undisclosed terms.read more...
Abbey ratchets up mortgage multiplier First-time buyers desperate to get onto the property ladder are being offered loans of up to five times joint salary levels, according to a report in today's Financial Times.Commentread more...
Does It Matter Whom an Agent Serves? Evidence from Recent Changes in Real Estate Agency Law Journal of Law and Economics , Vol. 43, No. 1. , pp. 265-284. Authors JSTOR: Abstract Recent changes in real estate law hastened the shift from a seller's agency
“Thus, the impact of the current crisis is only reflected to a limited extent in the figures for the first quarter.”
Germany’s IKB Deutsche Industriebank AG, hit badly by its exposure to the U.S. subprime lending crisis, said Friday its first-quarter profits fell nearly 67 percent.
IKB, which lends to small and medium-sized German companies, has received help from the state-owned KfW development bank and other banks to help protect its exposure to subprime mortgage securities.
The bank said it earned 12 million euros ($17 million) in the April-June period, 66.7 percent less than during the same period last year. It reported a widening loss from financial instruments 43 million euros ($60.8 million), compared with 6 million euros in last year’s first quarter which ‘can be primarily attributed to the widening of credit spreads.’ Read more
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