Canadian real estate sales sink Average home price posts biggest increase in 2 years Home prices in British Columbia climbed 20.1 percent in April from a year ago to $388,921, while sales dropped nearly 12
Work on Galway project stops Work has stopped on the redevelopment of Eyre Square in Galway. It is not known yet why the main contractor, Samuel Kingston Construction, has decided to move staff and equipment
Bond Insurer Plan Key to Market Calm "A lot of municipalities have good reason to go to market" If the struggling bond market is saved by a potential bailout, turbulence in the stock market could ease
Housing sellers expect stronger market in '08 "And next year we'll see some of the fundamentals in the market place are going to return and I think we're going to see a sound foundation built next year
King County takes big loss on mortgage investments (The Oregonian) The King County Investment Pool says it will get back only $62 million of the $100 million it put into two mortgage-backed investments that defaulted.read more...
National City's Q1 profit suffers on mortgage losses (St. Louis Business Journal) A "difficult environment" for its mortgage operations took National City Corp.'s earnings below analysts' expectations for the first quarter, the bank reported Monday.read more...
NEW YORK (Thomson Financial) – Lehman Brothers Monday downgraded the mortgage finance sector to negative from neutral, saying the worst hasn’t been fully priced in by the markets.
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