New England leads second home boom David Tesher and his wife, Anita, had a couple of goals as they were shopping for a vacation home.read more...
Sticker Shock In about six months, perhaps just after homebuilders in Chesterfield get over the sticker shock of a 35 percent increase in proffers, they face the possibility of another hike when
As more people go green, green goes mainstream The creamy swirled-glass light fixtures in David Mattern and Pam Wilder's remodeled basement are not environmentally sound in the traditional sense, unlike their cork floors and salvaged door.read more...
Stocks add to losses after housing data Stocks extended losses on Monday as a report showing a decline in existing home sales last month suggested the housing sector remained mired in a downturn. via Earth Times
Bankrate announces Internet-based acquisitions (Reg Req'd) Company acquires Interest.com, Fast Find Monday, November 21, 2005 Inman News Bankrate Inc.read more...
Steer clear of MTA option mortgages They're dangerous, says Dr. Don, and if it's the only way you can get that big a loan, you're buying too much house.read more...
Bank of America Corp. today said it could take a $3 billion pre-tax writedown in the fourth quarter because of the diminishing value of complex investments tied to subprime mortgages.
The Charlotte bank is the latest financial institution to disclose problems with so-called collateralized debt obligations, or CDOs, which are backed by pools of assets such as subprime mortgages to borrowers with spotty credit. These holdings have become difficult to value after defaults spiked with these loans, causing investors to shun CDOs. Read more
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