Types Of Bankruptcy

Building a Reputation  Two Polk County companies were featured in a recent ranking of largest contractors by Southeast Construction magazine.via


Mortgage Applications Fall as Rates Rise (Fox News)  Mortgage applications fell for a third consecutive week last week as interest rates on 30-year home loans climbed to the highest levels since late March, The Mortgage Bankers Association said


Re/Max Ceo Margaret Kelly Discusses Housing Market on Bloomberg Radio  She sees soft landing with slight decline, return to normal market Editor's Note: The following is a transcript from Bloomberg Radio's 'The Final Word' interview with RE/MAX CEO Margaret Kelly


Put a Lid on Rising Mortgage Payments (Ridgecrest Daily Independent)  (ARA) - Do you have a balloon mortgage that is coming due or an adjustable rate mortgage payment that has been steadily creeping up as interest rates change?read more...


Horse show feud sires clash of titans  Remember that old bit, Who's on First? Well, picture that. Then add egos, developers, captains of industry, the old guard, the new guard, horses, a century-old horse competition and a


Confused by all the Mortgage Options? Here's Help (Sleepy Eye Herald Dispatch)  (ARA) - Fixed rate. Adjustable rate. Interest Only. Flex. All of the different types of home loans that are available these days can puzzle many homebuyers. But, say mortgage experts,

January 24th, 2008

Single-Family Home Sales Plummet

Sales of existing homes fell in December, closing out a horrible year for housing in which sales of single-family homes plunged by the largest amount in 25 years. The median home price dropped for the entire year, the first time that has occurred in four decades.

The National Association of Realtors reported that sales of single-family homes and condominiums dropped by 2.2 percent in December to a seasonally adjusted annual rate of 4.89 million units.

For the year, sales of single-family homes were down by 13 percent, the biggest drop since a 17.7 percent plunge in 1982. The median price for a single-family home dropped 1.8 percent to $217,000. Read more



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