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Watch out for inflated home appraisals  NEW YORK - Homebuyers beware - real estate prices are on the rise, but less-than-honest home appraisers may be further inflating property values.via


Deep Roots With a Global Reach    For 62 of her 64 years, Ann Cochran has lived on Roanoke Street in the West Hyattsville subdivision of Green Meadows. read more...


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Committee tries incentives to boost home construction  Members of Dyersburg's Water and Sewer Committee voted Wednesday to take a novel approach to utility expansion that could boost residential construction inside the city limits.via


U.K. Mortgage Approvals Reach Highest in 10 Months (Update1) (Bloomberg.com)  U.K. June 29 (Bloomberg) -- The number of home loans approved by U.K. mortgage lenders in May rose at the fastest pace in 10 months, suggesting the $5.5 trillion housing

January 31st, 2008

Financial Turmoil Likely to Continue

“The prices for lesser-grade borrowers has widened rather significantly”

As bad news about the financial system piles up, trust the pillar of investing is being buried.

The most recent fears are tied to the potential failure of bond insurers, the companies that back the funding for hospitals, schools and other public works. A meltdown there could deliver another devastating blow to battered banks and force higher taxes on homeowners.

That has made it difficult for the Federal Reserve even with its aggressive rate cuts recently to restore confidence and quash the volatility and uncertainty. Read more



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