D.M.-area home sales down 9%, data show Home sales in the Des Moines metro area fell nearly 9 percent in October, but the average sale price was up slightly compared with a year earlier, information from the
Marketplace: Mortgage defaults fewer here (The Columbian) With all the negative news nationally about rising interest rates and the cooling housing market, you might think more Clark County homeowners would be struggling to make mortgage payments.read more...
Inflation fears up with mortgage rates (Contra Costa Times) Rates on 30-year mortgages rose this week to the highest level in 21/2 years as financial markets began to worry more about inflation. Mortgage giant Freddie Mac reported Thursday that
Making Your Home Green Now Easier Than Ever As with all trends today, the Internet has proved an invaluable asset to the eco-friendly boom of green housing in the United States.read more...
Mortgage insurance act has received little fanfare (BizJournals) Local mortgage bankers and finance providers expect a new provision allowing mortgage insurance to be tax deductible will reduce the number of combination loans and even allow some would-be renters
Daily briefing Newspapers in Edu. Order Page Re-prints Help Desk Shopping Special Reports Sponsored Sections Mtn.read more...
“Americans are not as wealthy as they thought they were, and that’s going to factor into consumer spending going forward, but it doesn’t cause a recession because consumers all realize their lack of wealth at different points in time”
The U.S. economy will suffer as the slumping housing market eats away at job creation and consumer spending, but the nation should avoid slipping into a recession this year, according to a new economic report.
A recession could still happen though, if the credit crisis that has stifled the housing market deepens, preventing consumers from buying big-ticket items like cars and businesses from spending on equipment, according to the quarterly Anderson Forecast by the University of California at Los Angeles. Read more
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