Day 30: Harper softens stance on deficits as markets plunge With a week to go before Canadians mark their "X" on their ballots, it was plummeting markets, the threat of a recession and Prime Minister Stephen Harper not ruling out
Stocks in U.S. Are Little Changed on Interest-Rate Concerns; Banks Decline U.S. stocks were little changed for a second day on concern the Federal Reserve will have to keep raising interest rates to cool the economy.read more...
Stocks Rally as The Fed Allays Investors' Fears NEW YORK | Wall Street bounded higher Wednesday after the Federal Reserve assuaged some of investors' fears about a sinking economy, stating that risks to the financial markets from the
Freddie Mac asking banks to return mortgage payments to Katrina victims (The Santa Rosa Press Democrat) In what may be a first for the U.S. housing market, banks are being encouraged to return the most recent mortgage loan payments from people displaced by Hurricane Katrina.read more...
Prudential California Realty, Real Estate Team Excels in San Diego... "There are buyers motivated to buy. I am currently working with about a dozen well-qualified buyers waiting for the right home to come on the market." Using their combined
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Allen County’s home construction rate plummeted nearly 53 percent last month from February 2007, according to the Home Builders Association of Fort Wayne.
Builders’ concerns about adding to their unsold inventory led the Home Builders Association to change its plans for the fall Parade of Homes, association president Matt Lancia said.
The association could not get enough commitments for the event, which needs at least six houses in a single subdivision. The association may replace the Parade of Homes with an event highlighting scattered homes instead, he said.
Last year’s Parade of Homes highlighted houses in the $300,000 to $500,000 price range. Some builders were concerned about their existing inventory and didn’t want to add to it with Parade homes, Lancia said.
“Builders are just more conservative and don’t want to take an unnecessary risk,” he said.
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