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UBS exposed to New Century subprime loans  Swiss bank UBS said it had exposure to troubled United States subprime lender New Century Financial, becoming the latest European bank to become embroiled in the U.S. mortgage market.Commentread more...


Habitat land sale article on TM warrant (Reg Req'd)  Two months from now, Town Meeting will decide whether a lot of land at 58 Glenrose Ave., donated by the Braintree Electric Light Department , should be sold to South


Report Finds Owners Curbing Home Improvement Spending  RAYMOND J. WIESE Small supply 'a benefit' By Aglaia Pikounis Homeowners have poured thousands of dollars in their homes updating kitchens and renovating bathrooms in recent years, but a new


Mortgage mess creates lending drought (AP via Yahoo! News)   Mortgage broker Ed Smith Jr. has been arranging home loans for 24 years and it's never been tougher for him to close a deal than during the past few


Harmonious colors, materials create rich look of kitchen makeover  The difference between a functional kitchen and an upscale kitchen might be the warming drawers or the prep sink or the German appliances.read more...


Real estate markets normalize as average time to sell climbs  Real estate markets normalize as average time to sell climbs 75% of survey respondents say houses take more than 30 days to sell According to a recent nationwide survey of

May 4th, 2008

The News Is Bad, Unless You’re A Buyer

“Despite speculation throughout the financial community that the Newhall Land and Farming Co.’s owner is on the verge of bankruptcy, officials with the Valencia builder remained tight-lipped this week.”

The Union Tribune reports from California. “Dragged down by declines in hiring and home-building, San Diego County’s economic outlook continued to plummet in Marchmarking the 23rd time in 24 months that the … via The Housing Bubble Blog



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