Lower prices lift resales
“One month does not make a trend”
The ailing housing market showed a glimmer of life last month with existing home sales in all but one West Valley community posting year-over-year gains. via Daily News Sun
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Countrywide says mortgage loans rose in July (Reuters via Yahoo! News) Countrywide Financial Corp , the largest U.S. mortgage lender, on Tuesday said July mortgage loan fundings rose from a year earlier.read more...
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Tiptoeing around the question of a bubble in real estate Just about everybody has taken to using the word "bubble" when talking about the housing market.read more...
Merrill Lynch, Other Firms Abandon Predictions U.S. Treasuries Will Rally Wall Street's bond bulls are in retreat as higher interest rates and faster inflation leave U.S. Treasury investors with the smallest returns in six years.read more...
FEMA May Help With Fire Costs LAKE WALES - The Federal Emergency Management Agency may pay part of the cost of fighting a 3,250-acre wildfire east of Lake Wales that destroyed more than 300 hunting camps
Mortgage crunch has even wealthy buyers scrambling for credit (San Francisco Chronicle) Mortgage woes have moved upstream, landing even in tony neighborhoods. The credit crunch now is hitting home buyers from all walks of life, not just subprime borrowers with poor credit.
May 15th, 2008
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