Borrowers forced to dig deeper THE Reserve Bank has raised interest rates by 25 basis points, adding $35 to the average mortgage repayment in a move economists have said will "hurt families", but which the
Social upheaval has factored into economic expansion (Reg Req'd) One of his first memories is recorded in a scrapbook picture. The boy, nearly 7, is barely tall enough for his chin to touch the bar.read more...
Booking Bets on Hotel Luxury Defying skeptics who warned that the market already was oversupplied, Horst Schulze recently opened an ultraluxury hotel in Düsseldorf, Germany. Confident that the global boom in luxury hotels will continue,
State's housing industry to feel Katrina's effects (Reg Req'd) A price increase on building materials will cost California homebuilders and homebuyers more, economists say.read more...
Sales of New Homes Inched Higher in March Last month saw a 2.6% increase thanks in part to warmer weather in the Northeast and the Midwest, the Commerce Department reports.
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Cma, Maersk Eye US$827 MLN Port Project West of Jakarta France's Compagnie Maritime d'Affretement and Denmark's Maersk Line have indicated interest in building US$827 million international port project in Bojonegara, Banten, around 60 kilometers west of Jakarta.via
Susan Wachter, professor of financial management and real estate at the University of Pennsylvania’s Wharton School of Business, gives a history lesson in the mortgage industry ? this week’s stars are “Fannie,” “Freddie” and “Indy.”
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