Sales Rise, but So Does Supply
Existing-home sales climbed in July, rising more than expected, but inventories expanded and prices kept dropping. The median home price was $212,400 in July, down 7.1% from a year earlier.
read more…
Mortgage applications jump as refis surge (MSNBC) Applications for U.S. home mortgages increased last week, boosted by record setting purchasing and surging refinancing activity even as mortgage rates rose, an industry group said on Wednesday.via
Home-building project channels grief into action April 29, about two dozen grieving people will have the chance to honor the memory of their deceased loved ones by spending the day helping to build a home for
Check out your contractors' credentials before starting work Many of my readers learn too late of complaints about companies they've hired, especially in the area of home remodeling and repair.read more...
Beijing involved in land 'bubble' China is in the grips of a rapidly expanding property bubble. Prices are up 12.5 percent in the first quarter compared with a year earlier.via
Mortgage broker charged with fraud in subprime mortgages (Boston Globe) A Boston mortgage broker has pleaded innocent to a 21-count indictment accusing her of fraudulently arranging subprime mortgages in the Dorchester neighborhood.read more...
Impac Mortgage cuts dividend Impac Mortgage Holdings Inc. said Sept. 27 that its board approved a cash dividend of 45 cents per share.read more...