Costs Hang Over Construction Industry
Jonathan Drill is paying more for steel and concrete for the offices and warehouses he builds, and his clients – and their tenants and customers – are facing higher bills as well.
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Home sales slip in Cedar Rapids, Iowa City "Yes, fewer homes were sold in 2007 than 2006, but everything is relative" A "for sale" sign is displayed in the front yard of a home in North Liberty
Mortgage lending lift in January (BBC News) Gross mortgage lending rose in January despite unsettled market conditions, industry figures show.read more...
Federal Judge Rejects Homeowners' Lawsuit Against Major Mortgage Registry (Law.com) A federal judge has dismissed a proposed class action lawsuit filed by homeowners who cast doubt on the legitimacy of the nation's leading mortgage registration firm to represent lenders in
Dover Mortgage appoints new president (BizJournals) FNB United Corp. has appointed Harvey Goldberg as president of its Dover Mortgage Co. subsidiary, the company has announced.read more...
Annual inflation rises to 3.8% in April Consumer prices in April, as measured by the CPI, increased by 0.8% in the month.read more...
Fremont General quits high-risk mortgage biz: Mass. activists hail decision (Boston Herald) One of the Bay State housing market's most aggressive subprime-mortgage lenders is quitting the business - prompting cheers from activists. "We don't need companies like Fremont General,"...read more...
February 28th, 2006
February 28th, 2006
Winfield eliminates contractor license requirement
If you are thinking of building in Winfield, here’s something you need to know. The Winfield Town Council adopted an amendment last week that says contractors do not have to be licensed by Lake County.
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February 28th, 2006
Existing Home Sales Down
Sales of existing U.S. homes were down in January while home prices continued to appreciate at double-digit rates.
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February 28th, 2006
Existing Home Sales Fall for Fifth Month
Sales of existing homes fell for a fifth consecutive month in January as the once-sizzling housing market cooled further.
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February 28th, 2006
Rebounding economy might lead Fed to bump rates
WASHINGTON The economy ended 2005 like a lamb and is roaring back like a lion, a resounding rebound that economists say will lead the Federal Reserve to raise in terest rates in the months ahead.
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February 28th, 2006
Home sales fall sharply in January
The number of single-family homes sold in Massachusetts fell 21 percent in January, the largest annual decrease in monthly home sales since April 1995, and another sign that the once red-hot local real estate …
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February 28th, 2006
Bay Area Residents Transformed Into Lawmakers
Three Bay Area residents will have the opportunity to introduce their ideas for new state legislation after being chosen as the winners of the fifth-annual “There Oughta be a Law” contest.
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February 28th, 2006
Weak home sales, flat prices brace consumers
The housing market fell further in January as existing home sales dropped to the lowest level in two years and prices stagnated, undermining a critical source of strength for consumers.
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February 28th, 2006
Economic data, Google sink stocks
Feb. 28 – The Dow slipped below 11,000 after several economic reports and a warning from Google. Reports on GDP, existing home sales and consumer confidence and cautious comments from Google fueled concerns …
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February 28th, 2006
Short-term mortgage rates rise (CBC)
Rates on shorter-term mortgages at Royal Bank climbed on Tuesday as it boosted borrowing costs by as much as one-fifth of a percentage point. The bank ( TSX:RY ) raised its six-month open mortgage by 0.2 of a percentage point to 7.85 per cent, while a three-year closed mortgage now carries an interest rate of 6.2 per cent, up by 0.10 of a percentage point.
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