Mortgages and Loans help
“Our current overhead levels are structured for a business that is larger than the market presently allows”
Jacksonville Business Journal – 2:01 PM EDT Wednesday, May 30, 2007 The slowdown in the housing market is taking another bite out of Pulte Homes Inc.’s local work force. via Jacksonville Business Journal
“It filled a great need. We raise funds from the grass roots and closely watch what we spend”
There’s always a place to sit, no matter how many people crowd around Rose Tourje’s conference table. via Los Angeles Times
NAR reported that existing home inventories are at record levels today. To put these numbers into perspective, here are the year-end inventory and months of sales numbers, since 1982 . via Calculated Risk
“At one end, high interest rates are deterring would be investors from entering the property market”
The cost of renting a house has soared in all capital cities, except Darwin. The Australian Property Monitors Group says rents for houses has risen by up to 15 per cent in the past year. via Australian Broadcasting Corporation
The rate of increase in U.S. home prices remained slow in the first quarter of the year, marking the slowest growth pace in a decade and extending a trend that began last yea.
Figures released Thursday by the Office of Federal Housing Enterprise Oversight, the agency that oversees the big mortgage-finance companies Fannie Mae and Freddie Mac, provided the latest indication of a modulated slowdown in the once-sizzling housing market.
Average home prices edged up 0.5 percent in the January-March period, compared with 2.2 percent in the first quarter of 2006, the report showed. House prices were 4.3 percent higher in the first quarter of this year than they were in the same quarter of 2006. Read more
Freddie Mac, the government-backed mortgage lender, reported mortgage rates mostly rose this week on news of increased durable goods orders.
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Shares of most mortgage lenders fell modestly Thursday after an industry group reported fewer people applied for home loans last week.
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Mortgage rates increased this week due to strong consumer and business spending, according to Freddie Mac.
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A generation ago, a mortgage was still a simple contract negotiated face-to-face between a borrower and a local bank manager. But the business of home lending has changed dramatically.
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WASHINGTON – A federal class-action suit is focusing fresh attention on an issue important to homeowners nationwide: Who – or what – tells you how much your property is worth? Is it a human being? A … via Chicago Tribune