A real estate lawyer on Thursday admitted that he had fraudently gained $20 million, which he used on such extravagances as a wedding and vacation homes.Bonds gain as housing market slumps CNN, 16 February 2007
Bond prices rose Friday after a government report showed a sharp slowdown in new home construction and a separate report indicated easing inflationary pressure.
Mortgage rates hold below 6% 16 February 2007
Most Hawaii banks remained below 6 percent in their 30-year fixed-rate mortgage quotes this week, the Honolulu Board of Realtors reported Friday.
Housing starts plunge CNN, 16 February 2007
Housing starts plunged in January to the slowest pace in more than nine years as the latest government reading on the battered housing market came in much weaker than forecasts.
Bernanke Rebuffs Frank on Rate Cut Washington Post, 16 February 2007
Federal Reserve Chairman Ben S. Bernanke yesterday rejected a Democratic lawmaker's suggestion that he consider cutting interest rates to bolster the economy.Mortgage funds appear to have solid foundations 16 February 2007
Wine lovers wax nostalgic about great vintage years. Who could forget the Chateau Oubliez of '56? What oenophile doesn't obsess over his bottle of 1983 Ide Fixe? Investment experts, though, tend to remember the awful years.
Mortgage funds appear to have solid foundations 16 February 2007
Wine lovers wax nostalgic about great vintage years. Who could forget the Chateau Oubliez of '56? What oenophile doesn't obsess over his bottle of 1983 Ide Fixe? Investment experts, though, tend to remember the awful years.
HAVENS Port St. Lucie, Fla.: Sun, Water and the Mets Put a ?Nowhere? on the Map New York Times, 16 February 2007
Once seen as a Florida noweheresville, Port St. Lucie, Fla., is now attracting retirees and second-home buyers, particularly from the Northeast.Housing boom hangover: Shoddy work CNN, 15 February 2007
Less than a year after moving into her new 2,100-square-foot house in Lenexa, Kans., Susan Sabin has strung up lemon lights in her front window.
Auto, real estate suffer -- as do small firms 15 February 2007
With the auto industry in freefall, it's no wonder home prices suffered more in Ohio and other midwestern states than most places, says this new trade group report. The impact on small business has been mixed in those same areas,...