January 9, 2008
January 8, 2008
High Tech and High Comfort Are In
Forecasters also see growing interest in eco-friendly homes, while predicting that prices will continue to fall through 2008.
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Slowing Housing Market May Not Lead to Recession
Reasonably healthy job and income growth should dampen the effects of the housing downturn on the economy, Fed official says.
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Mortgage Applications Rise as Rates Fall
Refinances also up for the week as holiday season ends.
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Baltimore Sues Wells Fargo Over Foreclosures
City accuses lender of targeting black neighborhoods with more expensive, higher-rate mortgages.
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Salespeople Change Advice on Mortgage Providers
40 percent of agents promote in-house lender rather than beleaguered national companies, according to survey.
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Chicago Science Museum Plans "Green" House Exhibit
Demonstration will include a full-home automation system that can empower consumers while conserving resources.
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Existing-Home Sales to Hold Steady in Early 2008
NAR's latest forecast shows existing-home sales rising later this year and continuing to improve in 2009. Read other NAR forecasts for existing-home sales.
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10 Most Expensive Cities for Renters
New York leads the pack with average rents at $2,922. Find out what other cities made the list and the average rents in these high-priced rental areas.
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How to Recruit Gen Y Talent
Getting Generation Y's attention requires a different set of tools than it does to attract older workers.
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Mortgage Industry Lays Off 86,000 in 2007
"While more layoffs are anticipated for the mortgage sector during 2008, we expect the pace of job cuts to slow significantly," said the publisher of MortgageDaily.com.
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Paulson to Lenders: Help All ARM Borrowers
Treasury Secretary Henry Paulson urged the mortgage industry to expedite refinancing or freeze interest rates for all adjustable-rate mortgage holders.
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Holiday Break Causes Housing Inventories to Drop
The total listings of homes in 29 metropolitan areas at the end of December fell 7.1 percent from a month earlier.
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REAL ESTATE NEWS:
January 7, 2008
10 Ways to Give Your Web Site an Edge
Packing your Web site full of information that is well integrated and useful will help you stand out. Find out how to do it.
California Builders: The Worst is Over
"We believe that California has weathered the subprime storm of 2007 ... and that 2008 represents an opportunity to move forward," says the chief economist for the state's building association.
30-Year Mortgage Rates Slide
Spurred in part by unexpectedly weak economic data reports, borrowing costs on long- and short-term home loans dipped during the past week.
Rents Must Rise to get in Sync With Home Prices
An economist says that "rapid growth in rents" is crucial to justify the current level of home prices.
Top States for a Home Inspection
A new study looks at the best and worst places for a home inspection, taking into account testing requirements, standards of practice, and codes of ethics.
Michigan Foreclosures Begin to Fall
After foreclosures peaked in the third quarter of 2007, this hard-hit state's housing market is finally showing signs of improvement.