Citigroup To Deploy $36.5B Lending BoostCitigroup said it would spend $36.5 billion to issue mortgages, make credit card loans and buy distressed assets in the tight credit markets in the coming months.
Housing Resales Rose In SeptemberHome resales saw their highest monthly rise in five years in September, with the sales driven largely by bargain-basement prices on foreclosed homes.
Real EstateThe latest local housing sales figures from June actually show a positive change from May — July and August figures will show whether it’s really a trend or just a fluke. If the news is good, the local market will still have a ways to go to catch up with sales levels from a year ago.
Southridge Area Ready For Big BoomLooking out over bare land in Kennewick's Southridge area, Stacie Hamilton envisions her new home -- complete with a winery, tasting room and events venue.
Democrats Defeat GOP Plan On Mortgage Rates A plan by Republicans in the Senate aimed at pushing mortgage rates lower has gone down to defeat at the hands of Democrats. The plan by Nevada Republican John Ensign would have encouraged banks to issue mortgages with interest rates of 4 to 4.5 percent. The government-controlled mortgage giants Fannie Mae and Freddie Mac would have bought the mortgages on the secondary market. Jumbo loans would have been ineligible. Democrats killed the idea Thursday night by a 62-35 vote. The plan also contained an assortment of expensive tax cuts such as cutting the bottom 10 percent income tax rate in half for two years.
2008 Housing Sales To Decline 15%: ReMaxThe number of homes sold in 2008 in Canada is expected to total 440,000, a 15 per cent decrease from the previous year, ReMax said in its sales forecast Wednesday.
Geithner Plans To Unveil Bailout Plan Monday Treasury Secretary Timothy Geithner and other top officials are putting the finishing touches on a plan to overhaul the government's $700 billion financial rescue program. A Treasury official said Geithner will deliver a speech on Monday outlining the new plan. But Treasury officials would not comment on a report Thursday that the administration is considering proposing changes to the current accounting standard that require banks to carry assets such as mortgage-backed securities on their books at fair value, a process known as 'mark to market.'
Auckland House Sales, Prices Fell In JanuaryFeb. 4 - " Auckland property prices fell last month and the average price dropped from the same month of 2008, according to Barfoot & Thompson, the city's biggest real estate firm.
Complaints Against Real Estate Agents RiseComplaints against real estate agents and brokers are climbing in Ohio as a lackluster housing market leads to fewer sales and more frustration, state government figures showed.
Stocks Rise On Rebound In Home SalesEncouraging news on housing and corporate earnings helped Wall Street set aside some of its angst about the economy. Stocks turned moderately higher after fluctuating earlier.
U.S. Retail Sales Fell In AugustHigh energy prices, more job cuts and a slumping housing market all contributed to a rough August for retailers around the country. The U.S. Commerce Department reported a 0.3 percent drop in the nat...
County Housing Market StabilizingHome sales in Cowlitz County have continued to fall from the fast times of 2007, but the plunge from last year’s hot sales is evening out, according to Northwest Multiple Listing Service.Real es...
Benjamin Button's House For Sale In New Orleans Benjamin Button called it home in the movie _ now sellers are looking for someone to call it home in real life. The New Orleans house that was the setting for much of 'The Curious Case of Benjamin Button' is on the market. The 7,800-square foot Garden District mansion has a huge yard, six bedrooms, six bathrooms, a library, music room and reception hall. 'It's much nicer than what people saw in the movie,' said real estate agent Dorian Bennett. 'It's more like Tara than a home for old people.'
Housing Pain: Distress Sales DominateReal estate values around the nation have collapsed, and sales of foreclosed and "underwater" homes now dominate many housing markets, according to a report released Tuesday.
Stocks Rise Following Rebound In Home SalesAP - Encouraging news on housing and corporate earnings helped Wall Street set aside some of its angst about the economy Tuesday. Stocks turned moderately higher after fluctuating in the early going.
Housing Sales Fall Sharply In Canada: MLSThe number of homes sold through MLS dropped to 27,743 units in November - the lowest level recorded since January 2001, the Canadian Real Estate Association said Monday.
Obama: Salary Cap For Bailout Is 'common Sense'Here is the text of President Barack Obama's remarks on executive compensation, as prepared for delivery in the White House Grand Foyer, in remarks with Treasury Secretary Tim Geithner:A Thank you, Tim, for ...
Treasury Needs To Borrow $493B In Current QuarterThe Treasury Department said Monday it will need to borrow $493 billion in the first three months of this year, a record amount for the January-March period.The Treasury Department figure comes on top of $569 ...
Home-buyers Tax Cut Raises Cost Of Stimulus Bill Historically huge to begin with, economic stimulus legislation is growing larger by the day in the Senate, where the addition of a new tax break for homebuyers sent the price tag well past $900 billion. 'It is time to fix housing first,' Sen. Johnny Isakson, R-Ga., said Wednesday night as the Senate agreed without controversy to add the new tax break to the stimulus measure, at an estimated cost of nearly $19 billion. The tax break was the most notable attempt to date to add help for the crippled housing industry and gave Republicans a victory as they work to remake the legislation more to their liking.
Economy And Housing Sales Post DeclinesAP - The longest recession in a quarter century is snowballing, and some analysts warn that economic activity could plunge as much as 6 percent this quarter, which would be the largest decline since 1982.
Housing Market Mixed As Existing Home Sales Climb, Prices DipExisting U.S. home sales surprisingly increased by 6.3 percent in the month of December as potential buyers were attracted by the largest price drop in over 70 years as uncertainty and economic concerns increased, a report showed on Monday. - Mon, 26 Jan 2009 14:21:20 GMT
More Housing Aid Sought As Prices Sink FurtherAP - With nationwide sales of existing homes falling more than expected last month and the median sales price plunging to $183,000, the U.S. housing market keeps getting worse. Bracing for more bad news likely on the way, industry groups pressed President-elect Barack Obama to help stem the damage.
Study Finds Mortgage Bias ...Study Finds Mortgage Bias Tue, Feb 03, 2009. 09:37 AM A new statewide study says higher income African Americans in Ohio were more likely to be denied home morgages than lower income whites.
Court Papers Tell Of Teen's EscapeA teenager who says he was held captive in a suburban Tracy home for more than a year freed himself after finding a key to his shackles, according to recently unsealed search warrants which, for the first time, ...
Pending Home Sales Rise 7.4%It was an unexpected piece of positive news for the battered housing market, with sales picking up in places where housing prices have severely declined.
Banks: Federal Government Gives Mixed Message Banks that are being scolded by the government for not lending are blaming a new obstacle: The government itself. Fearing more bank failures, federal regulators are forcing institutions to hold more money in reserve and scrutinizing loans. But bank executives complain that the extra oversight thwarts their ability to quickly pump billions of bailout dollars into the ailing economy. Banks say they are caught in a frustrating Catch-22: How can they make more loans when creditworthy borrowers are scarce, their balance sheets are saddled with bad debt and regulators are hounding them to horde cash?
Home Sales Fell Sharply In NovemberThe plunging home sales and housing prices are the latest indication that America?s battered housing market will continue to struggle in the deteriorating economy.
Alexander Offers Housing Amendments To Stimulus PlanWASHINGTON - While Sen. Lamar Alexander believes any economic stimulus legislation should focus on housing, he said today he would support spending on construction projects that would immediately create jobs.
U.S. Home Sales, Prices Fall In AugustU.S. housing prices fell in August by the largest percentage on record, according to figures released Wednesday by the National Association of Realtors.
U.S. Needs Investment Plan For Bank SharesThe U.S. government has collected more than $271 million in dividends from ownership stakes in American banks and needs to develop an investment strategy for its holdings, a government watchdog said in a ...
County Housing Market StabilizingHome sales in Cowlitz County have continued to fall from the fast times of 2007, but the plunge from last year?s hot sales is evening out, according to Northwest Multiple Listing Service.
Housing Market Gets Even WeakerSales of existing homes fell in October, after a sharp increase in the previous month, as potential buyers remain sidelined by the weak economy.
| 
