| • |
01/31/2008 REBNY reports rising residential prices in New York
|
|
The median price of New York City condominiums, cooperatives and one- to three-family dwellings rose 19.2 percent -- from $449,000 in 2006 to $535,000 in 2007 -- while the median price in Manhattan rose 11.4 percent, the Real Estate Board of New York reported today.
|
|
|
| • |
01/31/2008 Losses on mortgage, debt securities could top $265 billion
|
|
Losses on complex securities backed by mortgages will eventually exceed $265 billion, with losses spreading from Wall Street investment firms to regional banks, credit unions and Fannie Mae and Freddie Mac, Standard & Poor's Ratings Services said in a report.
|
|
|
| • |
01/31/2008 Middle-income households still struggle with affordable housing
|
|
Affordable homes will continue to remain out of reach for middle-income households in some cities, even as home prices are falling at the national level, according to a study of select metropolitan areas released today.
|
|
|
| • |
01/31/2008 California housing starts hit 25-year low in 2007
|
|
New-home construction in California dropped off dramatically in 2007, with single-family building permits falling 37.1 percent compared to 2006.
|
|
|
| • |
01/31/2008 Employment indicator eases national recession worries
|
|
A key economic indicator measuring the volume of job ads in major U.S. newspapers rose one point in December, adding fuel to the belief that the economy will not enter a nationwide recession, The Conference Board reported today.
|
|
|
| • |
01/31/2008 Mortgage rates rebound this week
|
|
Mortgage rates climbed this week after falling for five straight weeks as concerns over cheap money's effect on inflation pushed investors to put their money into stocks, Freddie Mac reported today.
|
|
|
| • |
01/31/2008 Nightly real estate rates up again
|
|
Long-term mortgage interest rates continued higher Wednesday, and the
benchmark 10-year Treasury bond yield dipped to 3.67 percent.
|
|
|
| • |
01/31/2008 Senate committee OKs stimulus package
|
|
The Senate Finance Committee approved a proposed economic stimulus package Wednesday that would expand tax rebates in stimulus legislation approved by the House Tuesday but contains no provision for raising the conforming loan limit.
|
|
|
| • |
01/30/2008 New broker model: An alternative to the alternative
|
|
Take one traditional real estate brokerage model, turn it upside down, nix the usual discounted commissions or rebates that come with a so-called "alternative" brokerage and you have Sawbuck Realty.
|
|
|
| • |
01/30/2008 Fed slashes short-term rates again
|
|
In an indication that the Federal Reserve sees an increased risk of recession, a committee that sets monetary policy cut two key short-term interest rates today by half a percentage point.
|
