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10/26/2006 Mortgage rates rise after Fed meeting
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Mortgage rates edged up this week after the Federal Reserve decided it would not cut its key interest rate in the face of inflation worries, according to surveys conducted by Freddie Mac and Bankrate.com.
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10/26/2006 Slowdown in title business hurts Fidelity's earnings
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Fidelity National Financial saw third-quarter profits fall by 40 percent to $127.6 million, despite laying off 650 workers in its title division and revenue growth in its information services division.
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10/26/2006 New-home sales, prices drop in September
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The median price of new houses sold in September dropped 9.7 percent and the sales rate fell about 14.2 percent compared to September 2005, the U.S. Census Bureau and Department of Housing and Urban Development reported today.
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10/26/2006 American Home boosts profits amid rising delinquencies
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American Home Mortgage Investment Corp. -- a mortgage real estate investment trust that originates its own loans -- said third-quarter profits were up 35 percent from the same quarter last year, to $72 million.
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10/26/2006 Inflation puts drag on hiring
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A key indicator that measures job offerings in major U.S. newspapers held steady in September, as inflation worries impacted hiring plans, The Conference Board reported today.
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10/26/2006 Overnight real estate rates steady
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Long-term mortgage interest rates were flat Wednesday, and the benchmark 10-year Treasury bond yield dropped to 4.76 percent.
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10/26/2006 Zillow gives away content
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Zillow announced today that other Web sites can now recreate the company's functionality on their domain so that real estate agents, for example, could include detailed information from Zillow's database of 68 million homes on their own Web sites.
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10/26/2006 Second-home owners may focus less on primary residences
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Those who own second homes are more likely to reduce spending on their primary residence relative to their income than those who do not own second homes, according to a study by Harvard University's Joint Center for Housing Studies.
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10/26/2006 With Residential Home Sales Correcting, Builders Look to Growing Multifamily Market
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With the residential single-family home market correcting itself and affordability for most prospective buyers on the decline, real estate consumers are putting their dreams of homeownership or a vacation home on hold, prompting the demand for rental property to rise. For builders, rising occupancy rates and monthly rents, and increased traffic at all classes of rental apartments are all signals that multifamily is hot and will be for some time to come.
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10/26/2006 The More Things Change, the More They Remain the Same
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The Urban Land Institute sent me its Emerging Trends report for 2007 last week, and three words immediately caught my eye: "Nothing lasts forever."
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