Buyer's in California Become Skeptical as Home Sales Drop
The home sales in California fell to the lowest level in that month in 8 years.
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Home Prices in London Driven up by Wealth Boom
The city of London, England is now the most expensive place in the world to own a home.
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Money Saving Tax Tips
Now is the time to make the time in-between those holiday get-togethers to review your finances and examine
your tax liability before year-end while there is still some time to save money.
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Housing Issues Should Play a Big Role in Presidential Race
The upcoming presidential election in November of 2008 could very well put a new spin on the housing slump. This in light of Federal Reserve
Board chairman, Ben Bernanke's recent comments stating that thing will more than likely get worse before they improve.
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Bernanake to Congress: Stay Out of Current Mortgage Crisis
The Chair of the Federal Reserve Board, Ben Nernanke asked Congress to limit its responses to
the mortgage crisis, stating the federal agencies are handling it.
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Federal Reserve Board's Half-Point Cut to Help Home Buyers
The Federal Reserve Board trimmed a 1/2 percentage point off of the federal funds rate, lowering it from 5.25% to 4.75%.
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Top Cities with Traffic That Will Drive You Insane
You are right! Traffic is really as bad as you think.
The nation's drivers spent a total of 4.2 billion hours battling in traffic jams in 2005, according
to the Texas Traffic Institute urban mobility report released this week.
San Diego tops the list.
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Mortgage Applications Increase for Third Straight Week
Last week, mortgage applications rose 2.4% on a seasonally adjusted basis up to an index level of 673.2. Information
obtained from the Mortgage Bankers Association's weekly survey.
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Former Fed Chief: Greenspan- Drop in Home Prices May Cause Recession
Alan Greenspan informed Reuters this week that the possibility of a big drop in home prices poses the greatest
threat of pushing the country into a recession.
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Federal Reserve Expected to Cut Rates Tuesday
Many US economists believe that the Federal Reserve Board will cut the federal funds rate for the first time in more than four years at its meeting on Tuesday, September 18, 2007. Some economists are
anticipating a .025% point cut, while others expect to see as much as a .050% point cut.
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New Tighter Mortgage Rules Prevent Keep Some Buyers out of Market
Would-be
home buyers need to think about their credit scores long before they apply for a mortgage.
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Holiday Week Brings a Rise in Mortgage Applications
According to the Mortgage Bankers Association's weekly survey, and on a seasonally adjusted basis, mortgage
applications increased 5.5% last week, despite a shorter Labor Day holiday workweek.
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Economists Say Odds of Recession are Increasing
According to a Wall Street journal Poll, economists are currently predicting that the country is
at a 36% risk of a recession. This forecast is up from 28% just one month ago.
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Home Builders begin to Downsize New Homes
In the first quarter of this year, the average size of a new home hit a near record size of 2,302 square feet. Many
industry observers think that a broader decline in square footage size is likely.
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Fewer Number of Homes Considered Overvalued
The real estate forecasting firm Global Insight reports that the nation's housing market continues to show a decline in home price overvaluation. Home
prices are up just 2.6% year over year, showing the weakest gain since 1995.
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Design Flow; Don't Underestimate its Importance in a Home
An architect and director of design for Toll Brothers, Inc., Lee Golanski states that the flow of a home is a crucial
element to be considered for anyone remodeling or buying a home. To ensure great flow to a home, follow his pointers
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Expert Predicts Massive Layoffs in Mortgage Industry
Josh Rosner, managing directors with the New York investment research firm of Graham Fisher & Co. predicts that as
many as 20% of the country's real estate loan officers will soon lose their jobs.
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FHA gives Real Estate Practitioners Chance to Help Past Clients
Real estate practitioners that have previous clients who opted for a risky subprime mortgage on their
home purchase have a good reason to contact them.
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Federal Reserve has the Power to end Housing Slump
An influential economist is urging the Federal Reserve Board to cut interest rates swiftly and preemptively.
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Mortgage Application Activity Climbing Out of August Slump
Applications for new mortgages showed an increase last week, following a three-week slump, according to the
weekly survey conducted by the Mortgage Bankers Association.
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Congress Ready to Tackle Mortgage Crisis
As Congress prepares to reconvene, they will find the current mortgage crisis one of their top priorities.
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Money Tips for First-time Home Buyers
The lending environment of today is far different from that of the past. Here are a few tips that can help first
time buyers qualify for the purchase of the home of your dreams.
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Rates on 30-Year Mortgages Hit 3-Month Low
Being currently faced with a tough lending climate, home buyers received much-needed relief this week when
borrowing costs on home mortgages dipped to their lowest level in three months.
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Why did Prices on Housing Start to fall?
U.S. home prices as far back as the 1970's have been able to be clearly gauged; however the current pricing
decline appears to be exceeding any pricing drop since the great depression.
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