Mortgage News Daily
Existing Home Sales Were Down 2.6 Percent In April
On Thursday the Census Bureau and the Department of Housing and Urban
Development released figures for new
home sales in April that showed a big increase in sales and a drop in
both median and a...
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New Home Sales Jump In April
According to figures released on Thursday by the Department of Housing
and Urban Development and the U.S. Census Bureau, new house
sales in April showed the first improvement of the year, and a
...
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Mortgage Rates Move Up On Inflation Worries
According to Frank Nothaft, vice present and chief
economist of Freddie Mac, "Mortgage rates inched up this week following
the Federal Open Market Committee statement reiterating that the
predom...
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Virgin Acquires Majority Stake In Family-Centered Mortgage Company
Never underestimate Sir Richard Branson.
The mega-millionaire Brit has been an innovator from the beginning of
his career and now it is hard to remember exactly when and where that
started becaus...
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Home Builder Confidence Is Down And Permitting Appears To Reflect It
NAHB's chief economist David Seiders said, "The pattern of building
permits clearly shows that the dramatic downward
correction in housing production still is underway. Home buyer
demand has been s...
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NAR Counterpunches After 60 Minute Segment on Discount Agents
It didn't take the National Association of Realtors
(NAR) long to come out swinging at CBS after the network
aired a report on discount real estate brokers. The report, anchored by
Leslie Stahl ...
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Second Life Businesses Can Rake In Some Surprising Profits and Participants
But a big part of the Second Life economy is virtual real
estate and besides entrepreneurship many factors motivate
residents to purchase property. People want privacy in their second life,
they...
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Mortgage Rates Remain Relatively Stable, Again
"Low employment growth in April - the slowest pace since November
2004 - and downward revisions to both February and March job growth
tempered market concerns of future increases in the rate of in...
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Is Virtual Real Estate More Than An Oxymoron?
How can something that is virtual be real? Over 6 million
people apparently find no problem with the concept as they
socialize, create, build, and become willing advertising test dummies in
a no...
www.mortgagenewsdaily.com
One Persons Stigma Could Be Anothers Selling Point
Every so often a house comes on the market that is said to be
stigmatized. Most of the time the stigma is in the mind
of one or two buyers, but sometimes it will be a serious issue for
multiple ...
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