Economic News
Woah. Talk about a meltdown! Recent reports reveal that residential real estate sales are down drastically as are housing values in Myrtle Beach, South...
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Woah. Talk about a meltdown! Recent reports reveal that residential real estate sales are down drastically as are housing values in Myrtle Beach, South...
Twitter as a monitor Three researchers at the University of Texas at Austin have developed a new (albeit uberly complex) tool that uses Twitter...
Australian homes getting bigger After many years in the lead, America is no longer the land of the world’s largest homes, the title now...
Moving quickly In the past, Mexican pension funds have not been allowed to be used for real estate investing but a recent banking regulatory...
Dubai could change the face of real estate Anyone following the world market knows that Dubai is in the middle of a meltdown and...
Let it be written, let it be done This morning, President Obama will be giving a speech directed at the banking industry and many...
Fannie, Freddie and refis, oh my This past week revealed new loan applications at a volume unmatched in 12 years while the number of...
New Construction Stats October’s new home sales stats are in and the 6.2% rise in sales easily beat speculators’ estimates after a rough year...
General Motors and Homeowners… Bankruptcy filings spiked 33% in the third quarter and in 2009, filings are up 35% over 2008. This marks the...
Dropping rates It is reported today that last week’s 30-year mortgage rates dropped to 4.78%, matching the record low which was set in April...
Jobs, shopping and real estate Consumer spending in the U.S. rose in October while new claims for jobless benefits dropped last week (according to...
Canadians Investing in America, eh? With news that month over month, home prices in Canada as a whole are up 1.3% and all cities...
Freddie Mac’s portfolio changes Today, Freddie Mac reported its total portfolio increased at an annualized rate of 0.7 percent in October compared to 0.8...
New York Court enforces eminent domain ruling Today, New York State’s Court of Appeals ruled in favor of the state in the eminent domain...
Beware of hot strangers on Facebook Recently, despite rarely friending strangers on Facebook, University of Wisconsin-La Crosse student Adam Bauer accepted a friend request...
Today, Twitter announces that they will begin charging companies for use of the Twitter platform providing them with a “special layer of access,” says...
S&P Case-Shiller Home Price Index Despite today’s S&P Case-Shiller home price index report showed home prices at 9% lower than last year, the third...
NY mall becomes scene of arrest for record exec Kiddo singing sensation, Justin Bieber was set to sign copies of his new album in...
Lending plummets The Mortgage Brokers Association just released their multifamily lending report, revealing that the dollar amount decreased between 2007 to 2008, plummeting to...
A 16% recovery after 2010 With the commercial real estate sector being among the hardest hit this year with tighter lending and rising vacancy...
Existing home sales surge Following the upward trend since spring of this year, existing home sales surged this October by 10% as 6.1 million...
Google Chrome beefing up It was announced today that growingly popular web browser, Google Chrome will allow developers to build extensions and upload them...
Real Estate Affordability For the third quarter in a row, housing affordability nationwide is at its highest level in nearly 20 years, with 70.1%...
Everything has slowed Residential housing building permits authorized are down nearly 25% down from October 2008 while housing starts were down 30.7% from October...
Record high delinquencies and foreclosures This past quarter has been a record breaking time in American history as the Mortgage Bankers Association reports that...