Archives » February, 2008

U.S. Home Prices Plunge at Record Rate in 2007

By REUTERS
Published: February 26, 2008
Filed at 9:39 a.m. ET
 

NEW YORK, Feb 26 (Reuters) - The collapse in U.S. home prices accelerated to a record pace in the fourth quarter of 2007, with prices plunging 8.9 percent last year, according to a national home price index released on Tuesday.
The quarterly drop […]

Read: U.S. Home Prices Plunge at Record Rate in 2007

US mortgage rates rose 1/8 pt on Friday

NEW YORK, Feb 22 (Reuters) - The average rate on a 30-year U.S. mortgage with no upfront points rose 1/8 percentage point on Friday to 6-1/2 percent, according to BestInfo Inc.
The 30-year mortgage rate with one upfront point increased 1/8 percentage point to 6-1/4 percent.
The 30-year mortgage rate with two upfront points […]

Read: US mortgage rates rose 1/8 pt on Friday

Expansion proposed for housing rebate program

 
The News-Press, FL
A proposed change to an affordable housing program could give households a $2,000-plus real estate rebate on a new home.
Moderate-, low- and very low-income families have been able to recoup as much as half the Lee County school impact fee when they purchase a new home. The Affordable Housing Committee will debate Friday […]

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Castro Circle Likely to Hold Power After His Resignation

By ANTHONY DePALMA and JAMES C. McKINLEY Jr.
Published: February 20, 2008
HAVANA — Fidel Castro said Tuesday he would step down as the president of Cuba after a long illness, opening the way for his brother Raúl Castro or another member of his inner circle to become Cuba’s president when Parliament chooses a new leader this […]

Read: Castro Circle Likely to Hold Power After His Resignation

Rates rise amid market turmoil

Mortgage rates rose during a week of turmoil in credit markets.
The benchmark 30-year fixed-rate mortgage rose 18 basis points, to 5.96 percent, according to the […]

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Mortgage Crisis Spreads Past Subprime Loans

Isaac Brekken for the New York Times
Brenda Harris is pictured at her home in North Las Vegas on Feb. 6.

 By VIKAS BAJAJ and LOUISE STORY
Published: February 12, 2008
The credit crisis is no longer just a subprime mortgage problem.
As home prices fall and banks tighten lending standards, people with good, or prime, […]

Read: Mortgage Crisis Spreads Past Subprime Loans

IAC: LendingTree losses justify spin-off

Wednesday, February 06, 2008
Inman News
Big write-downs at LendingTree helped drive a $369.9 million fourth-quarter loss at parent company IAC/InterActiveCorp, which said the mix of good news and bad news among the dozens of businesses under its umbrella justifies a plan to reorganize IAC into five independent companies.
Meanwhile, Bankrate Inc. said that although fourth-quarter results were […]

Read: IAC: LendingTree losses justify spin-off

How to tell if a listing is overpriced

New technology creates data that are tough to refute
Friday, February 01, 2008
By Bernice Ross
Inman News
Persuading sellers to be realistic is a consistent challenge for any real estate agent, especially in a slowing or a declining market. Recent technological innovations make this much easier than ever before.
In previous columns, I have discussed how to use […]

Read: How to tell if a listing is overpriced