Archive for December, 2009
Business Digest: Homeownership rate expected to drop
REAL ESTATE The rate of homeownership in the United States may fall in coming years as households rebuild equity wiped out by the worst slump since the Great Depression, according to a study by economists at the Federal Reserve Bank of New York.
30-year interest rates rise for second consecutive week
Mortgage rates rose for the second consecutive week, but the number of homeowners who applied for refinancing remained strong.
Ginnie Mae's growth gives fuel to risky lenders
The trouble signs surrounding Lend America had been building for years. A top executive was convicted of mortgage fraud but still helped run the company.
Fannie, Freddie prove too big for government to shirk
The government’s Christmas Eve pledge of unlimited financial aid to mortgage giants Fannie Mae and Freddie Mac is to make sure the housing market doesn’t deteriorate further, but it will cost taxpayers much more.
Agent or no agent? – mydigitalfc.com
Agent or no agent?mydigitalfc.com… and estimates that the number of for-sale-by-owner, or FSBO, homes was almost one in five three years ago, when it stopped tracking them. …
Home Prices in 20 U.S. Cities Rose for Fifth Consecutive Month in October
Home prices in 20 U.S. cities rose in October for a fifth consecutive month, putting the housing market and economy farther along the path to recovery.
Emerging Restaurant Chain Freshii Signs New Franchisees
Eight new Freshii restaurants planned for Chicago in 2010. — Chain Leader, 12/30/2009 7:40:00 AM PRESS RELEASE: Chicago, IL, December 28, 2009 – Freshii’s first master franchisee, David Grossman, has recently signed two new sub-franchise agreements for Chicago.
ZipRealty Breaks Down the Major Housing Stories of 2009 Foreclosures …
With banks controlling many home listings, fewer homes coming on the market, and government intervention, foreclosures played a large part in shaping the housing market this year — both good and bad.
Toronto firm buys into South Edmonton Common
Canadian Real Estate Investment Trust has acquired a 50-per-cent stake in a group of retail properties forming part of South Edmonton Common for $39.2 million, the Toronto-based property firm announced Wednesday.
Home Prices Rise Again in October
Home prices across the nation rose for the fifth month in a row in October, with Phoenix at the head of 10 other metro areas that saw gains.