Flippers fuel foreclosures
August 31, 2007
Flippers and other speculators investing in single-family homes helped drive up prices in many hot housing markets during the boom. Now they’re contributing heavily to mortgage delinquencies in several of those markets.
Home Price Appreciation Slowing But Has Not Stopped
August 31, 2007
The OFHEO House Price Index (HPI) usually doesn’t get
too much attention (except here where we regard it as the best, or at
least the most interesting of the periodic housing indicators) but this
time around people began anticipating it days before it was actually
issued and there was speculation that it would be the harbinger of really
bad news to come.
Market Overview August 17, 2007
August 31, 2007
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Dr. Peter Grant Haven of Hope Officially Opens
August 30, 2007
WELLAND, Ontario, August 30, 2007 — Canada’s New Government, the Government of Ontario, Niagara Region, the City of Welland and Niagara Regional Housing held a ribbon-cutting ceremony today to mark the official opening of a new affordable housing development in Welland. The Dr. Peter Grant Haven of Hope, named in memory of a St. Catharines psychiatrist, provides 28 …
Tips to avoid foreclosure
August 30, 2007
Homeowners who find themselves in a situation where they may eventually be facing foreclosure need to act fast. There are a few options that, if done soon enough in the process, can save a person money and most importantly their credit.
Home Builders: Credit Crunch Is Hurting Business
August 30, 2007
Two executives from the National Association of Home
Builders held a teleconference on the “credit
crunch” on Tuesday. The one hour conference was hosted by Jerry Howard,
CEO of NAHB and David Seiders, Chief Economist.
Sell and Buy Online Network. Sell and Buy Real Estate, Job seach and Job Posting, Sell and Buy Cars, Sell and Buy Boats, Sell and Buy RV’s and Motorhomes, Online Dating and More!
August 30, 2007
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Boating in the northwest with Rangerrob
August 29, 2007
Pacific Northwest, Canada boating Rangerrob’s Outdoor Website Links Links to outdoor products, services and information center. Gamebirds and Gamebird Breeders Online. Welcome to Gamebirds and Gamebird Breeder Online Resource Directory. […]
Mortgage Rates Decline but One Year ARM Rates Go Off the Chart
August 29, 2007
Mortgage rates in general took a fairly substantial dive during the
previous week with longer term rates dropping double digits in most cases
and some rates returning to mid-2006 levels. However, the Mortgage
Bankers Association reported a spectacular increase in
the interest rate of the one-year adjustable rate mortgage (ARM).
Mortgage Applications See Decline
August 29, 2007
The Mortgage Bankers Association announced this morning that applications for mortgage loans slipped 4 percent last week when compared to the week prior. Quicken Loans Chief Economist Bob Walters says that applications have been negatively impacted by the recent tightening of credit.
Heritage House Celebrates Official Start of Construction
August 29, 2007
WEST LORNE, Ontario, August 29, 2007 — Canada’s New Government, the Government of Ontario and the Municipality of West Elgin held a sod-turning ceremony today to mark the official start of the construction of Heritage House, which will provide 16 new units of supportive affordable housing for seniors and single persons.
New Affordable Housing Projects Open in Hamilton
August 29, 2007
HAMILTON, Ontario, August 29, 2007 — Canada’s New Government, the Government of Ontario and the City of Hamilton held a ribbon-cutting ceremony today to mark the official opening of St. Elizabeth Home Society, an affordable housing project that provides rental units for lower-income seniors under the Canada-Ontario Affordable Housing …
Canada Winter Games Legacy — Athletes’ Village Residences Now Home to Seniors, Students
August 29, 2007
WHITEHORSE,, August 28, 2007 — Minister of Community Services Glenn Hart officially transferred the two athletes’ village residences to Rudy Couture, chair of Yukon Housing Corporation’s board of directors, and Yukon College President Terry Weninger, in a ceremony today at Yukon College.
Lehman Brothers Shuts Down BNC Mortgage Cutting 1200 Jobs
August 29, 2007
The casualties continue to mount as Lehman Brothers announced today that it will be shutting down its subprime mortgage lending unit, BNC mortgage LLC. BNC was one of the top 20 subprime producers in 2006, originating over $14 Billion in loans. Read More Now
Affordable Homeownership Projects Open in Scarborough and Markham
August 28, 2007
SCARBOROUGH, Ontario, August 27, 2007 — Canada’s New Government, the Government of Ontario, Home Ownership Alternatives Non-Profit Corporation and the non-profit development company Options for Homes celebrated the successful completion of an affordable homeownership pilot project that creates 382 affordable condominium units for sale to low-to-moderate income households in need …
Existing Home Sales Essentially Unchanged In July
August 28, 2007
The Times quoted Moody’s Economy.com, a research firm as predicting
that the national median home price will probably not return to its 2007
peak in inflation-adjusted dollars for more than a decade.
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August 28, 2007
Site critical of the Saddam regime. Includes general data on iraq, historical and geographical links, culture, and more. Terrorism Havens: iraq - Council on Foreign Relations […]
401(k)s for the Ages: Seeing Where You Stand
August 28, 2007
Have you ever wondered how your 401(k) nest egg compares with those of coworkers or neighbors your age? Here’s a sneak peek into what Americans have stashed away in their 401(k)’s and how they’ve invested their money, by age group. The numbers come from an analysis of some 20 million participants in nearly 54,000 employer-sponsored 401(k) plans done by the Employee Benefit Research Institute and the Investment Company Institute, as of the end of 2006.
More Safe, Quality and Affordable Housing Opens in Fredericton
August 27, 2007
FREDERICTON, New Brunswick, August 27, 2007 — Canada’s New Government and the Province of New Brunswick officially opened an affordable housing project in Fredericton today, funded under the Canada – New Brunswick Affordable Housing Agreement. The project created 50 new units, of which 44 are affordable housing units for non-elderly singles and persons with …
Existing Home Sales See Slight Decline
August 27, 2007
The National Association of Realtors announced today that total existing home sales decreased 0.2% in July. Bob Walters, chief economist for Quicken Loans, says the decrease in sales, along with the largest inventory of unsold homes in 16 years, shows the market is still struggling to find solid footing.