May 30
Staunch advocate for renting over buying housing, NY Times reporter David Leonhardt renounces his stance and buys his first home; extensive analysis of renting versus buying.
May 30
If you have big dreams of living in your own paradise one day, a week spent vacationing here and there in your ideal locations will give you a good idea of what you might enjoy in the future as your home.
May 30
Inflation remains contained and personal spending
continued improving according to the latest report from the U.S. Commerce
Department on Friday. Economists said the Fed will be pleased to see that
consumers are holding in there despite weakness in the broader economy,
though in real terms the 0.2% gain in personal spending was flat.
May 30
The sharpest drop in housing prices in 50 years
poses a “significant” risk to the U.S. economy, but the Fed’s rate cuts
should be felt in the second half of the year, according to one Fed
official on Friday.
May 30
OTTAWA, Ontario, May 30, 2008 — Grants of up to $5,000 will be awarded to local housing teams that increase housing affordability and choice under the renewal of the Affordability and Choice Today (ACT) initiative, the Honourable Monte Solberg, Minister of Human Resources and Social Development and Minister responsible for Canada Mortgage and Housing Corporation (CMHC) announced today.
The …
May 30
Canadian Q1 and March GDP and core PCE in the U.S. will dominate the
economic news of the day as markets prepare for the final trading day of
May. In addition to comments from the Fed and Canadian finance ministers,
markets will also be paying attention to European Central Bankers on
Friday.
May 30
Speaking on ‘Money Markets and Financial Stability’ at the New York
Fed’s conference on money markets on Thursday night, Fed Vice-Chairman
Donald Kohn (voter) said it was unclear how much
strengthening of the U.S. financial regulatory system was needed, but
that the need for reforms was evident.
May 29
Preliminary U.S. GDP, jobless claims and comments from the Fed’s Ben
Bernanke, Donald Kohn and Timothy Geithner will highlight the North
American economic releases along with weekly oil inventories from the
Department of Energy and the first-quarter current account balance from
Canada.
May 29
Speaking in San Francisco on Thursday, Dallas Fed President Richard
Fisher said he expects “a change of course in monetary
policy to occur sooner rather than later, even in the face of an
anemic economic scenario.”
May 29
On Thursday morning, the Federal Reserve Bank of New York announced
its intentions to conclude arrangements for the financing of
JPMorgan’s acquisition of Bear Stearns by June 26 and
finish valuating the investment bank’s portfolio.
May 29
8 Thousand Dollars Free!!! - $230,000
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May 28
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May 28
Some weekly U.S. retail and mortgage data kicks off the day followed
by the release of durable goods orders and some Fed speakers. The
Canadian economic front looks light with some tourism reports from
Statistics Canada and a 23-year bond auction from the Bank of Canada.
Meanwhile, Europeans will be looking out for German CPI figures.
May 28
Weekly mortgage applications in the United States
fell in the week ending May 23, according to data from the Mortgage
Bankers’ Association (MBA) on Wednesday, which said applications declined
by 4.6% week-over-week.
May 28
Increased financial literacy from consumers would
have helped dampen some of the effects of the subprime housing
crisis, according to Robert K. Steel, U.S. undersecretary for
domestic finance, on Wednesday.
May 28
Long- and short-term interest rates
each moved slightly during the week ended May 22 on the basis of larger
economic news according to Freddie Mac’s Primary Mortgage Market
Survey.
May 28
The surprising 2.5% increase in April durable goods
excluding transport as well as the 4.2% advance in core capital goods
makes for a strong report that contrasts with the ISM manufacturing data,
economists say.
May 28
The Wall Street Journal is reporting that mortgage
lenders are facing an assault on yet another front as the
mortgage debacle rolls on.
May 28
The U.S. Department of Justice (DOJ) announced on Tuesday that it had
reached a proposed settlement with the National Association of Realtors
(NAR) to end a long-simmering dispute over the use of multiple
listings on the Internet.
May 28
Federal Governor Frederic S. Mishkin submitted his
resignation today to President George W. Bush. Mishkin will be
leaving his post on Aug. 31, 2008.