May 28
Minneapolis Fed President Gary Stern said on Wednesday that
inflation expectations will be determined by how the
Federal Reserve raises rates.
May 28
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 28
While the market is still showing signs of unsteadiness, Quicken Loans Chief Economist Bob Walters finds a silver lining in FHA loans.
May 28
LANGLEY, British Columbia, May 22, 2008 — Seniors in Langley now have access to 58 new affordable homes after federal, provincial and community partners celebrated the official opening today of Evergreen Timbers, a $17.2-million assisted living development.
May 28
OTTAWA, Ontario, May 22, 2008 — An estimated 1.5 million households in 10 major Canadian centres surveyed indicated they completed renovations last year that cost an average of more than $12,800, according to the Renovation and Home Purchase Survey released today by Canada Mortgage and Housing Corporation (CMHC).
May 28
EDMONTON, Alberta, May 20, 2008 — Community partners gathered in Edmonton today to celebrate the grand opening of Centre de santé Saint-Thomas Health Centre. This $25 million project will provide supportive housing and assisted living programs for seniors, as well as a primary health care centre offering health promotion, prevention, treatment and rehabilitation programs to the …
May 28
VANDERHOOF, British Columbia, May 21, 2008 — Seniors in Vanderhoof now have access to more affordable housing options with today’s opening of Riverside Place, a $4.1-million, 32-unit development offering assisted living apartments and the first Seniors’ Supportive Housing program apartments to open in the North.
“The Government of Canada is committed to making affordable …
May 28
KINGSTON, Ontario, May 22, 2008 — The Government of Canada, the Government of Ontario and the City of Kingston today celebrated more than $5.1 million in funding for affordable housing in Kingston. This funding will help create 73 new affordable rental units in two Kingston projects.
May 28
KITCHENER, Ontario, May 22, 2008 — Three new affordable housing projects in Waterloo Region, which will create a total of 166 affordable housing units under the Canada – Ontario Affordable Housing Program, were officially opened today by the Government of Canada, the Government of Ontario, and the Region of Waterloo.
May 27
The release of the Federal Open Market Committee’s (FOMC) March 31-
April 30 minutes show seven district banks had voted for no change in the
discount rate in an effort to slow inflation.
May 27
If you find that you’d save money in the first 5 years by taking a 5 year ARM instead of a 30 year fixed - and you believe the likelihood of you moving in five years is high - taking the ARM makes a great deal of financial sense.
May 27
Bob Walters, chief economist for Quicken Loans, says he is not surprised by the reports findings considering that credit remains extremely tight.
May 27
Mortgage rates are initially set by lenders at a starting point. The interest rate you get may not be the same. Find out what factors go into figuring out which mortgage rate lenders offer you.
May 27
The U.S. Census Bureau and the Department of Housing and Urban Development announced today that sales of new, single-family homes saw an increase.
May 27
In an interview with CNBC, Treasury Secretary Henry
Paulson said that the U.S. has been in a rough patch but is
coming closer to the end of the current credit crisis.
May 27
U.S. existing home sales, comments from Canadian Finance Minister Jim
Flaherty, and the release of the National Bank of Belgium’s business
confidence index for May are the highlights of Friday’s economic events
as the United States prepares for the Memorial Day weekend with early
closes in fixed income and equities.
May 27
CEP News) - U.S. existing home sales decreased to
4.89 million units in April following March’s revised sales figure of
4.94 million. This is the second month that home sales have remained
under the 5 million mark.
May 27
The S&P Case-Shiller home price index for Q1
continued to deteriorate with the 20-city composite index posting a
record annual decline of 14.1%. In March, the index also declined by an
annualized 14.4%. The Case-Shiller index has fallen every month since
peaking in July 2006.
May 27
New home sales in April rose for the first time in
five months, increasing 3.3% to 526k following a downward revision of the
March reading to 509k. The previous month’s reading was previously
reported as 526k, which was the lowest level since October 1991.
Economists had expected a reading of 523k.
May 27
Speaking in an interview with the Financial Times on Monday, former
Fed Chairman Alan Greenspan said the chance of a
recession in the United States was above 50% but that probability was
pulling back somewhat.