Market/News Feeds
Inman NewsAriz. brokerage joins Keller WilliamsRealty Executives says it will retain presence in marketread more Letters From the Home Frontread more CEO: 'This is actually "Avatar" meets real estate'read more Mortgage rates expected to hit 6% this yearread more Company caps commission contributionsread more Associated PressSpike in Prius complaints may not be all it seemsNEW YORK (AP) -- Reports of sudden acceleration in the Toyota Prius have spiked across the country. But that doesn't mean there's an epidemic of bad gas pedals in the popular hybrid.... Senate passes jobless aid, business tax breaksWASHINGTON (AP) -- The Senate voted Wednesday to extend key pieces of last year's economic stimulus measure, including help for the jobless and money to help financially strapped states pay for health care for the poor.... Budget deficit sets record in FebruaryWASHINGTON (AP) -- The government ran up the largest monthly deficit in history in February, keeping the flood of red ink on track to top last year's record for the full year.... Stocks rise after inventories fall and sales gainNEW YORK (AP) -- Scant buying lifted stocks for a second day Wednesday after the government reported a drop in companies' inventories.... Wholesale inventories fall while sales increaseWASHINGTON (AP) -- Businesses trimmed inventories at the wholesale level again in January even though sales rose for a 10th consecutive month. The dip in inventories underscored that businesses remain cautious about restocking their depleted s... CNNGreen homes face a red lightLots of people, especially those trying to battle high utility bills, believe in energy-efficient homebuilding. Erin and Robert Smith had no problem handling the $2,000 monthly payment on their home ... until they lost their jobs. Don't say we didn't warn you. Conservative radio host Rush Limbaugh is saying adios to the Big Apple and selling his Fifth Avenue penthouse, asking almost $14 million. Economists have long been predicting commercial real estate could be the next day of reckoning for the financial markets, with a wave of defaults looming as billions of dollars in troubled loans come due in the coming months. The board cannot be held accountable for something under the control of the members. Columnist Richard Thompson explains.
A word of advice for builders, contractors, developers and all other players interested in re-building strength back into the real estate marketplace: only strong, balanced, and experienced leadership at the executive level will pull the industry ... California Homeownership Without Mortgage Payments: Homeowner Associations Pay For California MortgaWhile some people struggle to keep their mortgage payments current, others are living in their houses for free. Not only are they not making mortgage payments but they are being offered incentives when they don't. |