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News Articles (Page 7)

Year Mortgages Edge Down
Reasons given by analysts for this slight decrease are global developments in bond markets, which are less likely to result in higher inflation, and the deteriorating state of the housing industry. Frank Nothaft, chief economist at Freddie Mac says, ''this week we saw further effects of the current housing recession.'' He points out that there are an increasing number of unsold homes, the highest in 15 years together with a sharp drop in home sales in a 4 year period. A government report states that in the first 3 months of this year the economy as a whole slowed right down to a 0.7% growth rate, the most worrying in 4 years, with housing a major causative factor. ...
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Stocks Trade Flat As Oil Prices Fall
Reports from the Philadelphia Federal Reserve indicate the highest growth in regional manufacturing in June since April 2005 as evidenced by the leap to 18 from 4.2 in May. However, the market remains unaffected by this report. Investors, aware that the Open Market Committee are due to meet next week, are on the look-out for raised interest rates on account of any new economic strength that might be imminent....
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Homeowner insurance companies seek rate increases
Florida has a plan to lower property insurance costs, but some experts are questioning its viability are recent rate requests from The Hartford, Florida Farm Bureau, , Metropolitan Property and Casualty and Auto Owners...
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OurStory : The Place for Photographs and Memories
The Place for Photographs and Memories When March comes around, families and friends tend to group together to talk about coming plans. Because at this time of year, graduations happen, family vacations are planned, weddings or anniversaries are celebrated ...
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Increased Rental Demands
Because America functions in a supply and demand economy, landlords are benefiting from the current market picture in home sales. Fewer people are choosing to purchase a new home at present. They are waiting for the market to either drop even further or to improve, either of which could take months or possibly even years. In the meantime, the future home buyers are continuing to rent. This bring the demand for rental housing to an almost feverish level and landlords are responding by raising the minimum price for rental space. ...
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House sales and Prices Fall
The United States housing market continues to show signs of major ailments in the most recent statistical reports released for the month on April 2007. March reports looked grim, setting new records for drastic falls in sales and prices, but not the month of April looks even worse. For the ninth time in as many months, sales for existing homes plummeted and median sales prices also dropped at record rates. ...
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Property Taxes Increase
Even though housing prices in many parts of the country are beginning a downward movement, it is more than likely that property taxes will continue to rise in the near term at least, according to a USA Today analysis of data released by the government. ...
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