Financial
Wall Street Resumes Rally Following Housing Report
Stocks regain momentum after better-than-expected housing report; Dow jumps 179 points
Tuesday March 17, 6:44 pm ET
By Stephen Bernard and Tim Paradis, AP Business Writers
NEW YORK (AP) — You know things have changed on Wall Street when the housing industry saves the day.
A surprise government report that home construction picked up in February caught traders off [...]
Foreclosures spike, but experts say lenders are willing to negotiate…
Properties are mostly houses, but Chinatown Center among postings.
By Shonda Novak
AMERICAN-STATESMAN STAFF
Saturday, February 14, 2009
Foreclosure postings in Central Texas spiked in March, but experts say they don’t think those levels will continue throughout 2009.
Foreclosure Listing Service Inc. said the 551 postings filed in Travis County for the March 3 auction were up [...]
Tips to Save You Money!
No matter your walk of life, you yourself, or someone you know is being affected by these economic times. Whether your 401K went from 1 million to 500k, or you are living on savings that is quickly depleting, learning tricks to make your penny stretch is always helpful! Hopefully this article will give you at [...]
When You Can’t Pay….
Given the tough economic times we are living in today, I thought it prudent to offer advise when money runs short and bills are due. Unfortunately, this reality will become more Main Street in 2009 than it has been in a long while.
There is no shame to run low or even out of money, however [...]
National Real Estate Market Outlook
In January 2008, the National Association of Realtors predicted resale homes would
increase in 2008 compared to 2007, with the median home price remaining flat.
Not so. In December 2008, NAR now is reporting resale homes prices have fallen over 12 percent in 2008 as compared to 2007, with the median price sinking more than 9 percent.
For [...]
US recession forecast to drag on…
The US recession is likely to drag on well into 2009 with a “moderate recovery” in 2010, according to forecasts from the US Federal Reserve.
The minutes from the central bank’s December interest rate meeting show that policymakers were faced with a grim economic forecast.
They were told the economy was expected to shrink more rapidly [...]
What To Do Now, 2009
I have been burdened over the Holidays. Many concerned Investors have called seeking real estate advise for 2009. I find myself stuttering and sputtering for meaningful reply. What is sound advise today to properly inform and guide Real Estate Investors into 2009? I don’t have a magic potion but if I did, I would drink [...]
U.S. MBA’s Mortgage Applications Index Rose to Five-Year High
By Shobhana Chandra
Bloomberg News
Dec. 31 (Bloomberg) — Mortgage applications in the U.S. last week reached a five-year high as borrowing costs slid.
The Mortgage Bankers Association’s index of applications to purchase a home or refinance a loan rose to 1,245.7, the highest level since 2003, from the prior week’s 1,245.4. The group’s purchase gauge climbed 1.4 [...]
Texas AG Proposes Legislation To Help Fight Foreclosure Fraud
Originally posted by Daily Mortgage Fraud News on 10 December 10, 2008
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In the following press release Texas Attorney General Greg Abbott and state Sen. Craig Estes (Wichita Falls) announced a legislative initiative that will help protect Texas homeowners from foreclosure rescue scams. If enacted, the proposal would enhance the Attorney General’s [...]
The Silver Lining…..
With the myriad of bad economic news constantly in the forefront of our lives these days, it’s interesting to stop and consider a few truths.
Take the following paragraph from a lead AP article last week:
http://www.amarillo.com/stories/121308/bus_12016280.shtml
WASHINGTON – Consumers reduced their spending at retail stores again in November while the costs of goods before they reach store [...]
