National Business
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 [...]
Legislative Update on SB354
Legislative Update on SB354 (the 82% of Fair Market Value Offer Requirement) and the Lease Option Bill SB629
Good News…read on
On Tuesday and Wednesday of this week investors from across Texas joined representatives from National REIA and lobbyist hired by TexREIA and the Houston RICH club to address proposed Senate Bill 354.
As you may recall, from [...]
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 [...]
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 [...]
Texas AG Proposes Legislation To Help Fight Foreclosure Fraud
Originally posted by Daily Mortgage Fraud News on 10 December 10, 2008
this is a blank line
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 [...]
10 Tips for Holiday Travel!
By Ed Hewitt, Features Editor
This Season Could be one of the Most Challenging Yet!!
With travel volume back up to pre-9/11 levels, constriction in the airline business, and Christmas and New Year’s falling on Sunday this year, the 2005-06 holiday travel season could be one of the most challenging to date. Add in the fact that [...]
It May Be Time to Think About Buying a House
By RON LIEBER
The NY Times
Five or 10 years from now, when the financial crisis has ended and housing prices are up smartly once more, we will look in the rearview mirror and realize that we missed a golden age for first-time home buyers.
Then, everyone who sat on their down payment savings accounts for a few [...]
Retail sales, wholesale prices fall again in Nov.
By CHRISTOPHER S. RUGABER, AP Economics Writer
WASHINGTON – Consumers reduced their spending at retail stores again in November while the costs of goods before they reach store shelves also continued to drop, more bad signs in a recession that appears to be deepening.
Businesses also cut their inventories by the largest amount in five years, [...]
