Yahoo! News: Business - Real Estate
Business - Real Estate
US service sector improves slightly in Dec.
(AP)
6 Jan 2009 at 12:00pm
AP - A measure of the U.S. services sector improved slightly in December, beating analysts' estimates, but pending home sales and factory orders both fell more than expected and the overall economic outlook remains grim.
Dollar up despite disappointing economic readings
(AP)
6 Jan 2009 at 9:46am
AP - The dollar rose against most major currencies Tuesday despite disappointing readings on pending home sales and factory orders, as speculation mounted that the European Central Bank will continue its rate cut campaign in the face of declining inflation across the euro zone.
Home sales tumble to 7-year low
(Reuters)
6 Jan 2009 at 8:27am
Reuters - Pending sales of existing U.S. homes dropped to a seven-year low in November, data showed on Tuesday, as rising job losses and a deepening economic recession kept potential house buyers on the sidelines.
Pending home sales plunge to record low in Nov.
(AP)
6 Jan 2009 at 7:03am
AP - The National Association of Realtors says pending home sales fell to the lowest level on record in November, as the plummeting stock market and faltering economy caused buyers to put their purchases on hold.
British house prices sink by record amount in 2008
(AP)
6 Jan 2009 at 6:38am
AP - House prices in Britain fell by their biggest annual amount in at least 56 years during 2008, as credit seized up and possible buyers stayed out of the market, a leading mortgage lender said Tuesday.
Economists seek solutions, signs of life in housing
(Reuters)
5 Jan 2009 at 3:53pm
Reuters - Top economists at the Allied Social Sciences Association's annual meeting have been searching -- in some cases, in vain -- for signs of life in the U.S. housing market, a key element for busting the country out of a deep economic downturn.
Lawmakers set new mortgage bankruptcy bill
(Reuters)
5 Jan 2009 at 3:53pm
Reuters - Legislation designed to stem foreclosures by allowing bankruptcy judges to erase some mortgage debt will be introduced by Congressional Democrats on Tuesday, and hopes are high that it will pass after a similar plan failed last year.
US auto sales crash as 2008 sales hit lowest level since 1992
(AFP)
5 Jan 2009 at 3:50pm
AFP - US auto sales crashed again in December as the industry posted its worst year since 1992 and the Detroit Three saw their annual share of their home market slip beneath 50 percent for the first time, industry data showed Monday.
Fed buys MBS in latest unconventional move
(Reuters)
5 Jan 2009 at 2:21pm
Reuters - The Federal Reserve on Monday kick-started its latest unconventional program to boost the moribund economy, this time taking aim at the heart of the slumping housing market.
NY Fed begins purchasing mortgage securities
(AP)
5 Jan 2009 at 11:58am
AP - The Federal Reserve Bank of New York said Monday it has begun purchasing mortgage-backed securities in an effort to bolster the battered housing market.
Fed starts program of purchases of mortgage securities
(AFP)
5 Jan 2009 at 8:23am
AFP - The Federal Reserve said Monday it began buying troubled mortgage securities through investment managers, kicking off a program expected to spend up to 500 billion dollars to ease a credit crisis.
Commercial real estate in for tough 2009
(AP)
2 Jan 2009 at 5:10pm
AP - The balance of power between landlords and tenants will shift dramatically in 2009.
Private equity group buying IndyMac assets
(Reuters)
2 Jan 2009 at 4:47pm
Reuters - The assets of failed U.S. mortgage lender IndyMac are being bought by a group of private equity and hedge fund firms, including Dune Capital Management and J.C. Flowers Co, which are putting up $1.3 billion in cash.
Plan B for retirees who counted on home equity
(AP)
2 Jan 2009 at 11:01am
AP - The safety net is almost gone, the nest egg is cracking.
FDIC says it will sell IndyMac
(Reuters)
2 Jan 2009 at 12:46pm
Reuters - The Federal Deposit Insurance Corp, in a statement on its Website, says it signed a letter of intent to sell Indymac Federal bank operations to thrift holding company controlled by IMB Management Holdings LP.
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