August 2008


31 Aug 2008 04:09 am

HOME DESIGN AND REMODELING SHOW
MiamiHerald.com, FL - Aug 31, 2008
Green living is highlighted at the Miami Home Design and Remodeling Show now through Tuesday at the Miami Beach Convention Center, 1901 Convention Center ...
30 Aug 2008 11:20 pm
Do you have real estate news? Send it to business@citizen-times.com, with “real estate people” in the subject line. We will publish items as soon as possible, in the order in which they were received.
30 Aug 2008 11:15 pm
RALEIGH — The falling economy and growing concern about dependence on foreign oil are stirring second thoughts about the possibility of drilling off the North Carolina coast.
30 Aug 2008 02:26 am

With economy down, remodeling projects drop
Baltimore Sun, United States - Aug 30, 2008
The center's most recent Leading Indicator of Remodeling Activity, released in July, suggests that homeowner-improvement activity will continue to decline, ...
30 Aug 2008 12:18 am
Q: I would like to ask your opinion about a real estate investment. It appears that the timing is right to buy a beach condo as an investment, assuming that the rental history is good and that the unit is in sound condition. We are looking at the Myrtle Beach, S.C., area. I have some rental houses in North Carolina, but don't know much about beach real estate. Are there red flags that I should ...
29 Aug 2008 03:36 pm

Washington Post

Agency Mortgage-Bond Yield Spreads Reach Lowest in a Month
Bloomberg - Aug 29, 2008
29 (Bloomberg) -- Yields on agency mortgage securities touched the lowest in a month relative to US Treasuries after buyers took advantage of some of the ...
Decision time for Fannie and Freddie The Herald
Fannie, Freddie Slip After Key Gains Washington Post
Freddie pares mortgage commitments; Fannie to buy more MarketWatch
Chicago Tribune - BusinessWeek
all 727 news articles
29 Aug 2008 05:55 am
The Reverse Mortgage Advantage: The Tax-Free, House Rich Way to Retire Wealthy!

The housing rescue package that Congress scrambled to pass in July was aimed primarily at stemming foreclosures and shoring up Fannie Mae and Freddie Mac. But it also contains provisions that make reverse mortgages a better deal for older homeowners who want to turn their equity into cash.

Lawmakers are paying attention to reverse mortgages because these once-marginal products have exploded over the past decade, thanks to low interest rates and rising home values. The federal government, which backs more than 90% of all such loans through the Home Equity Conversion Mortgage (HECM) program, guaranteed 107,400 reverse mortgages last year, up from 7,900 in 1998. What’s more, an industry group estimates that even after the drop in housing prices, seniors’ equity in their homes was worth $4.2 trillion at the end of 2007. (more…)

29 Aug 2008 04:51 am

HispanicBusiness.com

Drop in demand for buy to let mortgages
Loans4, UK - 1 hour ago
According to recent reports based on figures from UK mortgage lenders there has been a drop in demand for buy to let mortgages, with buy to let investors ...
FHA to raise mortgage insurance premiums Reuters
Fees rise on government-backed loans CNNMoney.com
FHA Hikes Mortgage Premiums Housing Wire
Statesman Journal - Inman.com
all 43 news articles
29 Aug 2008 04:32 am
The first building on UNC-Chapel Hill's Carolina North campus will have three-story glass facades, solar panels and metal curtain walls with vertical sun shades to reduce energy costs.
29 Aug 2008 03:44 am

Mountain Winery refines stage, expands seating
San Jose Mercury News,  USA - 2 hours ago
The stage has been enlarged and lighting infrastructure added, bathrooms also have been completely remodeled and expanded. Big windows in the women's ...

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