Tuesday, March 25, 2008
SACRAMENTO (AP) The state Senate has approved a bill to help California homeowners whose lenders have forgiven part of their mortgage debt.
The bill would end a requirement that homeowners report that part of the loan that was forgiven as income on their tax returns.
Senator Mike Machado, a Democrat from Linden, says the bill would help in cases where there is a short ... more
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Monday, March 24, 2008
WASHINGTON - Sales of existing homes increased unexpectedly in February after six months of decline, but private economists said it was too soon to say the prolonged slide in housing is coming to an end.
The National Association of Realtors said sales of existing homes rose by 2.9 percent in February to a seasonally adjusted annual rate of 5.03 million units. It marked the first s ... more
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Thursday, March 20, 2008
WITH reference to news items regarding the suffering of hapless plot seekers, this plunder is taking place in the surroundings of the capital city which is heavily guarded by all the ruling elites along with the top junta of the current regime. Many people are fleeced off their hard-earned money at the hands of influential mafia groups.
The prices of land in the twin cities have s ... more
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Thursday, March 20, 2008
By Dr Noman Ahmed: With a regulatory regime for managing the Real Estate Investment Trusts (REIT) in place, the Securities and Exchange Commission of Pakistan (SECP) is now ready to receive applications for issuing licences to interested parties for setting up REITs.
This has raised hopes in some quarters that the national housing scenario will undergo a significant change However ... more
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Thursday, March 20, 2008
WASHINGTON - Rates on 30-year mortgages dropped below 6 percent this week for the first time in more than a month, reflecting aggressive efforts by the Federal Reserve to cut interest rates to protect the economy from a serious recession.
Freddie Mac, the mortgage company, reported Thursday that 30-year fixed rate mortgages averaged 5.87 percent this week. That was down from 6.13 ... more
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Wednesday, March 19, 2008
ISLAMABAD: Pakistan offers excellent investment opportunities to national and international builders in housing sector as the country needs massive development in this sector, said Caretaker Minister for Provincial Coordination Dr Muhammad Amjad.
“The real estate sector in Pakistan is flourishing as there is a huge demand for housing in the country,” Dr Amjad said while addressi ... more
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Wednesday, March 19, 2008
ISLAMABAD, Mar 9 (APP): Pakistan offers excellent investment opportunities to national and international builders in housing sector as the country needs massive development in this sector, said Caretaker Minister for Provincial Coordination Dr Muhammad Amjad.
“The real estate sector in Pakistan is flourishing as there is a huge demand for housing in the country,” Dr Amjad said wh ... more
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Tuesday, March 18, 2008
WASHINGTON - U.S. home building projects started in February fell by 0.6 percent to a higher-than-expected annual rate while building permit activity, a sign of future construction plans, dropped off 7.8 percent, a government report on Tuesday showed.
The Commerce Department said housing starts set an annual pace of 1.065 million units in February, higher than the 990,000 expected ... more
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Monday, March 17, 2008
WASHINGTON - A reading of U.S. homebuilders’ sentiment was stuck near its lowest level in March, as the housing industry’s malaise gave it little reason to improve.
The National Association of Home Builders said Monday its housing market index for March was the third lowest reading on record. The index, which gauges builders’ perceptions of current conditions, interest from potential buyers and ... more
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Friday, March 14, 2008
WASHINGTON - Fighting to stem a dangerous wave of home foreclosures, Federal Reserve Chairman Ben Bernanke pledged Friday to do all that is possible to help struggling homeowners.
The Fed is “strongly committed to fully employing our authority, expertise and resources to help alleviate their distress,” Bernanke said in a speech to the National Community Reinvestment Coalition’s an ... more
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Friday, March 14, 2008
The government’s flagship program to give struggling homeowners relief from overwhelming mortgage payments has left hundreds if not thousands of callers frustrated by long wait times, lack of follow-up and relatively minor loan modifications that have failed to help.
A story last week on msnbc.com generated hundreds of e-mail responses from readers who have called the heavily prom ... more
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Thursday, March 13, 2008
WASHINGTON - Florida led the nation in mortgage fraud in 2007, a dubious distinction it's had two years running.
The competition to be first in fraud is getting stiffer as the housing downturn persists and agencies nationwide report more suspect mortgages, according to industry data released Thursday.
Nevada ranked second in mortgage fraud, up from No. 6 a year earlier ... more
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Thursday, March 13, 2008
WASHINGTON - Economic policymakers on Thursday recommended stricter regulation of mortgage lenders as part of a broad effort to prevent a repeat of a credit crisis threatening to drive the country into recession.
With problems in the credit and housing markets worsening, the Bush administration now seems to favor a larger role for government — an approach Republicans generally hav ... more
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Monday, March 10, 2008
Apart from IT services and companies like L&T in engineering design, there aren’t too many examples of home-grown Indian professional services companies getting large overseas assignments. Now, in a first by a services company in the real estate sector and what may be a first sign of things to come, Asipac, India’s No.1 real estate development services and project marketing company, has been ... more
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Monday, March 03, 2008
Despite claims of the growing popularity of eco-friendly housing, a large number of first homebuyers are not familiar with the concept, a new report revealed.
The survey conducted by Connection Research found that nearly one third of new homebuyers have never heard of "green subdivisions" and another third have heard of the term but have no idea what it means. Fewer than one in fi ... more
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Monday, March 03, 2008
The Rudd government will offer corporate investors a tax credit of $6,000 per dwelling to entice superannuation funds to invest in affordable housing according to a report by the Australian Financial Review.
Under the plan, the government will allocate 3,500 tax credits costing about $21 million in its budget for 2008-09 as a part of the National Rental Affordability Scheme, the r ... more
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