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October new home sales drop 8.1 pct., prices fall

October new home sales drop 8.1 pct., prices fall New home sales tumbled in October while the median home price dropped to the lowest point in seven years. Sales of new single-family homes declined 8.1 percent to a seasonally adjusted annual rate of 283,000 units in October, the Commerce Department reported Wednesday. It was the [...]

L.A. home sales drop again; prices increase

L.A. home sales drop again; prices increase Mark Lacter: Foreclosure resales account for about a third of all Socal sales, which is down substantially from 2009 but still quite high. Read more on LA Observed

Some in China ready to drop U.S. holdings and pour money into nation

Some in China ready to drop U.S. holdings and pour money into nation The debtor-lender relationship between America and China is a “financial balance of terror,” as White House adviser Lawrence Summers once put it. If China sold its dollar holdings, U.S. borrowing needs are so great that the sale could push America back into [...]

Foreclosures aren’t over, despite quarterly drop in mortgage delinquency

Foreclosures aren’t over, despite quarterly drop in mortgage delinquency The good news on foreclosures: Mortgage loans went delinquent at a slower pace during the first part of this year. The bad news: The delinquency rates are still disturbingly high, so America’s foreclosure wave doesn’t appear likely to end any time soon. Read more on KMIR [...]

Mortgage Rates Drop to New Low Of 4.57 Percent

Mortgage Rates Drop to New Low Of 4.57 Percent NEW YORK (AP) — Mortgage rates fell for the second straight week to the lowest point in five decades. But many people either don’t qualify for new mor… Read more on The Memphis Daily News

Mortgage rates drop to another low, 4.58 pct.

Mortgage rates drop to another low, 4.58 pct. Mortgage rates have sunk to the lowest level in more than five decades, but consumers aren’t rushing to refinance their loans or buy homes. Mortgage company Freddie Mac said Thursday the average rate for 30-year fixed loans sank to 4.58 percent this week…. Mortgage – Freddie Mac [...]

Mortgage rates drop to another low, 4.58 percent

Mortgage rates drop to another low, 4.58 percent Consumers aren’t rushing to refinance their loans or buy homes. Read more on Houston Chronicle

New Home Sales Drop to Record Low in May

New Home Sales Drop to Record Low in May Sales of new single-family homes tumbled more than expected as the effects of a tax credit faded. The report added to worries of a slowing economic recovery. Read more on New York Times

China IPOs Post World’s Biggest Gains as Stocks Drop (Update1)

China IPOs Post World’s Biggest Gains as Stocks Drop (Update1) China has the world’s worst performing equity market this year and the best returns on initial public offerings. Read more on BusinessWeek

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