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Oct. 9 (Bloomberg) — Investors pulled a record $52.1 billion from U.S.-managed stock and bond mutual funds in the past week, seeking the safety of government-insured bank deposits as the financial crisis worsened.
Shareholders took $43.3 billion from stock funds and $8.8 billion from bond funds in the week ended Oct. 8, according to data compiled [...]

From TucsonMortgageBlog.com
http://www.tucsonmortgageblog.com/18-of-20-real-estate-markets-show-signs-of-improvement/
In 18 of the 20 largest metropolitan areas, home values declined at a slower pace than in the previously measured month. The report also showed that national home prices are down 14.4 percent from March 2007.
Unfortunately, it’s the more sensational 14.4% figure that newspapers chose to report this morning. If you never [...]

from http://money.cnn.com/2008/04/02/news/economy/housing_bipartisan_draft/index.htm
Democrats and Republicans agree to compromise on bill aimed at averting foreclosures and helping those hurt in housing crisis.
By Jeanne Sahadi, CNNMoney.com senior writer
Last Updated: April 3, 2008: 11:35 AM EDT
NEW YORK (CNNMoney.com) — With unusual speed, leading Senate Democrats and Republicans have negotiated a bipartisan, $15 billion housing relief package that the Senate [...]

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clipped from www.therealestatebloggers.com

The Atlanta Journal Constitution is reporting that Michael Vick, the former Atlanta Quarterback and nortorious dog fighter, is selling his Duluth, Georgia home for 4.5 million dollars.

The home located at 2927 Darlington Run Duluth, GA has 7 bedrooms and 8.5 baths. The home is located in the Sugerloaf Country Club, an [...]

clipped from www.wlox.com

CALABASAS, Calif. (AP) – The nation’s largest mortgage lender will begin offering refinancing or modifications on $16 billion in loans whose interest rate is set to adjust by the end of 2008.

Countrywide’s president and CEO David Sambol says “unprecedented times call for unprecedented remedies.” He says Countrywide is determined to help [...]

clipped from www.mcall.com

The evolution of the modern mortgage

Most people assume home mortgages have been around forever.

But it wasn’t until the 1930s — and then thanks to insurance companies and the Federal Housing Administration — that long-term mortgages for home purchases came to be.

Insurance companies, not banks, started mortgages. And it wasn’t because [...]

clipped from www.wisn.com

New Home Sales Hit 7-Year Low
Report Comes Week After Interest Rate Cut

POSTED: 4:32 pm CDT September 27,
2007
UPDATED: 4:37 pm CDT September 27,
2007

WASHINGTON — The government reported Thursday that new home sales fell more steeply than expected last month. The decline of more than 8 percent took home sales down to the [...]

clipped from news.yahoo.com

A fascinating dispute on modern economics — and the dominant role it plays in our politics – is currently taking place in America’s bookstores.

On one side is [...]

clipped from www.kcra.com

(ARA) – Rates are up, rates are down. It’s a buyer’s market, it’s a seller’s market. If the housing market seems like a roller coaster for would-be buyers, that’s because it is. But understanding the most current trends can help buyers know when to get on — or off — the [...]

clipped from www.msnbc.msn.com

NEW YORK – Sales of existing homes, depressed by turmoil in credit markets, fell for a sixth straight month in August, pushing activity to the lowest point in five years an industry trade group said Tuesday. A separate report showed that t
he nationwide decline in home prices accelerated in July, posting [...]