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Archive for September, 2007

KB Homes sells Disney-Inspired Homes

Friday, September 28th, 2007

KB Homes, the fifth largest U.S. home builder, announced that it would offer homes customized with Disney characters. (more…)

Housing Market could lead to recession

Friday, September 28th, 2007

U.S. home prices have fallen further since 2006 than during the 1990-91 recession, and experts predict prices will drop up to 10% more next year. (more…)

30-Year Mortgage Rates Rise, Adjustable Rates Fall

Friday, September 28th, 2007

Rates on 30-Year fixed rated mortgages rose for a second straight week. (more…)

Feds prosecute 18 people South Florida for mortgage fraud

Friday, September 28th, 2007

Federal prosecutors charge that mortgage brokers, appraisers, title agents, and loan officers took more than $50 million in fraudulent home loans to buy luxury condos in South Beach and homes in Southwest Ranches. (more…)

Investors looking to buy Bear Stearns

Thursday, September 27th, 2007

Reports indicate that several parties, including Warren Buffet, are interested in purchasing part of Bear Stearns, the investment bank who has seen a lot of trouble by the sub-prime collapse.  (more…)

Palm Beach County housing market slump continues

Thursday, September 27th, 2007

The housing slump in Palm Beach County showed no signs of improvement in August according to figures released by the Florida Association of Realtors on Tuesday. (more…)

Senate to appeal rejection of property tax amendment

Thursday, September 27th, 2007

The Florida Senate will appeal the court’s decision to throw out the property tax-cutting amendment. (more…)

History predicts another Fed Rate Cut before January

Tuesday, September 25th, 2007

Government bond traders who have predicted 6 of the past 7 recession, say the Fed will lower interests again before January in order to avoid the economy stalling. (more…)

Miami Condo Auction unsuccessful

Tuesday, September 25th, 2007

Maysville, the developer of the new Platinum condominium in Miami’s edgewater neighborhood, auctioned off 20 of the unsold condo units in Thursday in the hopes of moving some of its inventory. (more…)

California asks for higher conforming loan limits

Monday, September 24th, 2007

Last Thursday, the Governor of California, Arnold Schwarzenegger wrote a letter to Congressional leaders for a state exception to the GSE conforming loan limit. (more…)