Bailout is not a four-letter word
Mortgage rates rose slightly this week, the lowest-fee 30-year from just below 6 percent to a hair above. Spreads still gape versus Treasurys, at 2.5 percent above the 10-year defying all of the Fed’s latest efforts. Five-year ARMs, both conforming and jumbo, are better in availability and rate, but both are scarcer and higher than in January.
The economy itself is in a curious place. This morning’s report of a half-percent gain in February personal income was head-scratching good news, not squaring with consumer confidence measures at 16-year lows, some components at 41-year all-time lows. more…
More: continued here
Home starts continue to plummet
There was a 33 percent drop in first-quarter home starts in the Austin area this year compared with 2007.
More: continued here
Subprime Mortgage Trouble In Suburbs 3/28/08
For the most part, central New York has avoided the subprime mortgage crisis. However, new numbers out Friday point out hot spots where these risky mortgages are heading toward foreclosure. via ClipSyndicate
More: continued here
Lenders Shut Down Equity
During the sluggish economy, many homeowners have used home equity loans… via ClipSyndicate
More: continued here
‘Five-0′ star Jack Lord’s Kahala condo sold
The beachfront condominium in Kahala that belonged to "Hawaii Five-O" star Jack Lord and his wife sold this week for less than a third of the original listing price.
More: continued here
Port of Portland receives security grant
The Port of Portland has received a $220,000 federal grant to help enhance security fencing at the port's Terminal 4 on the Willamette River.
More: continued here
5 years on the market and Monse is still the town nobody wanted
“The Secrets of Exactly How to FOR SALE BY OWNER.”
Juli Doty had big plans for the little ghost town of Monse, just north of Brewster.
A Wenatchee Realtor, Doty listed the entire town for sale five years ago.
She knew the town’s owners Donna and Fritz Van Doren and they asked her to sell it for them when they moved from Monse to East Wenatchee.
It was a sweet deal: $575,000 for 60 acres that included seven houses, an old schoolhouse, a general store and post office, all platted into 100 parcels for anyone who wanted to remake their own little town. Read more
More: continued here
Legacy Partners acquires Walnut Creek center
Legacy Partners has purchased the 500,000-square-foot Ygnacio Center at North Main Street and North California Boulevard in downtown Walnut Creek.
More: continued here
Owners trash houses lost to foreclosure
Eddy Buompensiero noticed eight pairs of shoes outside the door of the modest house on Mother of Pearl Street, evidence that the former owners were still living there even though the bank had foreclosed. via Salt Lake Tribune
More: continued here
Maguire ’strategic alternatives’ no longer includes sale
Maguire Properties Inc. said that due to "the lack of any viable acquisition proposal" and current market conditions, the company's review of strategic alternatives no longer includes the possibility of a sale of the company. (MPG)
More: continued here