Blip in U.S. housing sales is hardly a turnaround

WASHINGTON -- This we know: The U.S. housing slump will eventually bottom out. The rate of foreclosures will slow. Prices will rise again as vacant homes are scooped up. Home builders will get back to work. And the one-time engine of the world's most ...

Strong end to October leaves markets hopeful though pressing economic ...

Washington is now mulling ideas to help prevent millions of homeowners avoid foreclosure but any plan is likely to be contentious. It was fears about banks' troubles with bad mortgage debt and weakness in the overall economy that left October as the ...

Grant boosting interest in housing - MP

AN increase in the first home buyers grant is helping renew interest in the housing market, federal Housing Minister Tanya Plibersek says. First-time buyers who purchase a newly-built home are eligible for grants of up to $21,000 as part of a package ...

Watch this space for FuelWatch

The Government had hoped the bill would be passed through the Senate in time for the busy Christmas period but the ... buyers risk price sting Shareholder fury over executive pay 'Packer's a better mate than he is boss' Buyers beware as housing market ...

Ordinary Days Are a Thing of the Past on New York Stock Exchange

At least part of the explanation for the previous day's rally is investors' expectation that this afternoon the Federal Reserve will cut interest rates, continuing its battle to save the financial system. There's wide agreement that Fed Chairman Ben ...

New condos selling at a loss

The discounts are helping builder Orrin Thiessen clear a backlog of unsold condos, a task that must be completed before lenders will give him money to start the next phase of the Windsor Town Green project. Despite the worst housing slump in his 35 ...

Aussie Home Loans cuts rates

AUSSIE Home Loans today moved to lower its variable interest by 50 basis points - representing a saving of $125 a month on a $300,000 mortgage. The interest rate on Aussie's variable rate home loan will fall by 0.5 per cent to 8.05 per cent for new ...

The Street should do the right thing. Dig a grave for those wretched ...

If we've learned anything in the past year, it's that we don't want to buy something we don't understand and/or is a layer or three removed from the underlying asset, whether it be stocks, commodities or home loans. Because of their complexity and ...

Aussie Home Loans cuts rates

AUSSIE Home Loans today moved to lower its variable interest by 50 basis points - representing a saving of $125 a month on a $300,000 mortgage. The interest rate on Aussie's variable rate home loan will fall by 0.5 per cent to 8.05 per cent for new ...

Rise in West Nile virus linked to home foreclosure crunch

Abandoned swimming pools in thousands of repossessed homes have turned into fetid breeding grounds for mosquitoes which carry the virus, helping to fuel a large increase in cases of the disease, researchers say. A study focused on Bakersfield, among ...

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