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MSNBC Real Estate News

MSNBC.com: Real estate
Remodeling business follows housing lower5/13/2008 5:52 AM

The downturn in the housing market has dragged the remodeling sector with it. For many contractors, that means a sudden struggle to stay busy.
Median home prices drop in many cities5/13/2008 11:07 AM
Median home prices fell in two-thirds of the cities surveyed during the first three months of this year while 46 states reported experienced declining sales.
No-money-down mortgages are still happening5/12/2008 12:49 PM

A house is advertised at a reduced price in Stockton, Calif., Wednesday, May 7, 2008. An industry group said Wednesday that pending U.S. home sales dropped to a new low in March, signaling the housing slump has yet to bottom out even as the spring sell season gets under way.(AP Photo/Marcio Jose Sanchez)You probably thought nothing-down mortgage loans disappeared in the wake of the American subprime lending crisis, which ensnarled much of the world in a credit crunch.
Mortgage companies may be turning the corner5/12/2008 3:41 PM
Broad damage in the mortgage industry was in full view Monday as a number of companies posted dismal first-quarter earnings, but there were also some hope that the worst of the housing crisis is over.
Nine houses lost, investor reflects on ‘stumbles’5/11/2008 6:44 PM
A California man who has defaulted on nine homes and expects banks to foreclose on all of them, forcing him into bankruptcy, says he now considers it a mistake to have invested in the real estate market.

Wall Street Journal Real Estate Feeds

WSJ.com: Real Estate
As Dues Dry Up, The Neighbors Pay5/13/2008 8:23 AM
Neighborhood associations are grappling with shrunken budgets as residents lose their homes to foreclosure and building slows. As a result, associations are raising fees or putting the brakes on improvements and amenities.
Beazer Restates Results for 9 Years5/12/2008 10:09 PM
Beazer restated financial results over nine years, removing one of several clouds hanging over the home builder.
A Couple's Descent Into Foreclosure5/11/2008 4:54 PM
Tracing one Vallejo, Calif., couple's descent into foreclosure and bankruptcy.
Democrats Face Rescue Backlash5/12/2008 6:17 PM
Democrats are risking a backlash over efforts by Congress to rescue homeowners who can't afford their mortgages. The White House and most Republicans say this amounts to using taxpayer money to reward bad behavior.
Bonds Tied to Mortgages Have Hope5/9/2008 7:57 PM
Maybe there's a way to thrive in the howling wasteland that is the home-loan market. Bonds backed by mortgages look like a buying opportunity, assuming a new spate of defaults doesn't send their prices tumbling again.

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Jerry Campbell, CRS, GRI, e-Pro
Professional REALTOR since 1993
The Muljat Group
510 Lakeway Drive, Bellingham, Washington 98225
Business: (360) 739-7779 Fax: (360) 671-4124
Email: Contact Jerry

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