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Despite the fact that government officials continue to tell me that mortgage “walkaways” (borrowers who voluntarily stop paying their mortgages because their loans are worth so much more than the value of their homes) are really not a big problem, today they extended the Home Affordable Refinance Program by a year. This is the program that [...]
Toll Brothers National Winter Sales Event – http://us1.campaign-archive.com/?u=5e523697aa60b4168c3b3bedf&id=6c13a7915e
Source: BIG BUILDER News Publication date: February 22, 2010 By Teresa Burney It might not be reasonable to expect Toll Brothers to report a profit Wednesday. After all, the builder specializes in the slower to recover upper-end market, and write-downs on its massive land bank have had a significant impact on the bottom line. In fact, analysts [...]
New Homes Magazine News Bulletin Feb. 2010 – http://eepurl.com/ihpX
By: Reuters U.S. mortgage rates dipped below 5 percent again, a key level that may boost home loan demand, according to a closely watched mortgage survey on Thursday. The lowest mortgage rates in decades and high affordability helped the hard-hit housing market find some footing last year after a three-year slump. Attractive rates bode well for the housing [...]
Brookfield Homes Corp., Fairfax, Va. (NYSE:BHS) on Wednesday before market open reported a $16.7 million loss (-$0.81 per share) for the fourth quarter ended Dec. 31. The loss including impairments and write-offs of $6.3 million and compares with a loss of $79.3 million on $19.3 million in impairments and write-offs for the quarter ended Dec. [...]
Fewer Homeowners See Home Values Falling Published: Friday, 5 Feb 2010 | 10:09 AM ET By: Reuters Fewer U.S. homeowners expect the value of their homes to decline in the year ahead, but they also believe gains are unlikely, according to a Thomson Reuters/University of Michigan survey published Friday. The proportion of homeowners that expected declines in the value of [...]
Demand for U.S. home loans rose to a six-week high on a mini refinance wave, with borrowers pushing to lock in rates before they climb later this year, the Mortgage Bankers Association said on Wednesday. Applications to buy homes and refinance loans jumped last week to mid-December levels as average 30-year mortgage rates held near [...]
D.R. Horton, Inc. (NYSE: DHI), Fort Worth, Tex., on Tuesday before market open reported a net profit of $192 million ($0.56 per diluted share) for its fiscal first quarter ended Dec. 31, well above analyst estimates of a gain of $0.14 per share. The gain was boosted by a tax benefit of $149.2 million made [...]
Published: Tuesday, 26 Jan 2010 | 9:31 Am By: Diana Olick, CNBC Real Estate Reporter The economic recession and the housing depression will cause many Baby Boomers to push back retirement several years, but that doesn’t mean they’re not still eyeing and buying homes built specifically for retirees. Builders of these “active adult communities” are therefore changing some of [...]
Sales of previously occupied homes took the largest monthly drop in more than 40 years last month, plunging far deeper than expected after lawmakers gave buyers extended time to use a tax credit. The National Association of Realtors says sales fell 16.7 percent to a seasonally adjusted annual rate of 5.45 million in December, from an [...]
Save thousands on a Toll Brother’s home – http://eepurl.com/gPOU
Firms Hold Fast to Snail Mail Marketing Despite Prevalence of Digital Media, Entrepreneurs Find Old Fashioned Direct Mailings Still Key to Winning Customers By TERI EVANS Looking to cut costs amid the recession, Alicia Settle initially thought it would be a good idea to eliminate her company’s annual direct mailing. Spending about $20,000 on the personally signed letters, which [...]
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