real estate and housing news

Wide-ranging $75 billion plan will use government money to subsidize rates and insure servicers against falling home prices.

Home buyer tax credit is raised to $15,000. WIth the great mortgage rate and the tax credit like this, maybe it is time for the potential buyers on the sideline.

Recession continues.

The financial crisis has hit hard on a lot of people. Here are some advices that we can follow to ride out this downturn.

Bush, Paulson outline powerful steps targeting troubled mortgage-related assets weighing down the finance industry. Plan could cost hundreds of billions.

Fiction or reality?

..."Effectively, the federal government has now become the nation's mortgage lender"...

Savers are losers...

An interesting writeup on mindset of the wealthy people.

A breather in this tough market.

"We are not out of the woods by any means."

Importing most of the food from mainland pushes the food price even higher on top of the rising price.

I like this quote from the article:

"Families there are certainly paying the price for living in paradise."

The Royal Bank of Scotland has advised clients to brace for a full-fledged crash in global stock and credit markets over the next three months as inflation paralyses the major central banks.

No area is immune to the housing crisis.

A nice article about the problems and the cause in today's economy.