Sunday, April 22, 2012

A Tale of Two Markets

The current housing market reflects conflicting reports on an almost daily basis. Many headlines claim a housing bottom has been reached, while others insist that we are nowhere near a bottom and the fog of a bad economy will haunt the real estate market for the foreseeable future. While all these claims are backed by [...]

Source: http://www.chicagolandrealestateforum.com/2012/04/22/a-tale-of-two-markets/

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Lakewood Crossings Grand Opening Event

On April 28, Ryland Homes is celebrating their new townhouses and single-family homes at Lakewood Crossings with a grand opening event, featuring a ribbon cutting by the Mayor at 11 am, a�Star 105.5 live broadcast from 10 am to noon, and food from 11 am to 1 pm, which will include catering by Palazzolo?s in Hampshire and cupcakes from Gigi?s Bake Shop Food Truck.
Buyers will not pay closing costs on any new Ryland home on any of their Chicagoland area from April 26 to May 6. Come check out this ...

Source: http://feedproxy.google.com/~r/chicagoagentmagazine/news/~3/KhtfodWu9aA/

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Car makers gear up for a tougher China market

BEIJING (Reuters) - China's massive car market may still be young, but the auto industry CEOs descending on Beijing this week will see first hand that it's also growing up fast.

Source: http://feeds.reuters.com/~r/reuters/businessNews/~3/Z9Op1dlE7Hg/us-auto-china-preview-idUSBRE83L06R20120422

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Saturday, April 21, 2012

Zillow Sneak Preview for Inman?s Agent Reboot Denver

Zillow is a proud sponsor of Inman’s Agent Reboot, a one-day real estate tech summit held in various cities across the U.S. We always look forward [...]

Source: http://feedproxy.google.com/~r/ZillowBlog/~3/hS6BxWHpUD0/

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Friday, April 20, 2012

Chicago Illinois Mortgage Rates Week in Review for the Week Ending 04/06/2012

Its all about expectations. Last week was one of the most volatile weeks in the MBS (Mortgage Backed Securities) market, as traders whipsawed back and forth trying to divine the future of the economy. Mortgage rates spiked sharply higher on Tuesday after the meetings from the last Fed meeting were released. The minutes confirmed what [...]

Source: http://www.ptmortgage.com/blog/2012/04/09/chicago-illinois-mortgage-rates-week-in-review-for-the-week-ending-04062012/

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Illinois governor unveils "bold" plan to save pensions

CHICAGO (Reuters) - Illinois would shore up its sagging public employment retirement system under a plan outlined on Friday by Governor Pat Quinn that gives workers a choice between higher...

Source: http://feeds.reuters.com/~r/news/wealth/~3/-su7UgbC75g/us-illinois-pension-idUSBRE83J1DI20120420

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Florida Home Prices Drop with US Jobs Data Report

Last Friday, in its Non-Farm Payrolls report for the month of March, the Bureau of Labor Statistics announced 120,000 net new jobs created, plus combined revisions in the January and February reports of +4,000 jobs.
Related posts:
  1. Economy Expected To Have Added 80,000 Jobs In June Friday morning, at 8:30 AM ET, the Bureau of Labor...
  2. A Mortgage Rate Strategy Ahead Of Friday’s Jobs Report Mortgage rates are prepped to make big moves in the...
  3. As Jobs Rate Improves Florida Mortgage Rates Move Up It's a risky time to be without a locked mortgage...

Source: http://www.floridamortgageblogger.com/2012/04/10/florida-home-prices-drop/

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News Affecting Mortgage Interest Rates 09/13/2010

This week, we have two important economic reports that can move the bond market and therefore mortgage interest rates. These reports will come out on Tuesday and Friday with Retail Sales and CPI being released. Tuesday’s Retail Sales will�report whether the consumer is spending or not. Remember, two-thirds of our economy is made up of [...]

Source: http://www.homemortgagenewsblog.net/news-affecting-mortgage-interest-rates-09132010.html

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TEXT-Fitch comments on The Bank of New York Mellon

April 20 - The Bank of New York Mellon's (BK) performance remained
resilient in the first quarter of 2012 (1Q'12) and showed some modest
improvement from 4Q'11, according to Fitch Ratings. This was...

Source: http://feeds.reuters.com/~r/reuters/financialServicesRealEstateNews/~3/UdfAia60MIE/idUSWNA546020120420

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UPDATE 2-MetLife estimates Q1 loss of 9 cents/share

April 20 (Reuters) - MetLife Inc said it estimated a
loss of 9 cents per share for the first quarter after applying
new guidance on deferred acquisition costs.

Source: http://feeds.reuters.com/~r/reuters/financialServicesRealEstateNews/~3/cnY1bbyluf4/metlife-idUSL3E8FK5CU20120420

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Mortgage rates decline from week prior

Below is the latest Mortgage Rate Radar release from HSH.com?a Wednesday-to-Tuesday wraparound weekly survey of the two most-popular types of mortgages. This Tuesday evening release�precedes that of the MBA and Freddie Mac.
Rates on the most popular types of mortgages moved downward on worse-than-expected employment data, according to HSH.com’s Weekly Mortgage Rate Radar. The average rate [...]

Source: http://feedproxy.google.com/~r/hsh/~3/OTIP3EXMH30/

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Thursday, April 19, 2012

Mortgage Rates Decline To Record Lows?Again

Why do I feel a sense of Deja Vu every time I write a post on this topic? Maybe because mortgage rates have been in a state of free-fall for the last year, and every week seems to offer the same story of new record lows. This week was no exception, as Freddie Mac reported [...]

Source: http://news.mortgagecalculator.org/mortgage-rates-decline-to-record-lows-again/

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Olympus ex-CEO may seek to invalidate shareholder meeting

TOKYO, April 20 (Reuters) - Olympus Corp's ousted
CEO Michael Woodford said he may seek to invalidate the
endoscope maker's Friday extraordinary shareholder meeting in
courts, after Olympus...

Source: http://feeds.reuters.com/~r/news/usmarkets/~3/QJ6S14c3NrY/olympus-woodford-idUST9E8DT04Z20120420

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HIGHLIGHTS-G20, IMF/World Bank meetings in Washington

WASHINGTON, April 19 (Reuters) - The following are highlights of comments by
finance ministers and central bankers in Washington this week for a meeting of
the Group of 20 and the semiannual meetings...

Source: http://feeds.reuters.com/~r/news/usmarkets/~3/GcgGmFs7kzg/g-idUSL2E8FJ2KJ20120420

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Current Mortgage Rates for Thursday, April 19, 2012

Mortgage rates have improved a little bit through the last two weeks, but have essentially been stuck in a range since March’s employment figures were released on April 6. �It seems that no piece of news has been significant enough to push mortgage backed securities out of this trading range, and I don’t anticipate that [...]

Source: http://www.totalmortgage.com/blog/mortgage-rates/current-mortgage-rates-for-thursday-april-19-2012/16567

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Mortgage Rates : Real-Time MBS Pricing, April 18, 2012

Real-time mortgage market updates for April 18, 2012. Updates provided by MBSQuoteline, an MBS subscription provider for loan officers.

Click for the complete post : Mortgage Rates : Real-Time MBS Pricing, April 18, 2012.

Source: http://feedproxy.google.com/~r/TheMortgageReports/~3/W6ius4e_Kn0/mortgage-rates-real-time-mbs-pricing-april-18-2012

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Home Sales in Chicago Post Double Digit Increases

Home sales in the nine-county Chicago area posted big increases in March, signaling a bright start to the spring selling season.
Counting single family and condos, sales for March were up 23.8 percent from a year ago to totaled 6,590 homes, while in the city of Chicago, sales posted a 12.1 percent year-over-year increase.
Bob Floss, the president of the Chicago Association of Realtors, said a number of�positive�factors have contributed to the promising spike in activity.
?Realtors are continuing to see an increase in the number of buyers looking to buy a home ...

Source: http://feedproxy.google.com/~r/chicagoagentmagazine/news/~3/IqiNFO505rM/

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5 Things to Do This Weekend in Chicago: Friday, April 6 thru Sunday, April 8

Organizing a festive Easter weekend for your family? Or maybe just looking forward to some quiet down time? Either way, you’ll find this is a weekend for dining and the arts and, if you find you’re in the mood, even a little partying. There will be brunch specials throughout the city, including a gourmet spread at Nana’s, and even celebrations of National Caramel Popcorn Day. And when it’s time to entertain, consider a new approach to the opera or discover [...]

Source: http://feedproxy.google.com/~r/dreamtown/~3/nnge-dbPDow/5-things-to-do-this-weekend-in-chicago-friday-april-6-thru-sunday-april-8

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Chicago Illinois Mortgage Rates Week in Review for the Week Ending 04/13/2012

In a lot of ways, the weather here in the Chicago area has mirrored the economy. After a short, mild Winter, Spring came early this year. Flowers are blooming and everything is green. It looks like Spring and feels like Spring, but for anyone familiar with weather in these parts, the fear is still there [...]

Source: http://www.ptmortgage.com/blog/2012/04/17/chicago-illinois-mortgage-rates-week-in-review-for-the-week-ending-04132012/

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Metro Home Prices Increased 5.8 Percent in March

Prices for homes in the nation’s 53 largest metropolitan areas were up 5.8 percent year-over-year in March, according to research by RE/MAX.
The increase marks the second straight month of yearly increases for home values; before February, prices had been negative on year-over-year measures for 18 consecutive months, but a 25 percent increase for home sales from February to March seems to have�positively�impacted values.
In a HousingWire article on the sales,�Margaret Kelly, the CEO of RE/MAX, said the data is a positive indictor for the spring homebuying season.
“With buyers starting to jump ...

Source: http://feedproxy.google.com/~r/chicagoagentmagazine/news/~3/_ksUgJWzk_g/

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CANADA FX-C$ slides after soft U.S. data

TORONTO, April 19 (Reuters) - The Canadian dollar weakened
against its U.S. counterpart on Thursday as U.S. claims for
unemployment benefits fell less than expected last week and
ongoing worries...

Source: http://feeds.reuters.com/~r/news/usmarkets/~3/m3cDkTCtXeM/markets-canada-dollar-idUST5E8EJ01V20120419

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Wednesday, April 18, 2012

Chicago Illinois Mortgage Rates Week in Review for the Week Ending 02/24/2012

Over the last months, it seemed like Greece was the center of the financial universe, and not much else really mattered. But over the last week Greece was hardly a factor, with the new deal in place, and though neither side (the Greeks, and the the Germans and other countries holding the Greek debt) was [...]

Source: http://www.ptmortgage.com/blog/2012/02/27/chicago-illinois-mortgage-rates-week-in-review-for-the-week-ending-02242012/

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Chicago Illinois Mortgage Rates Week in Review for the Week Ending 02/10/2012

If I remember my humanities classes correctly, the Greeks invented Drama a long time ago. Over the generations they have gotten very good at it, and Greek drama continues to be the biggest mover in the financial markets today. The stock and bond markets whipsawed last week based on the latest details of whether there [...]

Source: http://www.ptmortgage.com/blog/2012/02/13/chicago-illinois-mortgage-rates-week-in-review-for-the-week-ending-02102012/

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INDIA PRESS-Essar in talks to sell $1 bln Aegis BPO-Times of India

PREVIOUS ITEMS

NTT DoCoMo may up stake in Tata Teleservices-Financial Express

Source: http://feeds.reuters.com/~r/reuters/financialServicesRealEstateNews/~3/pQoez3b9_Dg/india-press-idUSL3E8FJ1US20120419

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Green Home Trends: From Baby Steps to Extreme Updates

Taking a look at green home features from the basic to the extreme.

Source: http://feedproxy.google.com/~r/ZillowBlog/~3/9lYl4JhjXnQ/

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MALAYSIA-PRESS-Public Bank registers record net profit-The Edge Financial Daily

Public Bank Bhd posted another record net profit for
its 1Q ended March 2012, buoyed by strong loan growth, higher
deposits and non-interest income, and the application of new
accounting policies.

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PREVIOUS ITEMS

Source: http://feeds.reuters.com/~r/reuters/financialsNews/~3/1tkjHoztULM/malaysia-press-idUSL3E8FJ0B620120419

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Mortgage Interest Deduction Faces Opposition

Tax Day is April 17, and many Chicago real estate owners are counting on the mortgage interest deduction as a saving grace in these tough economic times. However, some policy makers are waging a war to eliminate the deduction citing it as a tax loophole and a reward for the rich to buy more homes [...]

Source: http://www.chicagolandrealestateforum.com/2012/04/16/mortgage-interest-deduction-faces-opposition/

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Noisy Neighbors? Solutions for Creating Sound Barriers

It?s a common complaint among city-dwellers that the walls and floors separating one apartment from another allow sounds from one side to pass too easily through [...]

Source: http://feedproxy.google.com/~r/ZillowBlog/~3/vCG2zexmoew/

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Z Speaker Series: GrubHub Co-founders Mike Evans and Matt Maloney (VIDEO)

The co-founders of GrubHub stopped by Zillow employees to give a lunchtime talk.

Source: http://feedproxy.google.com/~r/ZillowBlog/~3/d9uOvpChuao/

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Warren Buffett has prostate cancer, sees no danger

(Reuters) - Berkshire Hathaway Inc Chief Executive Warren Buffett said he has stage 1 prostate cancer but his condition "is not remotely life-threatening or even debilitating in any meaningful way."

Source: http://feeds.reuters.com/~r/reuters/businessNews/~3/6tweAb9ewRQ/us-berkshirehathaway-idUSBRE83G1H320120418

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UPDATE 2-Kazkommertsbank aims 2012 net profit growth at 5-10 pct

* Bank sees 2012 net rising 5-10 pct, same target as last yr

Source: http://feeds.reuters.com/~r/reuters/financialsNews/~3/Cnjk3UaZK_g/kazkommertsbank-idUSL6E8FIBVC20120418

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BRIEF-Moody's:Oversupply of dry-bulk shipping to keep freight rates low until 2013

* Moody's:Oversupply of dry-bulk shipping to keep freight rates low until 2013

Source: http://feeds.reuters.com/~r/reuters/financialsNews/~3/QBWwNYTA88k/idUSWLA652320120418

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