“Midtown Manhattan office rents have dropped an average of 28 percent in asking price from the peak last year and the market may be near its bottom, according to a report by real-estate brokerage CB Richard Ellis Group Inc.”
Entries Tagged 'mortgage news' ↓
Midtown Manhattan Office Rents Near Low, Broker Says
June 21st, 2009 — mortgage news
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If you like this then please subscribe to the Mexico housing demand to slump in 2009, gov’t warns
June 21st, 2009 — mortgage news
Fewer Mexicans are buying homes this year as a deep recession and rising unemployment make buyers wary, Finance Minister Agustin Carstens said on Thursday.
“Demand for housing this year will be 7.1 percent less than in 2008,” Carstens told executives at a mortgage industry event.
southland median home price rises for first time since 2007
June 21st, 2009 — mortgage news
” The median home price paid for all new and resale homes and condos in the six-county Southland was $249,000 last month, up 0.8 percent from April, but still 32.7 percent below the $370,000 median seen a year ago, according to DataQuick.”
Federal Housing Administration to play expanded role
June 21st, 2009 — mortgage news
“With some early signs that the housing market is stabilizing, HUD Secretary Shaun Donovan said today that President Obama’s continuing efforts to “fix a financial system that’s broken” meant that the Federal Housing Administration would play an increasingly larger role in mortgages.”
China Commodities Undercut USDollar
June 21st, 2009 — mortgage news
The Chinalco/Rio Tinto failure will motivate a new course in China policy to spread portfolio risks via diversification. They have decided, with the hedge fund approach, to use a double pronged phalanx approach. They will invest tens of billion$ to acquire hundreds of exposures across a broad range of companies in the West, under managed portfolios. They will undercut the politically motivated financial attacks against those hedge funds themselves. If the USGovt defies Beijing, then the great creditor can yank a cord and deny USTreasury Bond purchase until the vassal turns more obedient.
China will not openly sell the USDollar, which means openly dump their USTreasurys and USAgency Mortgage Bonds. Doing so would constitute an open declaration of financial war, thereby destroying the value of its reserves and inviting open war with the US. Instead, China will continue to encircle the USDollar, to encircle the vast supply chain, and pursue what should be regarded as a tight noose around the neck of the USGovt and USEconomy. Call it a pair of leashes as they walk the dog of war. Recent efforts to establish the Chinese yuan currency as a global reserve alternative have proven effective. See the landmark deal with Brazil. Settlement of international transactions will more often be completed in currencies outside the USDollar sphere. What we are witnessing is a death of the USDollar by a thousand cuts, a Chinese torture tradition. The Beijing leaders have decided, for political and practicality reasons, to employ the Gradualist Approach.
Premium Alert: 1st Metropolitan, 2 Implodes and possibly others
June 21st, 2009 — mortgage news
Read the latest full scoop — premium members only (cheap, $10/mo subscription required. Cancel at any time).
Freddie Mac: Inflation Data Sends Rates into Retreat
June 18th, 2009 — mortgage news
Freddie Mac's Primary Mortgage Market Survey for the week ended June 18 showed significant decreases in all mortgage products although they are still above the record low territory of late spring. The 30-year fixed rate mortgage (FRM) dropped to 5…(read more)
Mid-Morning Recap: Data is Encouraging, Market Response Limited
June 18th, 2009 — mortgage news
Stocks opened on par with yesterday’s close but have since climbed higher on encouraging data reports. A weekly labor report showed mixed results, a regional manufacturing report showed significant improvement, and the leading indicators index improved…(read more)
