Three leading real estate analysts, each representing a powerful industry organization, offered their insight on changing realities in real estate and the channels where they see signs of redemption at the National Association of Real Estate Editors 43rd annual real estate journalism conference in Washington...
Pulte to Buy Centex for $1.3 Billion in Survival Bid Bloomberg In a transaction that would create the nation’s largest U.S. homebuilder by revenue, Pulte Homes Inc. agreed to buy Centex Corp. for $1.3 billion in an all-stock deal, throwing each of them a lifeline in the worst housing slump since...
Builder Offers 3.99 Percent Rate on Mortgage January 22, 2009 Wall Street Journal Toll Brothers just lowered the bar for the home building industry. Horsham, Penn.-based Toll this week started offering a 3.99% fixed mortgage rate for loans $417,000 or below for 30 years with no points, one of —...
For millions of Americans facing foreclosure, the Federal Reserve’s interest rate cut this week was welcome news that could possibly help save thousands of homeowners from default by giving them the opportunity to refinance their adjustable-rate loan into a fixed-rate mortgage with a lower interest rate...