Former Fannie CEO will not testify before Senate (Reuters)
Reuters - Former Fannie Mae Chief Executive Officer Franklin Raines will not testify at a U.S. Senate Banking Committee hearing on the mortgage finance giant's $11 billion accounting scandal, the panel said on Wednesday. More »
FSBO Web site seeks to overturn N.H. real estate law
Lawsuit is similar to successful challenge in California More »
Lawmaker asks DOJ to probe Fannie execs (AP)
AP - A senior House lawmaker has asked the Justice Department to investigate whether Fannie Mae's former chief executive and former finance chief lied to Congress in sworn testimony in 2004. More »
A Defensive Play, REITs Hang In As Stocks Tank (Investor's Business Daily)
Investor's Business Daily - Real estate investment trusts are holding up better than the general stock market. More »
Spark a discussion, connect with a real estate client
Part 2: Online communities build buzz for real estate biz More »
Harvard University Predicts Soft Landing for Housing Market
As long as jobs continue to be created and builders curb production sharp drops in residential real-estate prices are unlikely, the Joint Center for Housing Studies says. Foreign born and minority homeowners will help lift property investments to new highs in the next decade, the study says. More »
Local Landlords Are Moving Into Faraway Markets to Cash In
Even as the market for single-family homes dampens in much of the U.S., individual real-estate investors are seeking out profits by snapping up rental properties far from their home markets. More »
Seven Money-Stretching Tips For Sellers in a Cooling Market
After a prolonged housing boom homeowners are discovering that getting a good price for their residence is harder. Tactics to help you make the most out of the sale of your property. More »
Fannie Mae execs to appear before Congress (AP)
AP - The top two executives of Fannie Mae will appear before Congress as pressure mounts on the mortgage giant from government officials seeking to rein in its growth in the wake of an $11 billion accounting scandal. More »
Fund Flows Into Home Builders Are Slow but Remain Positive
General investor sentiment cooled in May from April with consumers carefully cherry-picking home-building stocks. Increased interest was shown for Centex Corp., Meritage Homes Corp., Standard Pacific Corp., Pulte Homes Inc. and WCI Communities. More »
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Car Makers Find Their Home In Alabama's Birmingham
Once known as the Pittsburgh of the South because of its strong ties to the steel industry, the region's more diversified economy and growing auto sector is stoking demand for industrial properties. More »
Overnight real estate rates creep higher
30-year fixed rate at 6.2%; 10-year Treasury yield at 5.06% More »
CEO: Days of 'arrogant, defiant' Fannie Mae had to end
Mudd details steps in progress to 'fix' mortgage giant More »
Real estate ratings by the people for the people
Interactive directory site steps up community features More »
Study Says 39% of U.S. Housing Is at Risk for Falling Home Values
In the first quarter, 71 markets were deemed to be overpriced based on median sales prices, population, median income and historic values. Most at risk for a correction are California and Florida, according to the report. More »
'Undervalued' Town Lacks Buyers; Economists Fail to Predict Prices
An analysis ranked houses in College Station, Texas, as the greatest bargain in the U.S. But a visit to the area shows the dangers of relying too heavily on economic models to determine where the housing market is headed. More »
Savvy agents tap softening for-sale-by-owner market
Declining Web traffic yields opportunity to boost biz More »
Realtor builds virtual community for Ohio neighbors
Part 3: Online communities build buzz for real estate biz More »
Overnight real estate rates climb
30-year fixed rate at 6.24%; 10-year Treasury yield at 5.1% More »