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business / Real Estate-US

U.S. housing construction up, but picture is mixed
WASHINGTON— Housing construction rose in August, but the results were mixed, with the large single-family sector falling for the first time in six months.
Mercury News Thursday, September 17, 2009

Mortgage rates edge down closer to record lows
WASHINGTON — Rates for 30-year home loans edged down for the third-straight week and are close to record lows reached over the spring.
Mercury News Thursday, September 17, 2009

FTC considering ban on loan modification scams
WASHINGTON — The head of the Federal Trade Commission said Thursday the agency is considering banning upfront payments to companies that advertise help for borrowers who are in trouble on their home loans.
Mercury News Thursday, September 17, 2009

Bay Area home sales dip in August
A total of 1,736 homes of all types '” new and resale houses and condos '” sold in the county in August. That was a sharp, unseasonal 21 percent drop from July, but still an improvement over sales in August last year.
Mercury News Thursday, September 17, 2009

Silicon Valley home sales dip in August; fewer bargains on the market
A total of 1,736 homes of all types '” new and resale houses and condos '” sold in Santa Clara County in August. That was a sharp, unseasonal 21 percent drop from July, but still an improvement over sales in August last year.
Mercury News Thursday, September 17, 2009

Authorities crack down on 2 mortgage aid firms
Federal authorities are cracking down on two companies that promised homeowners help with their mortgages, accusing them of posing as government agencies.
Msn Thursday, September 17, 2009

Madoff's beach house bought for more than $8.75 million asking price
The fallen money manager's Manhattan penthouse and Florida vacation home are still on the market.
Mercury News Thursday, September 17, 2009

FTC considering ban on upfront loan modification fees
WASHINGTON — The head of the Federal Trade Commission said Thursday the agency is considering banning upfront payments to companies that advertise help for borrowers who are in trouble on their home loans.
Mercury News Thursday, September 17, 2009

Clock ticking on first-time homebuyer tax credit
As days tick off the calendar, the life span of the much-ballyhooed tax credit for first-time homebuyers is drawing to an end - unless Congress decides to extend it.
Msn Thursday, September 17, 2009

Housing construction hits highest in 9 months
Housing construction rose in August and the number of newly laid-off workers seeking unemployment aid fell unexpectedly last week, adding to signs the recession has ended.
Msn Thursday, September 17, 2009

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