As a former banker for nine years and having been on the front lines during the boom and bust of the real estate market, and then the overall economy, I believe the actions of the banks in the last year are in direct response to the new regulations and oversight being implemented. ...more

December 20, 2009

Mortgage rates rose this week but still remained below 5 percent, Freddie Mac said Thursday. ...more

December 11, 2009

Home sales far exceeded expectations in October, surging to the highest level in 21/2 years as first-time buyers rushed to take advantage of an expiring tax credit. ...more

November 24, 2009

The Federal Reserve said Wednesday that it will deploy an additional $1.2 trillion to try to lower interest rates and stimulate the economy, an aggressive move aimed at containing the recession. ...more

March 19, 2009

Realtors across the country have been advocating for a comprehensive stimulus package to reduce housing inventory, make mortgages more affordable and available, and help deserving families refinance or modify their loans so they can keep their home. The 650-plus members of the Heartland Association of Realtors and the Lake Placid Board of Realtors are committed to these goals and to getting something done immediately. ...more

February 8, 2009

An index that tracks signed contracts to purchase existing homes rebounded in December, as buyers snapped up properties at deep discounts, especially in the South and Midwest. ...more

February 4, 2009

New-home construction plunged to an all-time low in December, capping the worst year for builders on records dating back to 1959. ...more

January 22, 2009

Rates on 30-year mortgages set a record for a fifth straight week by dropping to below 5 percent, the lowest mark since Freddie Mac started tracking the data in 1971. ...more

January 15, 2009

U.S. mortgage rates dropped to the lowest level in nearly four decades this week as the government stepped up efforts to revive the housing market. ...more

January 1, 2009

Madoff Monitored By Feds; Obama Reacts To Scandal NEW YORK (AP) - Bernard Madoff spent his first day under electronic monitoring Thursday as President-elect Barack Obama said the scandal brought on by the disgraced investor "has reminded us yet again of how badly reform is needed." ...more

December 21, 2008