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News
Stocks
Drop as Housing Slump Spreads (Washington
Post)
Stocks fell last week and were
poised for their first fourth-quarter decline since 2000 after government
reports on durable goods and unemployment reinforced speculation that the
housing-market collapse will push the economy into recession.
U-M,
MSU rise on list of best college values (Detroit Free
Press)
Two of Michigan's universities
today appear on Kiplinger's Personal Finance annual list of 100 Best Values
in Public Colleges.
Getting
buyers to bite (The Beacon
News)
Realtors are not the only ones
fighting for home buyers. Some home builders in the Fox Valley are showing
that they, too, have what it takes to lure buyers.
Paulson:
'Inevitable' housing correction is hard to solve (USA
Today)
The Bush administration is working
on a number of fronts to combat the country's severe housing crisis but there
is no simple solution to the problem, Treasury Secretary Henry Paulson said
Monday.
BUILDER
Magazine's December Issue Helps Home Builders Rightsize in the New Year (PRWeb
via Yahoo!
News)
Home builders are combating
market decline with building innovation and company reorganization, reveals
BUILDER Magazine's December issue.
Sublease
space may hold back office market
(BizJournals)
When CompuCredit Corp. and Capmark
Financial Group Inc. put nearly 135,000 square feet of office space back
on the market late last year, it confirmed what many already knew -- the
subprime mortgage crisis wasn't just a problem for home builders and real
estate agents. (BXC)
On
the Rebound? (Daytona Beach
News-Journal)
By JOE CREWS, Business Writer
"Obviously, we all hope the market will get better," said Bob Razler, president
of Orleans Home Builders' Florida division.
Home
builders cheating victims again, some say (The Columbus
Dispatch)
To the outrage of many of their
victims, Stephen and Cathryn McCathern were released from prison in June
2006 more than three years early.
Lawsuit
clams Apple monopolizes online music market (Detroit Free
Press)
LOS ANGELES —
An iPod owner is suing Apple Inc., claiming it restricts consumer choice
and has monopolized the digital music market because its popular line of
music players and its iTunes online music store are not compatible with rival
music devices.
Affordable
Housing Investments Pay Off as Minnesota Leads Country With Highest Rate
of Homeownership (Smart Growth
Online)
The state leads the country with
a 76.3-percent homeownership rate thanks largely to its investment of $1.6
billion over two years in affordable housing, said Minnesota Housing Finance
Agency Commissioner Timothy E. Marx, counting among the aid recipients the
nonprofit Hope Community organization, which has been working on transformation
of the Phillips area, just south of downtown Minneapolis, ...
Home
builders elect new officers (Lawrence
Journal-World)
The Lawrence Home Builders
Association elected new officers for its board of directors during a meeting
Jan. 3.
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