Investment in Canadian commercial real estate declined sharply in the first half of 2008 and investment for the year as a whole is expected to be considerably lower than last year’s record level, says a mid-2008 report on the investment market by CB Richard Ellis Limited.
The report says that in the first six months of [...]

The Mortgage Bankers Assocation said Wednesday that its composite index of loan applications rose slightly in the week ended Aug. 22, as interest rates slipped.
The composite index rose a seasonally adjusted 0.5%, the MBA said, as the refinance index increased 0.3% from the previous week and the purchase index increased 0.6%.
The refinance share of mortgage [...]

The Bankruptcy Court in Phoenix has been very busy the last couple months trying to come to a conclusion on the Mortgages Limited Securities case. Some parties ended up with smiles of relief, while the majority of investors are taking a major loss. A quick history lesson and recap of the current situation:
MLS (short for [...]

Federal Reserve policy makers agreed at their meeting three weeks ago that their next change in interest rates will be to raise them, while reaching no conclusion on the timing of such a decision, according to minutes of the gathering released in Washington today.
“Although members generally anticipated that the next policy move would likely be [...]

A recovery in the U.S. housing market from the worst slump since the Depression is unlikely until “well into 2009,” Housing and Urban Development Secretary Steve Preston said today.
“I think we’re right in the middle of it, and I think we have a ways to go before we start seeing a turnaround,” Preston said today [...]

Mercer County’s more affluent communities, including Princeton and West Windsor, have experienced an increase in foreclosure notices during the past year, according to an analysis by The Packet of records filed with the county clerk’s office.
Both towns have seen a tripling of initial notifications of foreclosure proceedings, year over year. In Lawrence Township, such notices [...]

Existing home sales in the Midwest tumbled 17 percent last month from July 2007, while the median price in the region inched up to more than $175,000, the National Association of Realtors said Monday.
In all 12 Midwestern cities tracked in The Associated Press-Re/Max Monthly Housing Report, also released Monday, sales fell by at least 10 [...]

Long before the mortgage crisis began rocking Main Street and Wall Street, a top FBI official made a chilling, if little-noticed, prediction: The booming mortgage business, fueled by low interest rates and soaring home values, was starting to attract shady operators and billions in losses were possible.
“It has the potential to be an epidemic,” Chris [...]

Florida’s existing-home sales held steady last month for the first time in years, as lower prices appeared to help the statewide market stabilize.
Metro Orlando accounted for more than one of every 10 resales across the state in July, according to the Florida Association of Realtors, which reported 11,498 single-family home sales on Monday — just [...]

There were predictions as recently as last autumn that the slowdown in home buying and home building would benefit the remodeling industry.
So far, that hasn’t happened. The latest word is that it probably won’t.
“The slumping economy and struggling housing sector continues to drag down spending on home improvements,” said Nicolas P. Retsinas, director of the [...]