Posts Tagged ‘ residential sector ’

End to Housing Market Meltdown in Sight?

Aug 12th, 2008 | By RT Staff | Category: Housing News

The United States is still suffering the worst housing market downturn since the Great Depression, but a slew of factors suggest the worst may soon be over.
Among the strongest signs that the the hard-hit sector could be recovering, home prices in many regions of the country are now falling at a slower rate, after two [...]



Real Estate Agents Willing to Cut Commission

Aug 4th, 2008 | By RT Staff | Category: Housing News

When it comes to residential real estate these days, it seems everything’s subject to negotiation.
That includes the real estate broker’s cut on the deal, according to a report issued Monday by Consumer Reports. Based on a recent survey of home sellers, 46 percent of people trying to sell their homes through agents tried to negotiate [...]



Tamalpais Bank to Enter Residential Mortgage Business

Jul 16th, 2008 | By RT Staff | Category: Financial News

Tamalpais Bank (NASDAQ:TAMB) today announced a strategic relationship with Petaluma-based First California Mortgage Company to immediately begin offering residential home purchase and refinance loans of up to $10 million.
Tamalpais Bank CEO/chairman/president Mark Garwood said, “We are heeding the call of Fed chief Ben Bernanke. He has suggested that community banks play a more prominent role [...]



U.S. May construction spending fell 0.4 percent

Jul 1st, 2008 | By RT Staff | Category: Financial News

U.S. construction spending fell 0.4 percent in May on continued deterioration in the residential sector, but outside of home building private spending rose for the fifth consecutive month, government data on Tuesday showed.
Economists polled by Reuters ahead of the report were expecting a 0.6 percent decrease in overall construction spending after a 0.1 percent drop [...]