Powell Real Estate News
Real Estate news for Powell, TX continually updated from thousands of sources.
Aug 17, 2011 | via American Reporter
I am a believer in dreams, and when I had a waking dream a few days after the S&P downgrade of our national debt of President Obama packing his bags and leaving the White House, I was saddened for him and for my country. But the great thing about dreams, if they are truly predictive, is that they give you time to change the future, and I'm going to try doing that with this advice. Comment?
Monday | via Townhall
In response to Chicago Suburbs $1 Million+ Home Sales "Not Totally Dead" Yet; Rush for the Exit , I received emails from Virginia and Texas about slowdowns in those states. Anecdotes do not constitute "data" but all three stories show significant weakness at the high-end in widely varying areas with distinct economic backdrop differences. Comment?
Saturday Oct 10 | via The Columbus Dispatch
Wells Fargo Bank has filed for foreclosure on Fifth Third Center, 21 E. State St., after the Texas-based owners of the Capitol Square skyscraper defaulted on the mortgage. Dallas-based Tier REIT, formerly known as Behringer Harvard REIT, acquired the Fifth Third Center in 2007 as part of a larger $1.4 billion acquisition of IPC US REIT, a Toronto-based real-estate investment trust that owned about 10 million square feet of office buildings in the United States. Comment?
Thursday Oct 8 | via Inman Real Estate News
Home prices are well above historic norms in oil-dependent markets, but that trend may shift in the opposite direction. Five Texas metros and three states that are oil-dependent remain at a high risk for home price declines over the next two years. Comment?
Thursday Oct 8 | via Dallas Morning News
It can be especially daunting for first-time homebuyers in today's overheated market. Demand outstrips supply, prices are high, and mortgage rates are rising. Comment?
4 min ago | via American Reporter
Those who thought that last week's government bailout of Fannie Mae and Freddie Mac would stabilize the financial markets got a wakeup call this week. Lehman Brothers, the fourth-largest U.S. investment bank, succumbed to the subprime mortgage crisis it helped create with the biggest bankruptcy filing in history. Comment?
5 min ago | via American Reporter
Will wonders never cease? I never thought the right-wing Republicans of the House of Representatives would join arms with the progressive Democrats that populate this newspaper and put the kibosh on President George W. Bush's greedy, unrealistic and anti-American $700 billion bailout plan for Wall Street. We hear the arguments about the impending ctastrophe, and we even admit that a few catastrophes are more than likely going forward without the plan. Comment?
6 min ago | via American Reporter
After President Bush, Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke pressured congressional leaders to approve a $700 billion bailout of the financial markets as soon as possible to prevent a global economic panic, lo and behold, we still ended up with a global panic. Perhaps it eased a bit with Monday's 936-point gain, but that remains to be seen. Comment?
1 hr ago | via The Age
Will the other banks follow Westpac and raise their owner occupier mortgage rates as well, and how can smaller lenders take advantage? One bank raising interest rates may not seem like such a big deal, but Westpac's decision to jack up variable mortgage interest rates on Wednesday is more significant than it may appear. Here's why. Comment?
1 hr ago | via The Age
One of the10 fintech start-ups that joined a UK Trade & Investment delegation to London last month has decided to relocate there, suggesting governments and regulators need to lift their game to keep entrepreneurial talent in Australia. Lend2Fund, a marketplace lender for commercial property deals, says Britain's financial regulator, the Financial Conduct Authority, is more transparent and collaborative than the Australian Securities and Investments Commission. Comment?
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