Alfred Real Estate

Featured Article

• High-End Foreclosures Rising Among Top Tier Homes

  Monday Jun 30 | via Realty Trac 

  Until now, the foreclosure crisis was confined to a narrow niche of middle-class urban communities and outer-rim new housing developments where first-time homeowners and real estate speculators benefited ...

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  Related Topix: Housing, Home, Mortgage

Local Headlines

• Buffalo area tops for job growth

  Friday Jul 18 | via Buffalo News 

  Where was the New York State metro area with the hottest job growth in June? Would you believe Buffalo Niagara? While the region's job market was more tepid than scorching hot, the area still managed to add ...

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  Related Topix: Home, Mortgage, New York, Buffalo, NY, Buffalo Metro, Allegany County, NY

• Foreclosures are higher in WNY's rural areas

  Feb 3, 2008 | via Buffalo News 

  The pain from the subprime mortgage meltdown is being felt the most in rural portions of Western New York - from Lakewood and Frewsburg to Gasport and LeRoy.

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  Related Topix: Wyoming County, NY, Allegany County, NY, Allegany, NY, Housing

• Housing slump not felt locally

  Jan 14, 2008 | via Http 

  While larger markets across the nation wade through a housing slump, some local Realtors say 2008 is looking good for them.

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  Related Topix: Franklinville, NY, Housing, Allegany County, NY, Olean, NY

Regional Headlines

• National City posts $1.76 billion loss for quarter

  7 hrs ago | via Lansing State Journal 

  NEW YORK - Regional bank National City Corp. on Thursday reported a $1.76 billion loss for the second quarter, as mortgage loans soured and it took a big charge related to previous acquisitions.

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  Related Topix: New York, Home, Mortgage, National City Corporation, Banking, Financial Services

• Irwin to sell home equity loans for $1B

  1 hr ago | via IBJ.COM 

  Columbus-based Irwin Financial Corp. said late yesterday that it has struck a deal to sell $1 billion of home equity loans to a New York firm and to securitize an additional block of loans with the same firm.

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  Related Topix: New York, Irwin Financial, Banking, Financial Services, Home, Mortgage

• For the Record: News and Notices from Local Elected OfficialsJuly 24, 2008

  12 hrs ago | via The Brooklyn Daily Eagle 

  Assemblywoman Janele Hyer-Spencer , Assemblyman Michael Cusick and Assemblyman Matthew Titone announced the Assembly passed legislation addressing the subprime mortgage crisis and providing some assistance to ...

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  Related Topix: Subprime Mortgage Crisis, Home, Mortgage, Mortgage, Personal Finance, Foreclosures, New York

• Fed Report Portrays Grim Economy

  21 hrs ago | via Realtor Magazine 

  The Federal Reserve's Beige Book report for the latest six-week period portrays the economy as increasingly weak across most of the U.S. All 12 districts reported slower home sales, continuing big inventories ...

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  Related Topix: Housing, New York, Mortgage, Home

• National City Rises as Chief Executive Says Bank Has `Sufficient Capital'

  22 hrs ago | via Bloomberg 

  National City Corp. rose as much as 11 percent in New York trading after Chief Executive Officer Peter Raskind said the bank, Ohio's largest, has enough capital to survive the credit-market contraction.

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  Related Topix: New York, Home, Mortgage, Mortgage, Personal Finance, National City Corporation, Banking, Financial Services, IndyMac Bancorp

National Headlines

• Foreclosures Up 121% From Last Year

  5 min ago | via WSRS-FM Paxton 

  Home foreclosure filings rose 14 percent in the second quarter, the eighth consecutive quarterly climb, and more than doubled from the same period a year-earlier, real estate data firm RealtyTrac said on ...

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  Related Topix: Florida, OH, Foreclosures, Home, Mortgage, Mortgage, Personal Finance, Housing

• N.H. home sales off sharply in first half of '08

  5 min ago | via The Citizen 

  Meantime, the median sales price fell 8 percent, the New Hampshire Association of Realtors said Thursday.

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  Related Topix: Housing, Real Estate, Foreclosures

• 30-year mortgage rates rise in US

  6 min ago | via Houston Home-Journal 

  Mortgage rates have risen in the US over the past week with 30-year mortgages climbing to the highest level in nearly a year.

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  Related Topix: Mortgage, Personal Finance, Home, Mortgage

• US home foreclosures rise

  6 min ago | via BBC 

  The number of US homes in some stage of foreclosure more than doubled between April and June from the previous year.

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  Related Topix: Foreclosures, Mortgage, Personal Finance, Home, Mortgage

• Housing rescue on track to pass Senate by Saturday

  7 min ago | via Ann Arbor News 

  The Senate has cleared the last hurdle to passing a massive housing rescue bill.

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  Related Topix: US Politics, US News, 2008 Presidential Election, George Bush, Foreclosures, Mortgage, Personal Finance