Allison Park Real Estate

Featured Article

• Wachovia Changes The Lending Game

  Wednesday Jul 2 | via Realty Trac 

  With assets of more than $800 billion, Wachovia is the nation's fourth-largest banking institution .

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

Local Headlines

• Soaring gas prices spur beginnings of a flight from suburbia

  Jun 7, 2008 | via Times Leader 

  When it took $45 to fill the gas tank in Eric Wallace's Honda Civic, he knew his days of driving 40 miles each way to work couldn't last.

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  Related Topix: Arnold, PA, Leetsdale, PA, Allegheny County, PA, Real Estate, Home Listing, Home

• New housing era presents unique challenges

  Jun 16, 2008 | via Pittsburgh Business Times 

  Veteran home-builder Murray Rust of Montgomery & Rust Inc. stands near two houses — one occupied, another under construction — at Hampton Woodlands in Hampton Township.

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  Related Topix: Home, Mortgage, Hampton Township, PA, Housing, Allison Park, PA

• Pittsburgh Housing Market Continues To Slump

  Friday Jun 20 | via ThePittsburghChannel 

  Pittsburgh's slumping housing market is showing no sign of a rebound. In May, sales dropped 21 percent, which is the steepest the city has seen this year.

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  Related Topix: Freedom, PA, Beaver County, PA, Pittsburgh Metro, Housing, Beaver, PA, Real Estate

• Pittsburgh-area home foreclosures rise nearly 7 percent

  Apr 25, 2008 | via Times Leader 

  A company that tracks real estate transactions in the Pittsburgh region says home foreclosures rose 6.9 percent in the first quarter of 2008.

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  Related Topix: Pittsburgh Metro, Foreclosures, Beaver, PA, Allegheny County, PA, Beaver County, PA, Westmoreland County, PA

• Home foreclosures in Pittsburgh region set new record

  Apr 25, 2008 | via PittsburghLIVE.com 

  Foreclosures during the January-March quarter of 2008 set a new record in the five-county Pittsburgh region with 1,187 houses lost by homeowners through this action, a local real estate tracking company ...

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  Related Topix: Pittsburgh, PA, Foreclosures, Allegheny County, PA

Regional Headlines

• State Capitol Roundup for July 18

  Yesterday | via Tony Phyrillas 

  I thought the Legislature was on its 2-month summer vacation, but it appears some lawmakers are still in Harrisburg.

  Comment?

  Related Topix: Harrisburg (Pennsylvania State University System), Pennsylvania, Pennsylvania Government, Home, Mortgage

• Wachovia's Brokerage Inspected by State Regulators in Auction-Rate Probe

  Thursday Jul 17 | via Bloomberg 

  Wachovia Corp. 's securities division was inspected by a team of regulators from more than five states who delivered subpoenas today as part of a probe into the company's sales of auction-rate bonds.

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  Related Topix: Marketing, Advertising, Boston University, Pennsylvania

• Don Spatz,

  Wednesday Jul 16 | via Reading Eagle/Reading Times 

  I've taken shots at the Pennsylvania Department of Banking for hiding behind a legal gag and refusing to say what really happened in the Wesley Snyder case.

  Comment?

  Related Topix: Pennsylvania, Federal Prisons, Home, Mortgage, Mortgage, Personal Finance

• Consumer Prices Jump by the Most Since 2005 on Surge in Fuel, Food Costs

  Wednesday Jul 16 | via Bloomberg 

  Prices paid by U.S. consumers jumped in June by the most since 2005 on spiraling costs for fuel and food, intensifying the pressure on households struggling with falling home prices and the credit crunch.

  Comment?

  Related Topix: Housing, Ben Bernanke, Pennsylvania

• Economic Outlook: Midwestern banks to see tough round of quarterly results

  Sunday Jul 13 | via MarketWatch 

  A wave of gloomy results from the second quarter are expected to be the highlight of reports that Midwestern regional banks will issue in the coming days, analysts say.

  Comment?

  Related Topix: Housing, Banking, Financial Services, Citigroup, US Bancorp, Marshall University, Pennsylvania

National Headlines

• Paulson warns of tough months

  5 min ago | via CNN 

  Treasury Secretary Henry Paulson sought to reassure an anxious public Sunday that the banking system is sound, while also bracing people for more troubled times ahead.

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  Related Topix: Financial Services, Home, Mortgage, Mortgage, Personal Finance, Fannie Mae, Freddie Mac

• Paulson: Banking system sound, deposits protected

  6 min ago | via WAVE-TV Louisville 

  The treasury secretary says the list of troubled banks will grow longer as they struggle to cope with big losses on bad mortgages.

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  Related Topix: Home, Mortgage, Mortgage, Personal Finance

• Banks sound but economy to take time: Paulson

  14 min ago | via West Linn Tidings 

  The U.S. economy needs months to recover from its slowdown, but the banking system remains sound despite a home mortgage crisis that could cause more problems, Treasury Secretary Henry Paulson said.

  Comment?

  Related Topix: Mortgage, Personal Finance, Home, Mortgage, US News

• Many Ada County property owners get a break

  16 min ago | via Fort Mill Times 

  More than 1,000 property owners in southwestern Idaho's highly populated Ada County asked for a reduction in assessed property value in an attempt to lower their property taxes.

  Comment?

  Related Topix: Ada County, ID, Real Estate

• Woes of U.S. credit crisis: lack of regulation?

  17 min ago | via The Hindu 

  "Issuers should only launch products which are easy to understand and easy to measure risk" The developments in the U.S. sub-prime markets or housing mortgage markets have brought to the fore several issues ...

  Comment?

  Related Topix: Burbank, CA, Chicago (University of Illinois System), University of Illinois System, Home, Mortgage, Mortgage, Personal Finance