Real Estate News - Lori McNutt

Houlton, Aroostook County and Maine Real Estate

Representing both buyers and sellers to serve all of your real estate needs

Buying or Selling Real Estate in Northern Maine? Contact Lori at (207)538-6389, Or stop in at 21 Market Square in Downtown Houlton Maine!!

WSJ.com: Real Estate
Wachovia Unloads Troubled Loans	8/19/2008 10:30 PM
A venture headed by LandCap is buying $40 million in troubled land and construction loans from Wachovia.
Debt Costs Stoke Fears for Freddie	8/19/2008 9:20 PM
Freddie Mac was forced to offer unusually rich terms in a $3 billion auction of its debt, fueling concerns about a possible bailout.
Housing's Chill Hits Apartments	8/19/2008 8:27 PM
The specter of job losses is beginning to take a toll on apartment buildings as would-be renters are doubling up in apartments or moving in with friends and families.
Housing Downturn Hits Home Depot	8/19/2008 8:10 PM
Home Depot's profit fell 24% on lower sales as the home-improvement retailer struggled to sell big-ticket items. (Home Depot conference-call transcript)
Mortgage Securities Stir in U.K.	8/19/2008 7:48 PM
Alliance & Leicester, a British bank, sold about $745.7 million of high-quality bonds backed by home loans this week in a rare sign of life in the market for mortgage securities.

MSNBC.com: Real estate
Fannie, Freddie woes raising mortgage rates	8/19/2008 4:27 PM
Jeff Jaye, a mortgage broker in Northern California, used to rely on homeowners looking to refinance their loans for more than two-thirds of his business. Today, he rarely bothers with those applications because he knows most homeowners can't qualify for a new loan.
New home construction falls to 17-year low	8/19/2008 9:22 AM
Construction of homes and apartments fell in July to the lowest level in more than 17 years, the government reported Tuesday.
Foreclosures likely skewing housing indicator	8/19/2008 2:42 PM
As if the housing market wasn’t scary enough, the record-setting surge in foreclosures could be distorting some of the closely watched housing data used to gauge the market’s health.
'Liar loans' threaten to prolong mortgage mess	8/18/2008 12:46 PM
The nation's struggling housing market, already awash in subprime foreclosures, is now getting hit with a second wave of losses as homeowners with liar loans default in record numbers.
Fannie, Freddie fall on renewed bailout fears	8/18/2008 5:05 PM
Whether or not the government is actually on the verge of taking over mortgage finance companies Fannie Mae and Freddie Mac, investor fears that a bailout is imminent could turn such a worst-case scenario into reality.
Homebuilder sentiment remains unchanged	8/18/2008 1:08 PM
Homebuilders are a little more optimistic about the prospects for home sales over the next six months, but an index reflecting the sector's confidence overall remained at an all-time low, an industry trade association said Monday.
Regulations affecting appraisers largely useless	8/18/2008 8:01 AM
As soaring home prices set the stage for America's great housing meltdown, a critical step in making sure those home sales were a fair deal — the real estate appraisal — was undermined from within.
Inflated appraisal nearly cost couple their home	8/17/2008 1:18 PM
After 25 years as a doorman on Manhattan's Upper East Side, Carl Petrone was ready to retire from the cold winters and his daily commute.
Best places to raise a family in the U.S.	8/17/2008 11:32 AM
Hamilton County, Ind., tops Forbes' list. Ozaukee County, Wis., and Johnson County, Kan. came in second and third.
The fastest dying cities in the United States	8/14/2008 10:40 AM
The turmoil of the mortgage market granted a temporary reprieve from hearing about the woes of America's Rust Belt.

NYT > Real Estate
Property Values: What You Get for ... $500,000	8/20/2008 12:28 AM
A three-bedroom converted storehouse in New Orleans; a four-bedroom two-bath house near downtown Anacortes, Wash.; and a three-bedroom home in Maine.
In Uruguay, at Home on the Beach, and in the Country	8/19/2008 6:18 PM
Despite Punta del Este’s expensive reputation, real estate prices vary enormously.
A New Generation Moves On, but Not Too Far	8/15/2008 9:04 PM
Young Asian-Americans in New York are buying in high-rises that have great amenities. The surprise is that many are settling in a few buildings close to their old neighborhoods.
The Hunt: And Now a Homeowner	8/15/2008 11:49 PM
After feeling priced out of most of Manhattan, Micah Bergdale found a 1,500-square-foot co-op in the Bronx for $265,000.
Streetscapes \| Second Avenue at Eighth Street: 1880s Features, Unveiled Again	8/15/2008 9:06 PM
The rich red-brick-and-terra-cotta building at 137 Second Avenue, near East Eighth Street, has a new owner, and work is under way on uncovering its unusual decoration from 50 years of entombment.

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