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Sales of homes in 39 states rose in the second quarter

Sales of homes in 39 states rose in the second quarter

In the United States, home sales finally rose in the second quarter in 39 states. This is one of the factors indicating that the housing market may be perking up a bit after the sub prime lending mess hit it hard.
Quarterly sales for the housing …

The Pitch – Is purchasing a home still a good investment.

The Pitch – Is purchasing a home still a good investment.

Do you think purchasing a home is still a good, solid investment?

Question:
Home prices have been hitting new lows all year and people are losing their shirts in real estate. With sub prime lending, maybe, behind us, do you think that going back into home buying …

More banks to fail in the coming year

Doom and gloom is prevalent around Wall Street, and it doesn’t look like it will be over anytime soon. Even with the $700 billion bailout, more banks will fail in the next year. While it will help stave off some of the failures …

HSBC is feeling the sting of the American mortgage crisis also.

European bank HSBC reported a 29% drop in first half profits. In the same half in 2007, HSBC posted a $10.9 billion profit, while in the same half this year they posted a $7.7 billion profit.
HSBC holds Household International Inc. partially responsible for the …