Existing home sales show gain, rates at 2yr lows

The National Association of Realtors announced today that existing home sales in November were 0.4 percent higher than in October. The report also showed that the inventory of unsold homes decreased 3.6 percent during the month.

Quicken Loans Chief Economist Bob Walters said the increase was somewhat unexpected as consumers are typically more focused on the holidays in November than they are on buying homes.

"It is good news, if not a bit surprising, to see existing home sales climb in November, especially considering that most people are more interested in preparing for the holidays than they are in looking for the perfect home. However, buyers were likely pulled into the market by attractive long-term interest rates at two-year lows, including those on jumbo loans, and the sheer number of favorably priced homes available on the market."

-- Published on Dec 31, 2007 in Here

Asian Markets Largely Fall On Bhutto Death

Asian Markets Largely Fall On Bhutto Death

Posted by WBZ-TV 15 hrs ago | via WBZ-TV

“Looking ahead to next year, we must keep our eyes on Wall Street.”

Most Asian markets fell Friday amid anxiety over the assassination of Pakistani opposition leader Benazir Bhutto and lingering worries about the outlook for the U.S. economy.

Bhutto's death on Thursday, just ahead of Jan. 8 elections, sent shock waves through international markets on worries that global instability may follow, although some analysts said the impact is likely to be limited.

"The sudden event has caught worldwide attention because Pakistan is not any other developing country. It is a nuclear-power country. However, we view the current response to the event to be short-term," Westcomb Securities said in a note.

eNet Advertising `Domain Sell-off' Presents Opportunities

It's no surprise that smart investment money is into Real Estate these days, and publisher Financial News Network is no exception... well sort of... FNN, as part of a 10 year business plan has increased the value of its Real Estate, only we're not talking brick'n mortar here folks... We're referring to Internet real estate in the form of established domain names. Now this real estate is for sale or lease. FULL STORY