Pete Anderson

LOCAL MARKET TREND

Why Don’t Real-Estate Agents Use Better Photos?

Considering the bleak state of the housing market, one would think that agents and sellers would be working overtime to market what’s out there.

Fed cuts key interest rates by 3/4 point

WASHINGTON (Reuters) - The Federal Reserve slashed a key U.S. interest rate by three-quarters of a percentage point on Tuesday, a substantial cut but smaller than many in financial markets had expected, as part of an effort to hold off a deep recession and financial meltdown.

Mortgage relief rises amid housing crisis

In the first survey of its kind, the Mortgage Bankers Association said that nearly half of the loans modified in the third quarter of 2007 were for subprime ARMs.

Study: Housing grows even less affordable

Even on the downside of the housing price peak, housing expenses are becoming more of a burden for Americans.