First Time Home Buyers Declining
Anaheim, CA, Nov. 16, 2011 -- Recent home buyers are staying well within their means with notably higher incomes and modestly higher downpayments than buyers in the previous year.
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Oxi Fresh Carpet Cleaning on Top Franchise List
Lakewood, CO, Nov. 16, 2011 -- Oxi Fresh Carpet Cleaning has for the third year in a row earned top rankings in Entrepreneur magazine's Franchise 500 and ranked #3 in list of Top New Franchises for 2011.
Style Ltd. Develops 'Portable' Strand Factory
Perth, Australia, Nov. 16, 2011 -- Australian wood flooring company Style Limited said it plans to expand its production base to other parts of the world with a unique transportable factory.
Mortgage Application Volume Declines
Washington, DC, Nov. 16, 2011 -- Mortgage application volume fell 10% last week from the prior week, the Mortgage Bankers Association said.
Higher Home Loan Limits Approved
Washington, DC, Nov. 16, 2011 -- U.S. lawmakers reached an agreement to increase the maximum size of home loans backed by the Federal Housing Administration.
Inflation Modest in October
Washington, DC, Nov. 16, 2011 -- The cost of living fell in October, mainly because of lower prices for gasoline, fruits and vegetables, the Labor Department reported.
October Retail Sales Beat Expectations
Washington, DC, Nov. 15, 2011 -- Retail sales rose broadly in October, according to the Commerce Department.
Home Depot Reports Higher Earning, Sales
Atlanta, GA, Nov. 15, 2011 -- The Home Depot reported third quarter net earnings of $934 million, or $0.60 per share, compared with net earnings of $834 million, or $0.51 per diluted share, in the same period last year.
Realtors Expect Housing Improvement in 2012
Anaheim, CA, Nov. 15, 2011 -- Gradual improvement is expected in the housing market next year and beyond, according to projections at a residential forum here at the 2011 Realtors Conference & Expo.
Regional Fed Says Odds of Recession Grow
San Francisco, CA, Nov. 15, 2011 -- The odds of a U.S. recession in early 2012 have grown as a result of Europe’s debt crisis, according to researchers at the Federal Reserve Bank of San Francisco.