Friday, April 24, 2009

FW: Inman PM: An economy on life support

 

 

 

From: Inman News Headlines [mailto:dailynews@inman.com]
Sent: Friday, April 24, 2009 3:59 PM
To: mark@itsyoursale.com
Subject: Inman PM: An economy on life support

 

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Friday, April 24, 2009

An economy on life support
Another week of odd calm ... at its heart a void of information from government. The economy is on life support, but the intentions of the physicians are unclear.

In the data details, nothing new. Mortgage rates still rattle in a very narrow, high-four range, held so low only by the Fed's massive buying. The stock market has shown some buoyancy, holding its ranges: Dow 8,000 and S&P 850. ... CONTINUED


New-home sales sink 30.6% in past year
Real estate brief


Moffett back at Freddie Mac
Former CEO will serve as consultant


ARMs costlier than fixed-rate mortgages
Demand for ARMs has evaporated


Seller financing a risky proposition
What happens if buyer declares bankruptcy?

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Fannie, Freddie to buy bigger loans
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