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NEW YORK - Stocks Mixed After Economic Data

The market was reminded of the economy’s ongoing problems when the Conference Board, a business-backed research group, said its Consumer Confidence Index plunged to 64.5 in March from a revised 76.4 in February. The reading — a five-year low — was far below the 73.0 expected by analysts surveyed by Thomson/IFR.
Investors also weighed a report […]

Realty sector lead - Sensex on a comeback trail

Along with its global peers, indicating a strong comeback trail, the domestic benchmark market index gained 928.09 points, the second biggest single day point gain for Sensex. Surprisingly, realty sector led the rally with a gain of 9.48 per cent followed by the much-sought after banking stocks (Bankex), 8.10 per cent.The broader markets also followed […]

Real estate slump eats into revenues

In Pepperell, which faces unprecedented fiscal difficulties this spring, Town Administrator Robert Hanson said the drop in new housing is a bad sign in the immediate short term, because it means the town cannot raise its levy capacity by much for fiscal 2009, starting in July.
On the other hand, unrestrained residential growth would also be […]

Online Real estate Auctions Provide a Vital Tool

Los Angles, CA – Investors who know how and where to look for a pre-foreclosure home have the advantage of offering an affordable purchase price no matter how low it is.
The auction method of marketing was chosen by the seller to liquidate all the property in inventory. In today’s environment, auctions have the best chance […]