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Toll Brothers sales plunge
Toll Brothers reported a sharp drop in sales and net new orders as buyers cancelled contracts to buy its more expensive homes.

Toll Brothers sales plunge

category: Real Estate subcategory: Real Estate Industry
08.11.2007 15:01

Luxury home builder Toll Brothers issued preliminary fourth-quarter results Thursday that showed a sharp drop in the number of new homes sold and an even deeper plunge in the average price of the home it was able to sell, as buyers canceled orders for its more expensive offerings.  Read more…


U.S. subprime pain - courtesy of London bankers

04.12.2007 05:00 - category: Real Estate: Real Estate Industry

U.S. subprime pain - courtesy of London bankers

Fed Bank of Boston President, says a rate used for U.S. adjustable mortgages has been rising as the Fed cuts rates, should be reconsidered as a benchmark.

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