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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 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…


Real Estate: Real Estate Industry

House eyes changes at housing agency

Read full story for latest details. Read more…


Caught in a toxic mortgage

It seems surprising that Kurt and Vicki Oliver could lose their home to a bank foreclosure. They had great credit, long-term employment and excellent assets and income. Read more…


The new land grab

Picking off land from over-leveraged homebuilders during crashing real estate markets was once the purview of local developers. This time, however, global players, including D.E. Shaw, Apollo Real Estate Advisors, and the Rockefeller Group, are eyeing land in Florida, Colorado, California, and other subprime-ravaged states. Read more…


Congress takes aim at lenders, brokers

The subprime crisis has put lawmakers under pressure to do something not only to help homeowners who could lose their homes but also to nail the guys who created the mess. Read more…


Trapped by the mortgage meltdown

Whether you're a home seller, owner or buyer, by this point you've got to be feeling a little rattled. The bad news about the housing market seems never ending: Foreclosures have more than doubled over the past year. Read more…


Refi rescue

Hundreds of thousands of homeowners who may struggle to make mortgage payments are likely to get some relief in coming months, including more options to refinance into lower-cost, fixed-rate loans and tax relief if they do face foreclosure. Read more…


Countrywide workers sue over retirement plan

Read full story for latest details. Read more…


Mortgage reset shock: Not so bad

The number of adjustable rate mortgages (ARMs) up for reset is set to peak this fall, with an estimated $50 billion worth poised to adjust to higher rates in October. Read more…


Fastest-growing housing markets

Pinal County, Arizona, was the fastest-growing housing market in the nation last year, according to a report released by the U.S. Census Bureau Wednesday. Read more…


Mortgage apps up in short week

Mortgage applications climbed last week, according to the latest report by the Mortgage Bankers Association published Tuesday. Read more…



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