Wednesday, September 28, 2005

Threat of Base Closures in Norfolk Could Affect Local Housing Market


Threat of Base Closures in Norfolk Could Affect Local Housing Market
Despite the dark cloud on the local economy Norfolk is experiencing a higher number of sales and an increase in median home price.

Buyer of a Budget Condo Makes A Small, But Tangible Return
A first-time investor pockets $11,770 in three months on a condominium in a low-income neighborhood.

Federal Reserve Chairman Warns Of Reliance on Housing Loans
Alan Greenspan says consumers have become enormously dependent on borrowing against their homes to fuel their spending, and that a rise in mortgage rates could trigger a spending pullback. Meanwhile, existing-home sales climbed 2% in August.

Northeastern Retreats For Fall Leaf-Peeping
A look at three getaways in mountain locales where autumn views are a big attraction. Large windows are a must for enjoying the surrounding woodland scenery.

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