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14.10.26 - 18:36
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US Mortgage Rates Reach 7.5%; Home-Buying Slump Hits Sixth Week (Bloomberg)
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US mortgage rates continue to rise, pushing down home purchasing activity for a sixth straight week. The MBA's purchase index dropped 4%, marking the sixth straight weekly decline — the longest such stretch since July-August 2023. Bloomberg's Jeff Langbaum joins to discuss. (Source: Bloomberg)...
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14.10.26 - 06:42
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Man buys property with father & wife, gets Rs 55.2 lakh addition notice; what ITAT said (Times of India)
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A man bought a residential property jointly with his wife and his father. The Income Tax Department reopened his assessment for the 2016-17 assessment year after receiving information through its Risk Management Strategy that he had purchased an immovable property during the 2015-16 financial year. The man then approached the ITAT, challenging both the addition and the calculation underlying it....
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13.10.26 - 18:36
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Existing Home Sales Hover Near Record Lows As Affordability Gap Widens (ZeroHedge)
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Existing Home Sales Hover Near Record Lows As Affordability Gap Widens
With mortgage rates soaring, expectations were for a fourth straight month of declines in existing home sales. Instead sales rose 1.5% MoM (-0.8% exp) thanks in part to a downward revision for August (from -2.0% to -3.2% MoM)...
At least some of last month's modest improvement predated the more than half-point climb in mortgage rates since early September to 7.49%. September's gain also belies the formidable challenges facing the nation's housing market.
The total existing home sales SAAR remains below the 4.00mm Maginot Line...
Despite the increase, “August and September marked the two slowest months for home sales this year,” NAR Chief Economist Lawrence Yun said in a statement.
“Further increases in mortgage rates in recent weeks mean fewer buyers can qualify to purchase a home.”
Earlier in the year, the country had been making some progress in reducing the so-called “lock-in” effect - the disincentive to ...
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13.10.26 - 18:36
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491 Fugitives Hiding In Public Housing Arrested In Nationwide Sweep (ZeroHedge)
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491 Fugitives Hiding In Public Housing Arrested In Nationwide Sweep
Authored by Naveen Athrappully via The Epoch Times,
A multi-month law enforcement operation has led to the arrests of 491 criminal fugitives living in government-assisted housing.
The Department of Housing and Urban Development in Alexandria, Va., on May 29, 2026. Madalina Kilroy/The Epoch TimesThe multi-agency initiative, Operation Clean House, was carried out by the Department of Housing and Urban Development's (HUD's) Office of Inspector General (OIG) along with the U.S. Marshals Service and other state and local law enforcement partners across 12 cities, including Memphis, New York, Chicago, Los Angeles, Columbus, and Minneapolis, HUD said in an Oct. 8 statement.
"We will not allow criminal predators and fraudsters to use HUD housing as a haven or live freely on the taxpayer's dime," HUD Secretary Scott Turner said in the statement.
"Operation Clean House removed dangerous drug traffickers, rapists, and sex offenders an...
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