A tax break for subprime lenders? :: Real Estate News Review

This page has been designed specifically for the printed screen. It may look different than the page you were viewing on the web.
Please recycle it when you're done reading.

The URI for this page is { http://realestate.reviewnews.org }

A tax break for subprime lenders? Posted on August 17th

Morning housing-related links from here and there:

From Bloomberg News: “Existing U.S. home sales fell to a 10-year low in the second quarter and the median price for a single-family house dropped 7.6 percent as the real estate recession deepened. … The biggest declines reported by the Realtors today were in Sacramento … with a 36 percent drop.”

From the L.A. Times: “One reason California still has no state budget is a closed-door dispute over a tax proposal that could be a multimillion-dollar boon to banks that engage in subprime lending.“

Also from The Times: “Real estate developer Storm Properties Inc. of Torrance said Wednesday that it had sold more than 1.4 million square feet of industrial and office buildings to Thompson National Properties for about $110 million.”

From MSNBC via Patrick.net: The collapse of the new-home market has left numerous “ghost towns” and “half towns” outside American cities.

– Peter Viles

Use the comment function to suggest other links or websites, or e-mail link suggestions to peter.viles@latimes.com.

Trackback URL