by | Sep 23, 2010 | Towing
Virgin Group Ltd, founded by U.K. tycoon Richard Branson, plans enter the hotel industry.
Virgin will spend as much as $500 million on high-end hotels aimed at “high income, well-educated, metropolitan ‘creative class'” customers, Bloomberg News said. The company is scouting for locations in cities including New York, San Francisco and Miami.
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The U.S. hotel industry is recovering from…
Continue reading Virgin Group to Enter Hotel Industry
Virgin Group to Enter Hotel Industry originally appeared on DailyFinance on Thu, 23 Sep 2010 07:39:00.
Filed Under: Company News, Economy, People, Investing, Real Estate, Retail
by | Sep 22, 2010 | Towing
Mortgage applications fell 1.4% in the week ending Sept. 17, dragged down by a decline in the number of applications for loans to purchase houses.
Applications for loans to purchase a home dropped 3.3% from a week earlier on a seasonally adjusted basis, The Mortgage Bankers Association said. Applications for loans to refinance a home dropped 0.9%.
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Continue reading Mortgage Applications Drop 1.4%
Mortgage Applications Drop 1.4% originally appeared on DailyFinance on Wed, 22 Sep 2010 08:48:00.
Filed Under: Economy, People, Investing, Real Estate, Credit
by | Sep 21, 2010 | Towing
Housing starts rose 10.5% in August to a seasonally adjusted annual rate of 598,000, providing hope that the sector is stabilizing. However, economists caution that monthly data have a large margin of error.
Co…
by | Sep 20, 2010 | Towing
Inadequate job growth and a rising supply of unsold homes continue to weigh on the housing market. The homebuilder confidence index remained unchanged in September — its lowest level since March 2009.
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by | Sep 20, 2010 | Towing
GMAC Mortgage told its agents and brokers to stop foreclosures on homes in 23 states, including Florida, Illinois, Indiana and Ohio.
Continue reading GMAC Mortgage Stops Foreclosures in 23 States
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