Countrywide Rating Watch Revised By Fitch
Now that Country wide has borrowed to keep them selves afloat, Fitch has downgraded them. To be expected, but Buffet has an eye on them. If Warren Buffet purchased a stake in Country Wide; his interest in the company would be worth more than the borrowed money.
Dumping the real-estate agent might spur your home's sale
Is a real estate agent needed any more? When sellers are scrambling for buyers, cutting out a 6 percent commission can make the home more appealing. For good or ill, many people don't trust or don't want to deal with a real estate agent. There is a perception that realtors "don't do much for thier commission."
New Home Sales Register Improvement Over June
More positive news for the builders. The builders are reducing prices and adding all sorts of add-ons like pools and free trips to entice buyers.
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