Articles of Interest 6.7.07
Market Watch
Rates on 30-year mortgages rose for a fourth straight week, hitting the highest level in 10 months, as bond markets responded to strong employment growth. 30-Year Mortgage Rate Hits 6.53%, Highest Since August USA Today http://www.usatoday.com/money/economy/housing/2007-06-07-mortgage-rates_N.htm?POE=click-refer
In what's been described as the most contentious and controversial election ever in Monterey County, voters on Tuesday voted "no" to every land use measure put forth in a special election surrounding the county's General Plan. Monterey County Voters Just Say "No" San Jose Business Journal http://www.bizjournals.com/sanjose/stories/2007/06/04/daily48.html?f=et79&hbx=e_du
Rejecting the protests of affordable housing advocates, the Napa City Council gave itself the authority Tuesday to approve two condo conversion projects, not just one. City Make OK Apartment Conversions to Condos Napa Valley Register http://www.napavalleyregister.com/articles/2007/06/07/news/local/doc4667a6495be76696393052.txt
Developer D.R. Horton can continue working on most of the lots where construction was put on hold recently, while officials investigate claims of falsified records. All but nine of the 73 current D.R. Horton construction projects were reissued permits by the Yuba County Building Department on Wednesday. Permits Reissued to D.R. Horton KCRA News 3 http://www.my58.com/news/13457247/detail.html
Putting solar panels on homes is especially costly right now, as backlogged installation companies accommodate customers willing to pay more. This is especially true in California, where a time-sensitive rebate system has homeowners trying to cash in on incentives before they shrink, and before summer utility bills start arriving. Solar-Panel Rebate System Helps Spur Demand - and Prices Wall Street Journal
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