Beijing real estate prices seen rising 11-14 pct in 2007 - 2007-01-08
Beijing residential real estate prices are expected to appreciate 11-14 pct this year, helped by continued strong demand, property consultants Jones Lang LaSalle declared. The property consultant said it expects prices to climb in the first half of the year and then stabilize in the second half. It said that robust economic growth, rising incomes and the 2008 Olympic Games are boosting property prices.
Read the full story at Forbes

Mortgage Lenders ‘strands’ 75 borrowers - 2007-01-08
Approximately 75 Rhode Islanders have been left in financial limbo after Mortgage Lenders Network USA Inc, located in Middletown, Conn., backed out of close to $38 million it had promised to borrowers or was considering, because of a drop in Wall Street’s demand for sub-prime mortgages. Mortgage seekers across New England who believed that their applications were being processed are finding themselves having to start all over again.
Read the full story at Providence Journal