Oct 26th 2010 5:21PM
Home sales are up, but economists are far from pleased. Despite a 10 percent rise in existing home sales in September, many housing analysts believe the housing market is once again deteriorating. A rise in new home building usually helps lead the way out of a recession by providing jobs for workers in the construction... Continue Reading »
Sep 24th 2010 9:27AM
Just when you thought the housing market was out of the woods, a trusted financial sage delivered a scorched-earth assessment. Former Federal Reserve chairman Paul Volcker abandoned a speech to the Federal Reserve Bank of Chicago at the last minute yesterday to deliver an impromptu rant on the sorry state of the economy.... Continue Reading »
Jul 13th 2010 1:12PM
Not many Americans are feeling it yet, but we may be in the midst of a housing recovery. National home prices increased in May by 2.9 percent, as compared to May 2009, according to real estate information firm CoreLogic, making it the fourth straight month they have done so. But don't celebrate just yet; many experts... Continue Reading »
Mar 30th 2010 2:15PM
Just as home prices appear to be stabilizing, we may be falling into what economists call a "double dip." In other words, after climbing back from the near death spiral of the last few years, yet another round of housing pain may be on its way. U.S. housing prices have plummeted a jaw-dropping 32.6 percent from their... Continue Reading »
Mar 25th 2010 12:30PM
The number of initial unemployment claims improved slightly last week, but the job market remains weak. It's one more indicator of a weak economic recovery. The stock market may be at its highest point since fall 2008 -- go figure -- but the number of initial unemployment claims is still too high to lend much support to... Continue Reading »
