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Fed Chief: Economy Slowing, but Growth A...

Federal Reserve Chairman, Ben Bernanke spoke to Congress on Tuesday noting that the job market and the overall economy has begun to weaken. Mainly due to higher energy prices, weather, the Japan crisis, and consumer confidence.  Though he also noted he expects the weakness  to be short-lived and...
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Home Sales Boost Stocks – WSJ.com...

Existing Homes Sales rise much more than expected. Showing an 8.2% gain in February, surprising most economist who had been anticipating a decline in pending home sales of 0.5%. Home Sales Boost Stocks – WSJ.com.
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10 Questions to Navigate a Volatile Hous...

Lower prices have spurred home sales, but looming foreclosures and high unemployment are clouding the outlook The U.S. housing market has been in a slump for the past four years. When will it ever end? In recent years, real estate has proven as jittery and unreliable as any other market. The average...
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Home Prices Sink in Most Parts of US...

Today, the National Association of Realtors, said home prices fell in the 3rd quarter in most parts of the country….BUT home sales continued their climb. Quarterly sales outpaced 2nd quarter numbers and the previous years figures. 123 of 153 metro areas, saw prices fall compared to a year ago....
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Home Buyer Tax Credit set for Vote Today...

Around 6pm, tonight the Senate has scheduled a vote on extension of unemployment benefits as well as an extension of the HomeBuyer tax credit through 2010. The amounts of the proposed extension has not been detailed, but the talk is to expand the program to “first move-up buyers”. Targeting...
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Fed's Beige Book Shows Signs of Sta...

The FED released their “Beige Book” today, which showed positive results in regards to the first time home buyer tax credit. Though it also breaths a word of caution if the tax credit expires as scheduled on Nov. 30. http://tinyurl.com/yjagua2
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Making Home Affordable… rele…...

Making Home Affordable… released today by Treasury Dept. a program to help troubled borrowers today, http://makinghomeaffordable.gov/
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Builders Go Shopping for Land; Some More...

It’s taken sometime, but recently, the Inland Empire has been a hot spot for builders buying up land at low prices. This is the first time in more than 3 years builders have been actively shopping for land to build future communities. The landscape of these communities is not determined yet, but...
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Officials Saw Recession End in August: F...

Fed Minutes: End of Recession seen in August numbers. Hopeful about a “pick up” in 2010. [Source: AP]
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New Home Construction UP for 5th Month i...

Aug. 19, 2009 Construction is up 37% since the lows of last winter, stablizing the housing industry. This is not close to the massive building of 2006, but “housing is no longer a drag, Thats a good thing” said Mark Vitner, a senior economist from Wells Fargo.  For each new home built, it...

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