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Housing Slump Starts to Hit Stronger Cities
It's getting harder to hide from the housing bust. Tight credit, fragile consumer confidence and a weakening economy are slowing sales and depressing prices even in some places -- such as the Pacific Northwest and North Carolina -- that until recent...
Author:James R. HagertyDate:02/01/08Click:7670 Full Story »
Florida Eyes Countrywide's Practices
Florida Is Latest State to Put Countrywide's Lending Under Microscope LOS ANGELES (AP) -- Countrywide Financial Corp., the nation's largest mortgage lender, is finding itself under increasing scrutiny by shareholders and state governments. Florida's...
Author:Alex VeigaDate:02/01/08Click:7669 Full Story »
They're Down, But Not All Out: Some Flippers Are Hanging On
Chaos in the housing market has spoiled the fun for some of real estate's biggest cheerleaders: flippers. In a rising market, they could buy, work their makeover magic and sell for a tidy profit -- over and over. As prices fell, many stepped or were...
Author:Kathleen DolerDate:02/01/08Click:7669 Full Story »
Durable Goods Orders Rise by 5.2 Percent
Durable Good Orders Rise in December; Consumer Confidence Slides in January NEW YORK (AP) -- Orders to factories for big-ticket manufactured goods jumped unexpectedly in December, good news amid signs that the U.S. economy may be tipping toward a re...
Author:Eileen Alt PowellDate:01/30/08Click:7669 Full Story »
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