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Latest Causes of the United States housing bubble Stories

2008-09-23 09:00:30

KB Home (NYSE:KBH), one of America's largest homebuilders, today announced that its website, www.kbhome.com, is now featuring monthly home payments calculated for its new home communities across the country. By highlighting monthly home payments, a key indicator of affordability, KB Home new home shoppers can now quickly compare the monthly cost of owning a new home with their current monthly rent. The monthly home payments are listed in addition to the base prices of the homes, and...

2008-09-09 12:00:12

To: REAL ESTATE EDITORS Contact: Walter Molony of the National Association of Realtors, +1-202-383-1177, wmolony@realtors.org WASHINGTON, Sept. 9 /PRNewswire-USNewswire/ -- The level of home sales is expected to show little movement in the months ahead, according to the latest projections by the National Association of Realtors(R). The Pending Home Sales Index(1), a forward-looking indicator based on contracts signed in July, fell 3.2 percent to 86.5 from an upwardly revised reading of...

2008-08-25 12:00:09

To: REAL ESTATE EDITORS Contact: Walter Molony of the National Association of Realtors, +1-202-383-1177, wmolony@realtors.org WASHINGTON Aug. 25 /PRNewswire-USNewswire/ -- Existing-home sales rose in July to the highest level in five months, although sales have hovered in a relatively narrow range over the past 11 months, according to the National Association of Realtors(R). Existing-home sales -- including single-family, townhomes, condominiums and co-ops -- increased 3.1 percent to a...

2008-08-07 12:00:33

To: REAL ESTATE EDITORS Contact: Walter Molony of NAR, +1-202-383-1177, wmolony@realtors.org WASHINGTON, Aug. 7 /PRNewswire-USNewswire/ -- Some improvement is projected for existing-home sales in the months ahead, with broader gains seen by the fourth quarter as buyers take advantage of new provisions provided through the recently passed housing stimulus bill, according to the latest forecast by the National Association of Realtors(R). The Pending Home Sales Index,(1) a forward-looking...

2008-07-24 12:00:13

To: REAL ESTATE EDITORS Contact: Walter Molony of NAR, +1-202-383-1177, wmolony@realtors.org WASHINGTON, July 24 /PRNewswire-USNewswire/ -- After gaining in May, existing-home sales declined in June with many potential buyers on the sidelines, according to the National Association of Realtors(R). Existing-home sales -- including single-family, townhomes, condominiums and co-ops -- fell 2.6 percent to a seasonally adjusted annual rate(1) of 4.86 million units in June from a pace of 4.99...

2008-07-16 18:00:06

By Scott Andron, The Miami Herald Jul. 16--Inflation hit an annual rate of 5 percent in June, the highest since 1991, the Labor Department said Wednesday. From May to June alone, prices were up 1.1 percent, the second-highest monthly increase since 1982, after normal seasonal fluctuations are taken into account. South Florida's annual rate was 5.8 percent, exceeding the national average and among the highest of the metropolitan areas tracked by the government. The local rate was the...

2008-07-08 12:00:24

To: REAL ESTATE EDITORS Contact: Walter Molony of the National Association of Realtors, +1-202-383-1177, wmolony@realtors.org WASHINGTON, July 8 /PRNewswire-USNewswire/ -- Modest near-term movement is expected in existing-home sales, with a recovery in sales seen during the second half of the year, according to the latest forecast by the National Association of Realtors(R). The Pending Home Sales Index,* a forward-looking indicator based on contracts signed in May, fell 4.7 percent to...

2008-06-26 12:02:25

To: REAL ESTATE EDITORS Contact: Walter Molony of the National Association of Realtors, +1-202-383-1177, wmolony@realtors.org WASHINGTON, June 26 /PRNewswire-USNewswire/ -- Sales of existing- home sales increased in May with buyers responding to lower home prices, according to the National Association of Realtors(R). Existing-home sales -- including single-family, townhomes, condominiums and co-ops -- increased 2.0 percent to a seasonally adjusted annual rate(1) of 4.99 million units...

2006-04-19 08:30:41

By Tim Ahmann WASHINGTON (Reuters) - Clothing and shelter costs in March spurred the biggest rise in core U.S. inflation in a year, the government said on Wednesday in a report that cast doubt on a quick end to Federal Reserve interest-rate rises. The Labor Department said energy prices helped push the overall consumer price index up a steep 0.4 percent, matching Wall Street projections. Excluding food and energy prices, the index advanced 0.3 percent, a bit more than forecast. The...

2006-01-31 09:04:05

By Tim Ahmann WASHINGTON (Reuters) - Federal Reserve officials, meeting one last time under Alan Greenspan's guiding hand, are expected on Tuesday to raise U.S. interest rates for a 14th straight time, while signaling uncertainty about the future. The central bank's rate setting Federal Open Market Committee began meeting at 9 a.m. EST as scheduled, a Fed official said. A decision on interest rates is expected around 2:15 p.m., together with a statement on the U.S. central bank's...