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Latest Causes of the United States housing bubble Stories

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...

2006-01-25 18:27:27

By Jim Christie SAN FRANCISCO (Reuters) - December home sales in California fell nearly 18 percent from a year earlier as rising mortgage rates weighed on buyers and positioned the state's hot housing market for a long anticipated "soft landing," according to a report released on Wednesday. Analysts had said for much of last year the over-heated California market was poised to cool amid rising interest rates, and the pace of December home sales signal such a slowdown is taking hold,...

2006-01-20 13:14:15

NEW YORK (Reuters) - New York City Mayor Michael Bloomberg on Friday said the real estate market was slowing "dramatically" and only a "miracle" could stop soaring mortgage rates from eating into housing prices. Consumers are definitely feeling the pinch of higher mortgage lending rates and are not quite as eager to snap up a new home especially at time when house prices in the Big Apple are near record-highs, the Republican mayor said in his weekly radio show. "The real estate...

2005-11-16 15:10:32

By David Lawder WASHINGTON (Reuters) - Affordable housing in Washington, D.C. is "disappearing" as residents struggle to meet rising home costs, according to a new report by the Fannie Mae Foundation. The fourth annual "Housing in the Nation's Capital" report, released on Tuesday, found that as Washington home prices have risen at a double-digit annual pace, low and moderate income families were being priced out of the city's home buying market. "Many of our low-income residents --...

2005-10-25 19:38:40

SAN FRANCISCO (Reuters) - California's housing market is positioned for a record year after the median home price in the state in September jumped 17.3 percent and the month's home sales rose 3.9 percent from a year earlier, according to a report released on Tuesday. The median price of an existing, single-family detached home in California, which has had one of the hottest housing markets in the nation in recent years, rose 17.3 percent to $543,980 in September from a year earlier,...

2005-10-06 18:06:08

By Jim Christie SAN FRANCISCO (Reuters) - Soaring prices in California's housing market have shut out a record 86 percent of households from buying a typical home with a traditional down-payment, according to a study released on Thursday. Home prices across California have more than doubled since late 2001, increasing pressure on home buyers, who needed a minimum household income of $133,800 to buy a home at the August median price of $568,890, the California Association of Realtors...

2005-10-06 17:08:38

By Jim Christie SAN FRANCISCO (Reuters) - Soaring prices in California's housing market have shut out a record 86 percent of households from buying a typical home with a traditional down-payment, according to a study released on Thursday. Home prices across California have more than doubled since late 2001, increasing pressure on home buyers, who needed a minimum household income of $133,800 to buy a home at the August median price of $568,890, the California Association of Realtors...

2005-09-28 14:47:46

By Nancy Leinfuss NEW YORK (Reuters) - "What exit?" As any New Jersey resident knows, proximity to the namesake turnpike or its parkway sibling has often been the key to buying a home in the Garden State, where prices have risen far above the national average. Real estate professionals say the state's housing market shows no sign of cooling off, even far from the main roadways, due to a steady influx of new residents. "We still have a tremendous amount of people coming into New...


Word of the Day
glogg
  • Scandinavian punch made of claret and aquavit with spices and raisins and orange peel and sugar.
This word comes from the Swedish 'glogg,' which is an alteration of 'glodgat,' mulled (wine).
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