AMERICAN DREAM DEFERRED
Top 1% are getting even richer
By Jessica Dickler @CNNMoney October 26, 2011: 10:51 AM ET
NEW YORK (CNNMoney) -- From 1979 to 2007, average household income for the nation's top 1% more than tripled, while middle-class incomes grew by less than 40%, according to a new report from a research arm of Congress.
Wednesday, October 26, 2011
CNNMoney: Should I buy or rent?
Should I buy or rent?
By Walter Updegrave October 26, 2011: 7:33 AM ET
NEW YORK (CNNMoney) -- For the last three years, my husband and I have been renting a house. But I would rather buy than throw my money away on rent. Still, even though we have about $120,000 in savings, great credit and no debt, my husband is reluctant. The job he's had the past two years took 15 months to find, and it pays a lot less than his previous job. He's afraid buying now isn't a good idea because of the shaky economy. What do you think: Should we buy or continue renting? -- Jean J.
By Walter Updegrave October 26, 2011: 7:33 AM ET
NEW YORK (CNNMoney) -- For the last three years, my husband and I have been renting a house. But I would rather buy than throw my money away on rent. Still, even though we have about $120,000 in savings, great credit and no debt, my husband is reluctant. The job he's had the past two years took 15 months to find, and it pays a lot less than his previous job. He's afraid buying now isn't a good idea because of the shaky economy. What do you think: Should we buy or continue renting? -- Jean J.
Bloomberg: Sales of New U.S. Homes Hits Five-Month High
Sales of New U.S. Homes Hits Five-Month High
By Bob Willis - 2011.10.26 07:11 AM
Purchases of new U.S. houses rose more than forecast in September as discounted prices lured buyers in some parts of the country.
By Bob Willis - 2011.10.26 07:11 AM
Purchases of new U.S. houses rose more than forecast in September as discounted prices lured buyers in some parts of the country.
USA Today: New-home sales jump in September as builders cut prices
New-home sales jump in September as builders cut prices
WASHINGTON (AP) – Sales of new homes rose in September after four straight monthly declines, largely because builders cut their prices.
WASHINGTON (AP) – Sales of new homes rose in September after four straight monthly declines, largely because builders cut their prices.
Tuesday, October 25, 2011
SG: US Housing: Home prices dipped again in August
■ Home prices moved lower in 20 US cities during August (B. Jones)
S&P/Case-Shiller (SPCS) reported that home prices in the 20 US cities that they track fell by 0.05% in August, after a downward revised 0.15% decline in July. The August print marked the fourth consecutive monthly slide and was weaker than the median Street expectation for a 0.1% rise. Since April, home prices have fallen by 0.3%, erasing three quarters of the rise posted in that month. The reported August dip left the index 3.8% below its year-to-year level the smallest 12-month decline since April.
Monday, October 24, 2011
Reuters: U.S. throws lifeline to underwater homeowners
U.S. throws lifeline to underwater homeowners
By Margaret Chadbourn
WASHINGTON | Mon Oct 24, 2011 8:53pm EDT
(Reuters) - U.S. homeowners who owe more than their properties are worth got new help on Monday with the government's expansion of a refinancing program in a step that could help up to 1 million borrowers.
By Margaret Chadbourn
WASHINGTON | Mon Oct 24, 2011 8:53pm EDT
(Reuters) - U.S. homeowners who owe more than their properties are worth got new help on Monday with the government's expansion of a refinancing program in a step that could help up to 1 million borrowers.
Reuters: Fed Focus: Fed activists loudly signal low bar to easing
Fed Focus: Fed activists loudly signal low bar to easing
By Mark Felsenthal
WASHINGTON | Mon Oct 24, 2011 7:11pm EDT
(Reuters) - Pro-growth activists at the Federal Reserve have gotten noisier, a sign the central bank won't back off aggressive efforts to spur a stronger recovery despite the objections of critics.
By Mark Felsenthal
WASHINGTON | Mon Oct 24, 2011 7:11pm EDT
(Reuters) - Pro-growth activists at the Federal Reserve have gotten noisier, a sign the central bank won't back off aggressive efforts to spur a stronger recovery despite the objections of critics.
CNNMoney: GDP forecast: Growing faster, but not for long
RECOVERY AT RISK
GDP forecast: Growing faster, but not for long
By Chris Isidore @CNNMoney October 24, 2011: 4:18 PM ET
NEW YORK (CNNMoney) -- Economists are a little more optimistic about the nation's economic health, but they don't think the sputtering U.S. recovery is out of the woods.
GDP forecast: Growing faster, but not for long
By Chris Isidore @CNNMoney October 24, 2011: 4:18 PM ET
NEW YORK (CNNMoney) -- Economists are a little more optimistic about the nation's economic health, but they don't think the sputtering U.S. recovery is out of the woods.
Bloomberg: Fed Wants to Ensure Housing Affordability, Dudley Says
Fed Wants to Ensure Housing Affordability, Dudley Says
By Caroline Salas Gage - 2011.10.24 12:26 PM
Federal Reserve Bank of New York President William C. Dudley said the central bank wants to keep mortgage interest rates from rising too much and may do more to hold down borrowing costs.
By Caroline Salas Gage - 2011.10.24 12:26 PM
Federal Reserve Bank of New York President William C. Dudley said the central bank wants to keep mortgage interest rates from rising too much and may do more to hold down borrowing costs.
S&P: What's Behind The Recent Rating Actions On The Five Largest French Banks?
What's Behind The Recent Rating Actions On The Five Largest French Banks? (00:06:48 min)
In light of more challenging economic and funding market conditions, Standard & Poor's Ratings Services took various rating actions on the five largest banks in France. Additionally, Standard & Poor's has also revised the Banking Industry Country Risk Assessment (BICRA) on France to Group 2 from the lower-risk Group 1. In this CreditMatters TV segment, Elisabeth Grandin, one of our senior analysts for European Banks, discusses the report related to these rating actions, which was published Oct. 14, 2011.
In light of more challenging economic and funding market conditions, Standard & Poor's Ratings Services took various rating actions on the five largest banks in France. Additionally, Standard & Poor's has also revised the Banking Industry Country Risk Assessment (BICRA) on France to Group 2 from the lower-risk Group 1. In this CreditMatters TV segment, Elisabeth Grandin, one of our senior analysts for European Banks, discusses the report related to these rating actions, which was published Oct. 14, 2011.
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