News
Bloomberg |
Foreclosure Deals Drop 22% as Rising Prices Delay Sales
A total of 190,121 homes in some stage of foreclosure or taken by banks were sold this year through March 31, down 18 percent from the previous three months, the data seller said today.
Fox Business | Pending Home Sales Make Smaller-than-Expected Climb
Contracts to buy previously-owned U.S. homes rose to their highest level in three years in April, but a shortage of properties for sale could slow down the momentum.
Bloomberg |
Euro-Area Economic Confidence Climbs Amid Recession
An index of executive and consumer sentiment rose to 89.4 from 88.6 in April, the European Commission in Brussels said today. That’s in line with the median estimate in a Bloomberg News survey of 33 economists.
Market Watch | Federal mortgage modification program extended
A federal program that helps troubled homeowners receive modified mortgages is being extended by two years, and will run to the end of 2015, administration officials said Thursday.
Econ Comments & Analysis
WSJ | Exporting Natural Gas Will Stabilize U.S. Prices
Limiting LNG exports will have the unintended effect of limiting supply.
CNN: Money | A housing bubble era loan makes a comeback, with a twist
More and more people are borrowing against their brokerage accounts to buy condos and expand their businesses. That's not reassuring.
WSJ | What Would Milton Friedman Say?
Immigration opponents often try to claim the famed economist as an ally. They're mistaken.
RCM | In the World's Richest Nation, Bridges Shouldn't Collapse
Public-private partnerships have the potential to revolutionize bridge, tunnel, and road operation in the United States. Yet only thirty-two states currently have laws on the books that enable their use.
