U.S. sales of existing homes fell in January from a year earlier by the most in more than three years, and declined for a second consecutive month. Would-be buyers were stymied by rising prices and a shortage of homes for…
By Christopher Rugaber, Associated Press
Signs of Recovery, Home Sales Paint a Better Fiscal Picture in the U.S.
Housing and the Foreclosure Crisis Are Missing From the Campaign Conversation…
Wall Street had a strong showing on Thursday, but the positive news was tempered by other economic readings showing declining home sales and rising claims for unemployment benefits. Jim Lehrer speaks with Greg Ip of The Economist for more.
In the latest in a series of reports making sense of the economy, Paul Solman examines troubles for both those receiving and those paying for jobless benefits in Florida, where jobless rates are the sixth highest in the country.
The Obama administration is tweaking the current foreclosure policy to help people stay in their homes. Judy Woodruff reports on who may be helped.
In other news, House speaker Nancy Pelosi insisted on Friday that the House of Representatives' compromise health reform bill will include a public option, and the National Association of Realtors announced a jump in sales of pre-owned homes.
In other news, new home sales leapt 11 percent in June, the largest monthly gain in nearly nine years, and the U.S. warned Iran it could face tough sanctions if it rejects talks on its nuclear program.
By PBS NewsHour
The Federal Reserve said Wednesday that the recession is easing, but that the U.S. economy likely will remain fragile and limit the threat of inflation.
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