As housing inventories reached new highs, existing-home sales in the United States fell in July to its lowest rate in more than two years. Industry economists discuss the drop and the impact of the softening real estate market on the…
A Labor Department report released Wednesday shows an increase in consumer prices due to significant raises in energy and gas costs, prompting concerns that the Federal Reserve will again raise interest rates to fight inflation.
Foreclosure rates are increasing as many homeowners struggle to make their mortgage payments on time.
Federal Reserve Chairman Ben Bernanke this week expressed concerns over core inflation and noted a slowing economy, cooling housing market, and lower consumer spending, leading investors to expect another interest rate hike.
The Federal Reserve decided Tuesday it would not raise interest rates, but cautioned Americans that short-term rates will go higher this year as the country rebounds from recession.
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