Filed under: Market Matters, Economic Data, Housing, Recession
The race is on for first-time home buyers to close their contracts before April 30. That is when the $8,000 first-time home buyers credit ends. Buyers who are selling a home and buying...
Filed under: Bad News, Housing
According to the National Association of Realtors (NAR), resales of U.S. homes and condominiums slipped 7.2% during January. This drop brought the seasonally adjusted annual rate to 5.05 million, which was the lowest in seven months. January's drop...
Filed under: Economic data, Housing, Recession
You've often seen the ads: "Hurry, sale ends tomorrow." A similar pattern occurred in pending home sales. Buyers were in a rush to take advantage of the $8.000 tax credit for first time buyers before the...
Filed under: Consumer experience, Employees, Money and Finance Today, Economic data, Personal finance, Politics, Housing, Financial Crisis
After haggling since September the US Senate finally passed an extension for unemployed persons and...
Filed under: Economic data, Housing
Existing homes are starting to move again. Last month, home resales hit their highest level in more than two years, thrashing expectations. The 9.4% increase in home resales -- which entails a seasonally adjusted rate of...
Filed under: Employees, Economic data, Recession, Financial Crisis
We've watched stock market numbers bounce around for two years. Unemployment stats have served as unpleasant reminders that, for some, leading indicators haven't translated to reality. We look for so many...
Filed under: Earnings reports, Forecasts, Competitive strategy, KB HOME (KBH), Housing, Recession, Financial Crisis
California based home builder KB Home (NYSE: KBH) will have its turn to impress...Filed under: Bad news, Housing
After four months of gains in existing home sales, July saw a dip of 2.7 percent in home resales, a slight speed bump for the recovering housing market.Filed under: Good news, Economic data, Housing
Good News! The Institute for Supply Management reported factory activity to be 52.9. A reading above 50 indicates growth in this sector.
Last week, Standard & Poor's reported that single family home sales rose for the second consecutive...
Filed under: Housing, Recession
It looks like the housing market is coming back, but there's still reason to be careful. In July, home resales had their highest monthly increase in at least a decade. The rush is driven in part by a tax...
Filed under: Comfort Zone Investing, Housing, Recession
The stock market is putting on quite a show, had the best month (in July) in years. Earnings weren't all that great either. Most companies reported about what was expected (lower than last year)...
Filed under: General Electric (GE), PepsiCo (PEP), Allstate Corp (ALL), Eastman Kodak (EK)
This was one of those days where profit takers had the markets soft all morning, but strong pending home sales rallied the stock market and trumped an...