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BusinessWeek
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Even with the housing market declining, it's bad policy to give homes preferential tax treatment over stocks and other investments
Homeownership has long been a vibrant part of achieving the American Dream. But these days owning a home is more like sta..
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BusinessWeek
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High gas prices and the housing bust combine to drive pickup truck sales down to their second lowest level since 2000
By any measure, March was a lousy month for the car business. But for Detroit, it was truly dreadful.
Pickup trucks are taking a re..
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MSNBC
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As the White House and Congress work to head off a recession, fresh data out Tuesday points to further trouble ahead for the main cause of the downturn — a housing market that shows no signs of hitting bottom.
Home prices plunged by a record 8.4 perc..
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BBC News
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The number of new US homes built in May fell more than many analysts expected, according to official figures.
The Commerce Department said that the number of new homes built dropped by 2.1% in May, after rising 1% in April.
However, while constructi..
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CNN
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Robert Shiller is worried about your home's value, and that's not good. A finance and economics professor at Yale, Shiller proved he could see a crash coming with his book "Irrational Exuberance," which forecast the end of the 1990s stock bubble and hit b..
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Washington Times
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Economic weakness spread beyond the stricken housing and auto sectors last month, with reports showing U.S. manufacturing shrank for the first time in 31/2 years and construction dropped the most since the September 11, 2001, terrorist attacks...
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BusinessWeek
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Hammered by the housing bust, Home Depot and Lowe's are selling do-it-yourselfers on cheaper fixes
A new TV ad for Lowe's (LOW) features a family getting a copy of a key made as the gravelly voice of actor Gene Hackman reminds viewers: "At heart we're..
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MSNBC
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President Bush threatened Wednesday to veto Democrats’ broad housing rescue package, saying it won’t help struggling homeowners.
“We are committed to a good housing bill that will help folks stay in their house, as opposed to a housing bill that..
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MSNBC
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Treasury Secretary Henry Paulson said Thursday that various proposals being put forward to deal with the U.S. housing crisis would do more harm than good.
While he said the housing correction remains the biggest downside risk to the economy, the proble..
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MSNBC
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With the economy slowing and the housing market stuck in reverse, Wednesday’s surprise pop in the government's monthly inflation data was not good news for the Federal Reserve.
The problem: Central bankers now find themselves between a rock and a har..
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BusinessWeek
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Investors Wednesday weighed a downbeat view of the economy from the Fed, data on inflation and housing starts, and a new record high for crude oil
Stocks closed higher Wednesday after reversing an earlier drop. Technology issues were among the session'..
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BusinessWeek
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In most housing downturns, rental markets thrive. This time, a glut of properties has put the brakes on rent hikes in many cities
For many Americans, as property values sink and mortgage interest payments rise, the dream of homeownership has turned int..
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MSNBC
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President Bush, acknowledging that the country is suffering through a period of economic uncertainty, called on Congress Monday to do more to help people and businesses hurt by the housing slump and credit crunch.
In a brief introduction to his annual..
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BusinessWeek
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KB Home reports a huge loss and Countrywide fights off bankruptcy rumors. Looks like the U.S. housing sector is in for another tough year
In case you were still harboring a tiny bit of optimism about the U.S. housing sector, just take a look at a coupl..
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SF Gate
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On the same day a real estate trade group reported the housing market is on the verge of stabilizing, experts on California's economy say the state could see a more dramatic and prolonged downturn than other parts of the country, in part because more rece..
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MSNBC
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With some two million homeowners facing higher monthly payments that many won’t be able to afford, conditions in the housing industry easily could get worse before they get better. A lot depends on how homeowners, lenders and investors respond as they t..
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BusinessWeek
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Indexes were unable to keep their four-day winning streak alive on Monday amid persistent worries about the economy, interest rates and housing
Stocks closed lower Monday as traders demonstrated a reluctance to push the market higher after last week's..
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MSNBC
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The news from the American housing market seems likely to get worse before it gets better. That has some would-be home sellers wondering: should I sell my house now, before the market gets worse? Or wait until next year hoping it will get better? And jus..
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MSNBC
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If lenders temporarily freeze low introductory interest rates on home loans made to risky borrowers before they soar, it would be a modest fix for the country's fractured housing market.
The problems are so far-reaching, analysts say, that an emerging..
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MSNBC
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Federal Reserve Chairman Ben Bernanke on Thursday hinted that another interest rate cut may be needed to bolster the economy. The worsening credit crunch, a deepening housing slump and rising energy prices probably will create some “headwinds for the co..
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