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The recent bond rally is good news for the secondary market, but it may be an unsustainable trend, as analysts predict more declines in the housing industry, potentially sapping mortgage-backed bonds...more |
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There's been a lot of breathless speculation ever since Shaun Donovan, secretary of Housing and Urban Development, awkwardly side-stepped a question from CNN on Sunday about whether the Obama administration would consider reviving tax credits to spur home sales...more |
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Moody's Investors Service says it expects home price appreciation to be "soft" for the next couple of years. The company says there were 1.8 million more vacant homes sitting on the market than what is considered the norm at the end of the second quarter. ..more |
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Stocks fell on Monday as investors braced for a week of unemployment figures and economic data unlikely to stoke confidence in the prospects for growth. ..more |
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