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Sales of Existing Homes Hurt by Poor Appraisals

by devteam June 23rd, 2009

Sales of existing homes saw their first back-to-back increase in nearly four years last month, but while the percentage gain in May was encouraging, the actual level of sales was lower than expected due to downward revisions. The pace of all existing

Sell-Off Extends into Tuesday

by devteam June 23rd, 2009

Stocks have been extremely volatile Tuesday morning, and after opening higher all indexes are negative 90 minutes into the trading session. The Dow is leading the decline with a 0.53% drop to 8294, while the Nasdaq is 0.50% lower at 1757, and the S&P

The Week Ahead: Busy Week as Fed Decides on Policy Future

by devteam June 22nd, 2009

The S&P 500 has been sporadic since the year began. Gains have been seen in 12 of the past 15 weeks, but over the past five days the index dropped 2.64% and a similar drop this week would erase the year-to-date gains. On the other hand, the index

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