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Housing Starts Dip 7.4 Percent In April  Total housing starts dipped 7.4 percent in April to a seasonally adjusted annual rate of 1.849 million units, according to figures released by the Commerce Department today.read more...


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Johnson & Johnson, Conoco Announce Combined $25 Billion of Stock Buybacks   Johnson & Johnson and ConocoPhillips today announced plans to repurchase a combined $25 billion of stock, adding to this year's record pace of U.S. share buybacks. via Bloomberg read


Homes for Sale in States With High Foreclosure Rates  Both California and Florida are getting hit hard by a surge in foreclosures. We look at three non-foreclosed houses on the market in these locales. read more...


BMO Bank of Montreal Increasing Mortgage Rates (CNW Group via Yahoo! Finance)   BMO Bank of Montreal today announced that it is changing its variable and fixed residential mortgage rates, effective December 7, 2005.read more...


Turnaround pro calls for patience at USA Capital  Thomas Allison, the new restructuring officer for USA Capital, says investors in the company are not "going to lose all of their money." Photo by K.M. Cannon .read more...

September 26th, 2005

Over-leveraged homeowners spark Fed concern

Speculative buying of vacation and investment homes is at unprecedented levels and may be driving the surge in home prices, which hit another record last month, Federal Reserve Chairman Alan Greenspan said …

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