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Finding the Silver Lining in Foreclosures   As if Detroit and the rest of Michigan haven't suffered enough. read more...


Fed Raises Key Interest Rate to 5 Percent  WASHINGTON The Federal Reserve on Wednesday raised a key interest rate to the highest level in more than five years but signaled that it may pause to assess the impact


Existing home sales soar, inventories rise  Sales of existing U.S. homes climbed 5.2 percent in February, defying expectations for a slowdown, as unseasonably warm weather boosted sales of both single-family homes and condos, according to trade


Reverse Mortgage Program May Get New Enhancements (Senior Journal)  April 30, 2006 ? The Reverse Mortgage Program, already popular with senior citizens, may get even better. The U.S. House of Representatives is considering legislation that would make substantial improvements


Asian Stocks Rise to Five-Year Highs; Samsung Electronics Climbs to Record  Asian stocks climbed to a five-year high after a U.S. government wage report renewed speculation the Federal Reserve will stop raising interest rates.read more...


Holiday Bills Piling Up? Refinancing Your Car Puts Extra Cash in Your Pocket  The holidays are a wonderful time of year. Co-workers are in a good mood, the family is happy, even cashiers in the stores are more friendly than usual.Commentread more...

January 31st, 2006

Pending real estate sales slide (Reg Req’d)

Pending real estate sales slide National index down for fourth consecutive month A National Association of Realtors index based on pending sales of existing homes dipped 5.5 percent in December compared to …

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