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” On average, compared to family income, US home prices at the end of Q209 jumped 7% from levels in early 2000 when the real estate bubble began to swell. Home prices relative to income dropped from that mark in 10% of US metro market.”
Radar Logic Sees General Recovery with Price Gains
” The larger-than-average increase in home prices from April to May 2009 could indicate that seasonal price fluctuations do not fully account for the strength we are seeing in many areas and that seasonal gains are being augmented by a more general recovery in the housing market, Radar Logic says in its RPX monthly housing market report.”
U.S. Home Prices Have Smallest Decline in 10 Month
“U.S. home prices had the smallest annual drop in 10 months, signaling the free fall of property values is abating in the three-year housing slump at the center of a global recession.”
Pandit Defies Schumer as U.S. Flexes Shareholder Muscle
At the Bank of America Corp. office in Washington, employees are fielding as many as 10 calls a day from Capitol Hill, up from about two a year ago.
Senator Charles Schumer telephoned Citigroup Inc. Chief Executive Officer Vikram Pandit to protest the withdrawal of a mall developers credit.
Frugal McDougall, A Rhyme For Our Times
Frugal McDougall worked very hard,
Bought things with cash and not credit cards,
And when it came to the things that he bought,
Things that he needed were all that he sought.
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