“Whirlwind of activity” is a favorite cliché of journalists. During most economic upheavals the press likes to use the phrase to describe what's been going on at the Fed. It's descriptive, and it gives a certain sense of excitemen...
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With US housing foreclosures making headlines the world over, it should come as no surprise that banks have tightened their lending guidelines for the residential real estate market. That being said, the Federal Reserve's recently-published survey...
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During 2007, it was the real estate market that seemed to be determining the fate of the economy. A number of events gripped the economy during the year. There were the write-downs that much of the financial industry was forced to endure due t...
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Weekly numbers are hardly ever reliable. Whether its for sports, economics, or politics, it's always hard to spot a trend using statistics from just one week. There's usually too much “noise,” or random movement of data to spot a genuine...
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The number of homes sold in Austin Texas in 2008 compared to the same time period in 2007 from January 1 thru February 16 is down 29% for the time period beginning January 1 and ending February 16. In 2007 there were 775 homes sold in January and 44...
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