Housing News
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- Consumer confidence gains but housing tenuous (Reuters via Yahoo! News)
U.S. consumer confidence in January hit its highest level in nearly a year and a half, but a closely watched housing index showed an unexpected decline in November home prices, giving a mixed picture of the economic recovery. - Fed May Take Chance End to Debt Purchases Won?t Hurt Housing (Bloomberg)
Jan. 27 (Bloomberg) -- The Federal Reserve may take a chance the housing market can stage a comeback without its support by announcing today it will stick to the plan to end a $1.25 trillion program of mortgage-debt purchases in March. - Housing Bubble Fears, And Prices, Soar In China (NPR)
New figures show that property sales in China jumped 75 percent last year as record levels of bank loans boosted purchases. Concern that the country is in the grip of a housing bubble is growing, and in the meantime, official figures show 85 percent of Chinese can no longer afford to buy properties. - Home prices suggest tenuous housing rebound (Reuters via Yahoo! News)
Home prices slipped in November and were softer than expected in the latest sign that a rebound in the U.S. housing market is still tenuous, according to Standard & Poor's/Case-Shiller indexes on Tuesday. - Stocks open down after housing data (Reuters via Yahoo! News)
Wall Street opened lower on Tuesday after China tightened bank lending requirements and data showed a rebound in the U.S. housing market is tenuous.
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