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11/28/2006 Real estate prices, sales drop in October
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The rate of existing-home sales ended a six-month slide and rose 0.5 percent in October compared to September, though the rate was 11.5 percent below the October 2005 level, according to a National Association of Realtors report today.
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11/28/2006 Housing lull weighs on construction industry
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An expected drop in single-family home construction will pull down the 2007 construction market by 1 percent to $668 billion, according to an industry forecast.
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11/28/2006 Consumer confidence heads south
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The Conference Board's Consumer Confidence Index sank further in November, falling from 105.1 to 102.9, as fewer Americans expect improvement in labor and business conditions over the next few months.
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11/28/2006 Mixed movement in overnight real estate rates
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Long-term mortgage interest rates barely budged Monday, and the benchmark 10-year Treasury bond yield dropped to 4.53 percent.
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11/28/2006 Home builders' earnings not what they used to be
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As housing markets cooled, profits at several
major home-building companies were sawed in half in the latest-reported quarter
compared to the same quarter last year, while stock prices have generally
recovered from annual lows in July.
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11/28/2006 A Time For Yellow Flags
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Figures from the National Association of Realtors show that the market has done fairly well. Of 148 metro areas, 102 showed year-to-year price gains, 45 were down and one was unchanged.
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11/28/2006 Prefab Rooftop Addition May Inspire Canadian Intensification
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As urban land values drive new development upward to skyscraper heights, the flat roofs of existing buildings become fertile ground for construction. Add a floor or two to an older building and the result may be increased property value and greater income potential.
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11/28/2006 November Roundup
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Loan rates were falling to their lowest level since the first of the year as November drew to a close.
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11/28/2006 Savvy Consumers Don't Shoot Messenger
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Back East, the Wall Street Journal's bullish group of more than 50 economists were leaning 2-to-1 that the worst of the housing bust is already over with only mild price declines to come.
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11/28/2006 Ask George & Chuck: Questions from Consumers
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Question (AL): If your house doesn't sell and it's near the time to close on another home, would you recommend contacting the We Buy Houses companies?
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