Monday, September 28, 2009

Existing-Home Sales Ease Following 4 Monthly Gains

RISMEDIA, September 28, 2009—Existing-home sales in August 2009 gave back some of their strong gain in July but remain above year-ago levels, according to the National Association of Realtors®. Existing-home sales- including single-family, townhomes, condominiums and co-ops- declined 2.7% to a seasonally adjusted annual rate of 5.10 million units in August from a pace of 5.24 million in July, but remain 3.4% above, continued... http://rismedia.com/2009-09-27/existing-home-sales-ease-following-4-monthly-gains/

Wednesday, September 16, 2009

Bernanke: Recession is Over, but Tough Times Will Linger

RISMEDIA, September 16, 2009—(MCT)—The deep recession that's gripped the U.S. economy by the throat since December 2007 is "very likely over at this point," Federal Reserve Chairman Ben Bernanke recently said. However, Bernanke painted a picture of an underperforming economy well into next year as he fielded questions after a speech at the Brookings Institution, a center-left research center in the nation's capital. Continued ...http://rismedia.com/2009-09-15/bernanke-recession-is-over-but-tough-times-will-linger/