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Controversial Book On Obama Appears To Have Lifted Key Quote
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National Association of Realtors
Corporate Profits Soar to Record Levels, but Little Evidence of Trickle Down Yet
By David Knowles - AOL News(Nov. 23) -- When it comes to the nation's economy, is the glass half full or half empty? On Tuesday, the U.S. Department of Commerce revised its figures for how fast the nation's economy grew in the third quarter. GDP measured 2.5 percent, up 0.3 percentage points from the original estimates of 2.2 percent. A range of factors contributed to the revision, including strong consumer spending and healthy export sales. GDP has remained in positive territory in each of the first three quarters of 2010, marking a year in which the nation began to wrest free of the grip of the worst recession in ...
Home Sales Drop 27 Percent in July, Slowing Recovery
By Tom Diemer - Politics DailyAnother setback for the "Recovery Summer." Sales of previously owned houses dropped by 27.2 percent in July compared to June, taking the market for single-family homes to its lowest level in 15 years. Sales of single-family abodes -- the bulk of the market -- were at their lowest level since 1995, according to the National Association of Realtors, which conducts the monthly survey. Allowing for seasonal adjustments, sales of townhomes, condominiums, co-ops and single-family units amounted to 3.83 million last month, the worst showing since 1999. "We obviously saw the numbers," White House ...
Why Are Realtors Getting Their Own $60 Million Oil Spill Compensation Side Fund?
By Dana Chivvis - AOL News(Aug. 20) -- In its comprehensive story on the new Gulf Coast Claims Facility, which on Monday will begin processing claims for the BP oil compensation fund under Ken Feinberg, the New York Times included a short paragraph about a $60 million slice of the $20 billion fund being set aside for the compensation of gulf state real estate agents and brokers. The money would be distributed by the National Association of Realtors (NAR) or the related gulf state associations, with the national group writing the eligibility requirements, the Times wrote. The tidbit made Surge Desk scratch its head. ...
Home Sales Slump for Second Straight Month
By Christopher Weber - Politics DailySales of previously owned homes dropped in January for the second straight month, a trend the chief economist for the National Association of Realtors called "not encouraging." The realty group reported sales of existing houses, townhouses, and condos were down 7.2 percent to 5.05 million last month, according to The Washington Post. December saw a record 16.2 percent decline. Economist Lawrence Yun said Realtors are holding out hope the trend may reverse itself in spring, when more Americans are expected to take advantage of a recently renewed tax credit for first-time buyers and some current ...
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