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Sales of existing homes in the United States fell by 3.1 percent in October to a seasonally adjusted annual rate of 4.98 million units, the National Association of Realtors (NAR) reported Monday. |
More Internet retailers will offer special promotions on Cyber Monday, the day following the Thanksgiving weekend touted as the kickoff of the online holiday shopping season.
It's common knowledge that about the only hurdle to getting a mortgage in recent years was the ability to fog a mirror. But with the economy on the skids, the rules have changed. Lenders now continually are tightening standards and are increasingly unwilling to make any exceptions for fear they won't find a loan buyer on the secondary market.
U.S. government and Citigroup Inc. have negotiated a rescue of the troubled bank that includes a multibillion-dollar one-two punch to contain bank problems.
The transition team of President-elect Barack Obama is breaking records with the rapid-fire rate in which it is announcing high-level cabinet appointments. Today's reports suggest New Mexico Gov. Bill Richardson is in line to be selected as the next Secretary of Commerce. That appointment however does not exhaust the list of desirable Hispanic cabinet secretaries, say leading Hispanic political organizations.
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