Monday, September 17, 2007

Recordnet.com - "Sales drop to lowest level since 1990s downturn" (9-15-07)

"August was a very cold month, at least in the home-sales market. The last time the median sales price of an existing Stockton home crossed the $300,000 mark - in November 2004 - it was a major landmark in a long-running boom market. Last month, the sales price crossed $300,000 again, but this time, on the way down."


baltimoresun.com - "Would Fed rate cut help?" (9-15-07)

"The Federal Reserve is widely expected to cut its benchmark interest rate Tuesday for the first change since June last year. Given what's roiling Wall Street, however, it might prove akin to offering a Band-Aid to stop a stomachache. In recent speeches, Fed governors have all but confirmed that a cut is coming from the Federal Open Market Committee, the Fed's policymaking group."

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