May 22
In an interview with CNBC, Treasury Secretary Henry
Paulson said that the U.S. has been in a rough patch but is
coming closer to the end of the current credit crisis.
May 22
Existing home sales for April, which will be released
Friday by the National Association of Realtors (NAR), are expected to
decline further to a pace of 4.85 million units following March’s sales
figure of 4.93 million. This would mark the second month that home sales
have remained under the 5 million mark.
May 22
Fed Governor Randall Kroszner (voter), speaking at a conference of
state bank supervisors, said that mortgage markets will
recover slowly and that the key to the recovery is better risk
management.
May 22
At 8:30 a.m. EDT, the U.S. Labor Department will release initial and
continuing jobless claims for the weeks ending May 17 and 10
respectively. Economists expect a rise of 373k following a 371k increase
in the previous week. Continuing jobless claims are expected to rise to
3,065k from the previous week’s 3,060k level.
May 22
House prices fell 0.4% month-over-month in March
following February’s revised 0.4% gain, and declined 1.7% quarter-over-
quarter in Q1 compared to a previous 0.1% gain, the Office of Federal
Housing Enterprise Oversight (OFHEO) reported Thursday. The quarterly
fall was the largest decline on record.
May 22
Lovely 3 BR/2BA with family room and eat-in Kitchen including wrap around deck and a lot of windows on almost an acre wooded lot. New roof, heating and air unit, counter tops, appliances and sliding glass doors. Attached two car garage with partial basement.