March 15, 2013 - These days, you might be surprised to receive a call from a realtor looking to sell your house -- even if it's not on the market. Mary Beth Harrison, a Dallas real estate agent, has been scouring tax records and contacting homeowners with lots of equity in their homes in the hopes they may be persuaded to sell. "That's how hot things are now," she told Bloomberg.com contributor Carla Fried when Fried wrote recently about the spring home-selling season.
The U.S. Treasury Department suspended sales of securities to local and state governments, the first of several steps it can take to keep funding the government without breaching the nation’s debt limit.
Stocks rose, sending the Standard & Poor’s 500 Index to another record, as weakness in manufacturing and a drop in wholesale inflation fueled bets the Federal Reserve will be in no rush to scale back stimulus. The euro slid as the region’s recession deepened.
Wall Street’s biggest bond dealers are starting to forecast that the U.S. Treasury will reduce the size of its debt auctions in coming months for the first time in three years as government revenue soars.