The epicenter of the U.S. foreclosure crisis is shifting to New Jersey and New York, threatening a housing rebound in one of the country’s most densely populated areas.
India’s rupee swung between gains and losses as inflows into the nation’s stocks and bonds were countered by speculation importers will buy dollars to pay month-end bills.
Home prices in the U.S. climbed at a slower pace in the year through December, pointing to a moderation in the market that will help keep more properties within reach for prospective buyers.
Following are the minutes of the Federal Reserve’s Open Market Committee meeting that concluded on Jan. 29.
BlackRock Inc. says Chinese developer bonds will rally from the worst start in three years, even after the central bank said it would enhance monitoring of credit risks in the industry.
Shares of U.S. homebuilders are leading consumer discretionary stocks as the new home market is poised to rebound faster than other cyclical purchases this year.
The Federal Open Market Committee is likely to further trim bond purchases as it meets for the last time before Janet Yellen takes over as head of the U.S. central bank from Ben S. Bernanke.
China’s new home sales last year exceeded $1 trillion for the first time as property prices in cities the government considers first tier surged in the absence of more nationwide property curbs.
The following is the text of the Federal Reserve Board’s Sixth District-- Atlanta.
Hunter Says Home Sales Disappoint Partly Due to Col
Metrostudy’s Hunter Sees Cancelled New Home Sales (
Hunter Says New Home Sales Still Strong
Metrostudy’s Hunter Says New Home Sales Have Paused
Brusuelas Discusses New Home Sales, Jobless Claims