3 Bedroom Ranch home for sale in Sun Lakes, AZ - 05/31/12 04:47 PM
3 Bedroom Ranch home for sale in Sun Lakes, AZ … (0 comments)

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Housing secretary: Market has 'turned a corner' - 05/16/12 09:38 AM
Shaun Donovan, secretary of the Department of Housing and Urban Development, said today that the U.S. housing market has "turned a corner."
 
His comments at a Bloomberg-sponsored conference echoed those of the National Association of Realtors, which said last week that lower inventories may create "more balanced conditions" and a rise in home prices.
 
The most recent housing data show that pending home sales in March — or homes under contract but not yet closed upon — were at their highest level since April 2010, spurring optimism for more closings in coming months. Sales of existing homes were up … (2 comments)

US housing starts rose to 717,000 in April - 05/16/12 08:30 AM
WASHINGTON (AP) - U.S. builders started work on more homes and apartments last month and requested more permits to build single-family homes. The increases suggest the battered housing market is healing.
The Commerce Department said Wednesday that builders broke ground in April at a seasonally adjusted annual pace of 717,000 homes. That's a 2.6 percent increase from an upwardly revised March figure and near January's three-year high of 720,000. Construction rose for both single-family homes and apartments.
Building permits, a gauge of future construction, fell last month from a 3 ½ year high to a seasonally adjusted annual rate of 715,000. … (1 comments)

3 Bedroom home for sale in Maricopa, AZ - 05/11/12 09:31 AM
3 Bedroom home for sale in Maricopa, AZ … (1 comments)

Stocks jump on consumer optimism - 05/11/12 08:31 AM
 
Stocks were gaining Friday, rebounding from earlier losses, as better-than-expected consumer sentiment data eased the panic caused by JPMorgan Chase's (JPM -7.49%) $2 billion trading loss.
 
The Dow Jones Industrial Average ($INDU +0.44%) was up by 48 points, or 0.4%, at 12,903. The S&P 500 ($INX +0.51%) was up by 5.8 points, or 0.4%, at 1,364. The Nasdaq ($COMPX +0.77%) was adding 21 points, or 0.7%, to 2,955.
 
The Thomson Reuters/University of Michigan consumer sentiment index rose to 77.8 in May from 76.4 in April, defying economists' predictions for a decline to 76.<!--EndofExcerptMarker-->
 
The Labor Department also said its producer price index, which measures wholesale prices for goods, fell 0.2% in April as inflation remained in check. Economists had expected … (0 comments)

Home prices rise for first time in 8 months: Corelogic - 05/08/12 09:18 AM
  … (1 comments)

4 Bedroom home for sale in Phoenix, AZ - 05/07/12 02:50 PM
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Stocks hold steady despite European elections - 05/07/12 11:31 AM
Almost as soon as the outcomes of elections in France and Greece were clear on Sunday, futures trading suggested today's open would be awful at best. Didn't happen. In fact, markets in Germany, France, Spain and Italy moved higher. (Greece's major stock index was off nearly 7%, however.) The U.S. market is pushing into the black, with the Standard & Poor's 500 Index ($INX +0.23%) and Nasdaq Composite Index ($COMPX +0.32%) both showing gains. Three  important sectors of the market -- banks, transportation and technology -- are higher. Six months ago, the European results might have induced real panic. Panic was not … (1 comments)

4 bedroom home sale in South Tempe AZ 85284 - 05/07/12 11:27 AM
4 bedroom home sale in South Tempe AZ 85284 … (0 comments)

3 Bedroom Home for sale in Phoenix, AZ 85048 - 05/05/12 05:14 PM
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4 Bedroom Custom Home for sale in AZ 85044 - 05/04/12 05:51 PM
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Stocks drop on weak employment data - 05/04/12 08:12 AM
 
Stocks were dropping Friday after the U.S. economy added fewer jobs than expected for a second straight month in April.
 
The Dow Jones Industrial Average ($INDU -0.97%) was down by 101 points, 0.8%, at 13,105. The S&P 500 ($INX -1.20%) was down by 13 points, or 0.9%, at 1,379. The Nasdaq ($COMPX -1.60%) was falling by 39 points, or 1.3%, to 2,986.
 
American employers expanded their staffs by 115,000 jobs in April, following a revised gain of 154,000 workers in March, the Labor Department said. Economists surveyed by Thomson Reuters had expected 170,000 new jobs, a 50,000-job increase from the previously reported 120,000 in March, which was less than analysts had predicted. The unemployment rate declined to 8.1% from 8.2%. Economists had forecast the rate to be unchanged.
… (0 comments)

Freddie asks for $19M in aid after 1Q loss - 05/03/12 08:38 AM
WASHINGTON (AP) - Government-controlled mortgage giant Freddie Mac is requesting $19 million in additional federal aid after posting a loss for the first quarter of this year.
The requested amount is less than the $146 million that Freddie received from the government for the fourth quarter of 2011. The company received $7.6 billion for all of 2011 and $13 billion for all of 2010.
McLean, Va.-based Freddie Mac said Thursday that its net loss attributable to common stockholders was $1.2 billion, or 38 cents a share, in the January-March period. That compares with a net loss of $929 million, or 29 … (1 comments)

Stocks fall as economic fears flare up - 05/03/12 08:35 AM
 
Stocks were sinking Thursday as investors reacted to a new report that showed weakness in the service sector and weaker-than-expected sales at major retailers.
 
The Dow Jones Industrial Average ($INDU -0.07%) was down by 19 points, or 0.1%, at 13,250. The S&P 500 ($INX -0.16%) was down by 2.7 points, or 0.2%, at 1,400. The Nasdaq ($COMPX -0.33%) was losing 7.6 points, or 0.3%, to 3,052.
 
The Institute for Supply Management's nonmanufacturing index, which measures activity in service industries, fell to 53.5 for April, the weakest reading of the year, from 56 in March. Economists estimated the index to come in at 55.5 for April. Still, any reading above 50 implies expansion.<!--EndofExcerptMarker-->
Better-than-expected data about … (0 comments)

Private sector adds 119,000 jobs in April: ADP - 05/02/12 09:06 AM
NEW YORK (Reuters) - U.S. private employers added a far fewer than expected 119,000 jobs in April, the smallest gain since September 2011, a report by a payrolls processor showed on Wednesday.
Economists surveyed by Reuters had forecast the ADP National Employment Report would show a gain of 177,000 jobs. The report is jointly developed with Macroeconomic Advisers LLC.
"This is an upsetting report," said David Carter, chief investment officer at Lenox Advisors in New York.
"The strength of the U.S. economic rebound is clearly still uncertain. Hopefully we don't get a third consecutive summer of weaker growth."
U.S. stock index … (1 comments)

Stocks drop as job growth stalls - 05/02/12 09:04 AM
 
Stocks were falling Wednesday after U.S. companies added fewer jobs than expected in April, raising concerns about the economy.
The Dow Jones Industrial Average ($INDU -0.41%) was down by 57 points, or 0.4%, at 13,222. The S&P 500 ($INX -0.55%) was down by 7.9 points, or 0.6%, at 1,398. The Nasdaq ($COMPX -0.17%) was falling by 8.4 points, or 0.3%, to 3,042.
Payroll processor Automatic Data Processing (ADP -0.62%) said U.S. companies added 119,000 jobs in April, down from a revised 201,000 in March, as manufacturers and construction companies trimmed their workforces. Economists had expected companies to expand their staffing by 170,000 workers in April, compared with the originally reported … (1 comments)

World workers express anger, gloom on May Day - 05/01/12 09:31 AM
MADRID (AP) - Banging drums and waving flags, hundreds of thousands of workers marked May Day in European cities Tuesday with a mix of anger and gloom over austerity measures imposed by leaders trying to contain the eurozone's intractable debt crisis.
Taking the baton from Asia, where unions demanded wage increases as they transformed the day from one celebrating workers rights to one of international protest, workers turned out in droves in Greece, France and Spain — the latest focus of a debt nightmare that has already forced three eurozone countries to seek financial bailouts.
In the United States, demonstrations, strikes … (0 comments)

States scaling back worker pensions to save money - 05/01/12 09:28 AM
BATON ROUGE, La. (AP) - Neil Carpenter took a pay cut when he accepted a job as a Louisiana state accountant more than 12 years ago, but he figured he would make up for the loss with a retirement check that would guarantee long-term financial security for him and his family.
Now the 41-year-old finds his life plan teetering as Republican Gov. Bobby Jindal seeks to restructure the pension system for rank-and-file workers, potentially requiring higher employee contributions and delaying the retirement plans of employees like Carpenter.
"Do you really want to breach a contract with the employees who have committed … (0 comments)

Stocks for newborns: SunPower a bargain - 05/01/12 08:48 AM
It's an interesting thought experiment for anyone who claims to be a long-term investor, even if there is no baby shower on the horizon. So what stock would you buy if you had a 20-year holding period ahead of you?   Something cheap now because it's either deeply out of favor or barely a glint in a Sergey Brin's eye.<!--EndofExcerptMarker--> (Unlike say, asteroid mining.)   Something with a long-term and very solid trend at its back.   And something so stable that it's certain to be around in 20 years.   So, no Apple (AAPL +1.89%) -- already too expensive and unlikely to … (2 comments)

Stocks jump as manufacturing grows - 05/01/12 08:46 AM
 
Stocks were rising Tuesday after a new report said manufacturing activity in the U.S. is growing faster than expected.
 
The Dow Jones Industrial Average ($INDU +0.76%) was up 95 points, or 0.7%, at 13,309. The S&P 500 ($INX +1.01%) was up by 13 points, or 0.9%, at 1,411. The Nasdaq ($COMPX +1.07%) was advancing by 30 points, or 1%, to 3,077.
The Institute for Supply Management's gauge of U.S. manufacturing activity rose to 54.8% in April from 53.4% in March as new orders to factories increased. Economists had expected the index to decline to 54%. A reading of more than 50% indicates growth in activity
  The highlight of the economic calendar this week will … (1 comments)

 
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