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Weighing in on his company's strategy during a troublesome housing market, with Sam Zell, Equity Group Investments chairman.
Employment Jumps; Rate 8.3%, 243,000 New Jobs Created
Americans are cutting their debt faster than other countries and could already be halfway through the deleveraging process, setting the stage for the nation’s economic recovery
The housing market is improving but it's not clear whether it has hit its low yet, Wells Fargo Chief Financial Officer Timothy Sloan told CNBC.
The US economy will grow modestly this year, but the difficulties posed by unemployment, housing and Europe's debt crisis are "more serious than we thought," Richmond Fed President Jeffrey Lacker told CNBC Wednesday.
Despite record low mortgage rates reported today and rising affordability in most U.S. housing markets, rent is the new reality for former home owners and new households alike.
Unemployment Falls to 8.5%; 200,000 New Jobs Created
Jobs Picture: Claims Fall, Job Creation Surges; Layoffs Ease
Mortgage-Backed Securities Are Good Bet Now: Gross
Data on sales of previously owned U.S. homes from 2007 through October this year will be revised down next week because of double counting.
Why Sovereign Debt Ratings May Not Matter That Much