department

Economy

Housing Slumps; U.S. Economy Catches Cold

by Charles Feldman | October 28, 2006

It is not uncommon for people to catch cold during the fall and winter months, but it would appear the U.S. ecomony is also feeling a bit of a chill, and some experts say the recent slump in housing sales is to blame. The U.S. Commerce Department reported that overall growth slipped to 1.6 percent [...]

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Economy

Biggest Drop In New Home Prices In More Than 30 Years

by Charles Feldman | October 27, 2006

Interesting news the other day out of the Commerce Department and reported in the New York Times about new-home prices: The median price (the statistical point where half the houses are priced less but half are priced more) of a new house nosedived 9.7 percent last month when compared with the same month one year [...]

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