Pending home sales in the U.S. unexpectedly fell 1.8% in September, the National Association of Realtors reported Friday. It was the statistic’s first decline in three months, and one that suggests that the housing sector’s rec…
For a while, it seemed the housing crisis had been averted. Now, Gary Shilling, president of economic consulting firm A. Gary Shilling & Co., says that things are likely to get worse. He predicts that housing prices could fall another 20%.
Continue reading Gary Shilling: Home Prices Could Fall 20% More
Gary Shilling: Home Prices Could Fall 20% More originally appeared on DailyFinance on Fri, 05 Nov 2010 08:33:00.
Filed Under: Economy, Investing, Real Estate, Video
Beazer Homes USA (BZH) reported a loss of 81 cents per share for the quarter ended Sept. 30, compared with earnings of 84 cents per share a year earlier.
Revenue for the quarter fell to $274.8 million, from $365.6 million a year earlier, the company said in a statement. Beazer took a $26.5 million non-cash pre-tax charge related to inventory impairments.
For the full fiscal year,…
Continue reading Beazer Reports Quarterly Loss of 81 Cents Per Share
Beazer Reports Quarterly Loss of 81 Cents Per Share originally appeared on DailyFinance on Fri, 05 Nov 2010 08:21:00.
Filed Under: Company News, Economy, Real Estate
The percentage of unemployed managers and executives relocating for new positions fell to a record low in the third quarter, according to analysis by Challenger, Gray & Christmas. The relocation rate for the last four quarters …
Among the day’s top online stories for investors: Why the housing market is ready to boom, which sector significantly outperformed the S&P over the past year, and the scoop on Warren Buffett’s successor Todd Combs.
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