Wednesday, September 29, 2010

TODAY IN HISTORY

With the launch of Alouette 1 in 1962 Canada became the third country to put a man-made satellite into space. The mission was successful beyond expectations, for although it was scheduled to proceed for one year, it in fact lasted for ten.

 

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Tuesday, September 28, 2010

CBC News - Money - U.S. house prices rise in July

Home prices in the United States rose in July for the fourth straight month, but many cities are bracing for declines in the year ahead.

Home prices in the United States rose in July for the fourth straight month, but many cities are bracing for declines in the year ahead.Home prices in the United States rose in July for the fourth straight month, but many cities are bracing for declines in the year ahead. (Reuters/Jeff Haynes)

The Standard & Poor's/Case-Shiller 20-city home price index increased 0.6 per cent in July from June and 3.2 per cent from a year ago. Twelve cities showed monthly price gains. Cleveland's prices were flat.

However, seven cities showed month-over-month declines and the gains in many cities were weaker than the previous month's.

The boost from government tax credits for homebuyers is fading. A record number of foreclosures, job concerns and weak demand from buyers suggest price declines are coming in the months ahead.

Nationally, prices have risen almost seven percent from their April 2009 bottom. But they remain nearly 28 percent below their July 2006 peak.

© The Canadian Press, 2010
The Canadian Press

via cbc.ca

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Home prices up, but growth rate slows - Sep. 28, 2010

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Posted via email from Selling Cambridge with Clare DeJong