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Auto Outlook: Toyota bullish on U.S. comeback
LONDON, May 29 (UPI) -- The average price of homes in Britain rose in May for the second time this year, having also risen in March, the country's largest building society said.
The average home price rose 0.9 percent in March. In May, home prices rose 1.2 percent to $248,372, Nationwide Building Society said.
Nationwide Chief Economist Martin Gahbauer said: "The short-term trend in house prices has clearly improved from where it was at the beginning of the year," the Daily Telegraph reported Friday. However, "it is still too early to say that the market is turning definitely."
Economist Howard Archer at Global Insight said he expected "housing prices have some way to fall."
However, "we do expect the rate of decline to moderate over the coming months," he said.
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WASHINGTON, Feb. 14 (UPI) --
White House critics say raising taxes on domestic energy is bad policy, though supporters counter the U.S. budget addresses the energy sea change.
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WASGHINGTON, D.C., Feb. 13 (UPI) --
Defense industries are weighing the potential impact of proposed defense cuts running into tens of billions of dollars over the next 10 years.
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Local markets will probably not be swamped by waves of foreclosures following the multi-state mortgage settlement announced yesterday. Rather, the huge inventory of one to two million foreclosures will enter markets gradually....
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President Barack Obama has revealed a budget that, once again, will give the Republican party a chance to show that vitriol is more fun than compromise.
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