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Iran shipping line masks 'arms vessels'
NEW YORK, Aug. 31 (UPI) -- A closely watched housing index, the Standard & Poor's Case Shiller report, said home prices rose 4.4 percent in the second quarter of 2010.
The S&P/Case-Shiller 20-city index rose 1 percent in June compared with May.
The year-over-year increase, meanwhile, beat expectations, coming in at 4.2 percent, compared with a consensus forecast of 3.6 percent.
"While the numbers are upbeat, other more recent data on home sales and mortgages point to fewer gains ahead," said S&P Index Committee Chairman David Blitzer, referring to a Commerce Department report that said sales of recently built homes fell 12.4 percent in July and a National Association of Realtors report that said existing home sales plummeted in the seventh month, down more than 27 percent.
Nevertheless, home prices in 17 of 20 cities rose in June over May, with only Las Vegas reporting lower prices -- off 0.6 percent -- and Phoenix and Seattle reporting prices unchanged.
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WASHINGTON, Feb. 9 (UPI) --
Putting $12 million in hardware and pilot projects in the solar power sector will provide much-needed stimulus to the U.S. economy, an official said.
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MELBOURNE, Fla., Feb. 9 (UPI) --
The U.S. military has awarded contracts to the Harris Corp. and Raytheon for air-to-air missiles and their components.
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With rental vacancy rates at their lowest levels in 10 years, a review of TransUnion's proprietary rental screening database found that rental prices remained about the same between the fourth quarters of 2010 and 2011....
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Government officials are on the verge of an agreement worth as much as $26 billion with five major banks, capping a yearlong push to settle federal and state probes of alleged foreclosure abuses by lenders.
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