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API wants desks cleared of LNG export plans
SANTA ANA, Calif., May 8 (UPI) -- U.S. home prices rose in March compared to February for the first monthly climb in eight months, market research firm CoreLogic said Tuesday.
On a month-to-month basis, home prices were up 0.6 percent, CoreLogic said. On an annual basis, however, prices were off by 0.6 percent.
The figures include sales of distressed homes, which involves short sales and real estate owned transactions.
Excluding distressed sales, the Home Price Index rose 0.9 percent in March 2012 compared to 12 months earlier.
"This spring the housing market is responding to an improving balance between real estate supply and demand which is causing stabilization in house prices," said Mark Fleming, chief economist for CoreLogic.
Fleming said that pattern has been true in the past two years. However, "the difference this year is that stabilization is occurring without the support of tax credits and in spite of a declining share of real estate owned sales."
Real estate owned sales are defined as sales of properties owned by the bank or the agent that insured the loan.
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BRUSSELS, May 22 (UPI) --
The European Union will carefully weigh the risks of shale gas development this year but also needs to stem high energy prices, the EU's energy chief says.
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More than $4 billion of cash reserved for Chilean military procurement remains unspent because of mysterious workings of funding arrangements.
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Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous...
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Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda.
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