Pending home sales dropped 0.7% to an index reading of 101.4 in November, after an unrevised 2.6% decline to 102.1 in October, according to a report released Friday by the National Association of Realtors. An index of 100 is equal to the average level of contract activity during 2001. Year-over-year the pending homes sales index
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The brick houses of Acorn Street in Boston, Massachusetts, are trimmed with brownstone.Getty Not everyone loves it. Author Edith Wharton called it “the most hideous stone.” New York’s Buildings Department once heard the complaint that it was “as if New York City were covered in cold chocolate.”Vincent Scully, professor emeritus of the history of art at
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In the week ended Dec. 27, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, fell to 4.09% from 4.13% last week. The Bond Buyer’s 20-Bond GO Index of 20-year general obligation yields dropped one basis point to 4.10% from 4.11% in the
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The Wall Street Journal reports Apple has lost nearly $9 billion this year buying back its own stock. Apple is one of those buyback monsters that has spent significant money to buy back their stock, not just this year but since 2013 Apple’s share count has declined from 6.5 billion shares to 4.5 billion —
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Answers to common mortgage questions(c) Canstockphoto / 3dfoto Quora is a popular internet site that invites users to pose questions on any topic. Quora refers the questions to experts in various fields who have volunteered their services. I am one of them, and the questions arrive daily. I had not been doing this for very
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Brexit-supporting hedge-fund manager Crispin Odey has seen profits more than halved at his boutique investment house. MarketWatch topics: Brexit Operating profit has slumped to £8.7 million (roughly $11 million) for the year ending in April 2018 from £18.6 million, according to the latest accounts for Odey Asset Management, which were published Friday at Companies House.
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WASHINGTON – The legislative outlook for the tax treatment of municipal bonds is brighter in 2019 than a year ago with a strong supporter of municipal bonds ascending to the chairmanship of the Ways and Means Committee as part of the new Democratic majority. Rep. Richard Neal, D-Mass., begins serving as chair the panel that
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The Puerto Rico Oversight Board is seeking to invalidate Puerto Rico government rent payments made to the Puerto Rico Public Buildings Authority, which support the authority’s roughly $4 billion in outstanding bonds. Success in the board’s adversary proceeding in Title III bankruptcy court would cut off revenue backing the authority’s bonds while allowing Puerto Rico
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Investors should be careful as the recent spike in market volatility is far from normal, according to the manager of the California State Teachers’ Retirement System, which has more than $200 billion in assets. “The last few days have been abnormal volatility,” Christopher Ailman, chief investment officer at CalSTRS, told CNBC during a special aired
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Beside their Greek Revival mansion outside of Nashville, Tennessee is the tomb of Andrew and Rachel Jackson.The Hermitage Visiting the homes of famous Americans has been a favorite American pastime since before the advent of the automobile. However, cars made these pilgrimages a lot easier, and for many children, summer vacation meant a road trip
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President Trump expressed confidence in the Treasury secretary, Federal Reserve and U.S. economy on Tuesday, moving to calm financial markets further roiled after Bloomberg News reported that the president had discussed firing the central bank’s chairman over raising interest rates. Trump, asked if he has confidence in Treasury Secretary Steven Mnuchin, said, “Yes I do,
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