FDIC Eyes Extension to Unlimited Deposit Insurance - The FDIC on Tuesday proposed extending a program that provides unlimited deposit insurance for non-interest-bearing deposits by six months. The coverage was set to expire Dec. 31, 2009, but the agency extended it to June 30, 2010, seeking to calm fears of large businesses that have significant business customers that keep large deposit accounts at banks for their payrolls. The agency provided a temporary blanket deposit insurance coverage for non-interest-bearing accounts last year as the financial crisis worsened.
Home Prices Decline 0.1% in April - According to a report from the Federal Housing Finance Agency, U.S. home prices fell 0.1% in April and declined 6.8% in the past year. Out of nine regions, prices fell in five, and rose in four. For March, the decline was revised down to 1.4%, from a prior estimate of a 1.1% drop.
May Existing Home Sales Report - Falling prices boosted sales of pre-owned homes in May to the highest level since October, the National Association of Realtors estimated Tuesday. Existing-home sales rose 2.4% to a seasonally adjusted annual rate of 4.77 million, the trade group said. Sales have risen in three of the past four months, and are down 3.6% in the past year. The median sales price fell 16.8% in the past year to $173,000. Inventories of unsold homes fell 3.5% to 3.80 million, representing a 9.6-month supply at the May sales pace.
Home Prices Decline 0.1% in April - According to a report from the Federal Housing Finance Agency, U.S. home prices fell 0.1% in April and declined 6.8% in the past year. Out of nine regions, prices fell in five, and rose in four. For March, the decline was revised down to 1.4%, from a prior estimate of a 1.1% drop.
May Existing Home Sales Report - Falling prices boosted sales of pre-owned homes in May to the highest level since October, the National Association of Realtors estimated Tuesday. Existing-home sales rose 2.4% to a seasonally adjusted annual rate of 4.77 million, the trade group said. Sales have risen in three of the past four months, and are down 3.6% in the past year. The median sales price fell 16.8% in the past year to $173,000. Inventories of unsold homes fell 3.5% to 3.80 million, representing a 9.6-month supply at the May sales pace.
No comments:
Post a Comment