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  • US Home Prices Plunged at Record Pace Last Year Tuesday, 26 Feb 2008 | 12:50 PM ET

    The collapse in U.S. home prices accelerated to a record pace in the fourth quarter of 2007, with prices plunging 8.9 percent last year, according to a national home price index released on Tuesday.

  • Wholesale Inflation Soars On Rising Energy Costs Tuesday, 26 Feb 2008 | 11:46 AM ET

    Inflation at the wholesale level jumped 1 percent in January on rising energy costs and posted the biggest 12-month gain in more than 26 years.

  • Pimco's Gross: Inflation Hurts Treasuries Appeal Tuesday, 26 Feb 2008 | 8:57 AM ET
    Bill Gross

    U.S. government bonds hold little appeal with inflation making a strong comeback, the manager of the world's largest bond fund said on Tuesday.

  • Consumers Held Back German Growth at Close of 2007 Tuesday, 26 Feb 2008 | 3:55 AM ET

    Weak consumer spending dragged down German growth in the final quarter of 2007 as inflation surged to a 14-year high, official data showed on Tuesday.

  • Today, the Realtors tried to argue that the housing market is “scratching the bottom,” or at least that’s what their chief economist Lawrence Yun said. Sorry Lawrence, as usual, I don’t buy it. Sure, sales were basically flat in January, down just 0.4 percent from December (although down 23.4 percent from a year ago), but far more telling of the market is the price...

  • Economy to Skirt Recession, but Growth to Crawl: NABE Monday, 25 Feb 2008 | 11:58 AM ET
    A foreclosed home for sale.

    The U.S. economy will likely avoid a recession but growth will slow to a crawl during the first half of this year, a panel of business economists forecast Monday.

  • Home Resales Hit 10-Year Low, Prices Keep Sliding Monday, 25 Feb 2008 | 11:28 AM ET
    Home prices continuing to drop.

    Sales of existing homes fell to the lowest level in nearly a decade in January while the median price for a home dropped for the fifth straight month.

  • Bargain Home Prices May Lure Buyers Back Soon Monday, 25 Feb 2008 | 11:21 AM ET
    A home is advertised for sale at a foreclosure auction in Pasadena, California.

    The distressed U.S. housing market should get a lift this spring as bargain prices lure prospective buyers, but tighter lending will limit any rebound.

  • Greenspan Says US Growth is at Zero Monday, 25 Feb 2008 | 5:24 AM ET
    On his last day as chairman of the Board of Governors of the Federal Reserve System, Alan Greenspan smiles as he presides over his final Federal Open Market Committee meeting at the the Fed's headquarters in Washington, Tuesday, Jan. 31, 2006. He is speaking to Deborah J. Danker, at left, special assistant to the board, with Vice Chairman Roger W. Ferguson Jr., at right. Greenspan has held the post for more than 18 years and is widely viewed as the most successful chairman in the Fed's 92-year h

    U.S. economic growth has stalled and recovery may take longer than usual, former U.S. Federal Reserve chairman Alan Greenspan said on Monday.

  • Fed's Fisher: Rate Cuts Need Time to Work Friday, 22 Feb 2008 | 2:54 PM ET
    Hundred Dollar

    Dallas Federal Reserve President Richard Fisher said on Friday that it will take some time for interest-rate cuts the Federal Reserve has made since last September to kick in and boost the economy.

  • Pimco's Gross: Fed Cuts Are No Help for Housing Friday, 22 Feb 2008 | 12:19 PM ET
    For Sale Signs

    The Federal Reserve's aggressive interest-rate cuts have failed to push mortgage rates lower and thus have done little to help the battered U.S. housing market, said Bill Gross, chief investment officer at Pimco, the world's largest bond fund.

  • There’s something called remorse. Maybe you’ve heard of it. Clearly Countrywide Financial spacer is not in touch with that emotion right now. While many Americans are struggling to pay mortgages they never should have been offered or are staring down the face of foreclosure...

  • Re-listing Homes: Your Emails On My Post Thursday, 21 Feb 2008 | 3:05 PM ET

    I got a lot of responses to my previous post about re-listing homes. Here's a sample: From Blair D: "I think re-listing can hurt the seller as much as the buyer in this market. I know of people who are interested in buying a house but are sitting on the sidelines waiting to get the best deal...

  • Re-listing: I Think It's Cheating--What Do You Think? Thursday, 21 Feb 2008 | 11:40 AM ET
    For Sale Signs

    There’s been a lot of talk in the blogosphere lately about the phenomenon of “re-listing”, and so it behooves me to weigh in. “Re-listing” is when an agent takes a property that’s been sitting on the market a bit longer than one might like and removes it from the market, only to “re-list” it days or even minutes later as a “fresh” listing.

  • Philly Fed Factory Activity Slumps Further in February Thursday, 21 Feb 2008 | 8:39 AM ET
    Auto assembly line

    Contraction in U.S. Mid-Atlantic factory production accelerated in February as manufacturers pulled back in anticipation of an economic downturn, according to the Philadelphia Federal Reserve.

  • EU Cuts Euro Zone Growth Outlook, Sees Inflation Up Thursday, 21 Feb 2008 | 7:47 AM ET

    Euro zone economic growth is expected to slow to 1.8 percent this year from 2.7 percent in 2007, while inflation should stay well above the European Central Bank target, the European Commission said on Thursday.

  • That '70s Look: Stagflation Thursday, 21 Feb 2008 | 5:17 AM ET

    Lately, many people are hearing an echo — faintly perhaps but distinctly audible — of the stagflation of the 1970s.

  • Japan Exports Rise but Trade Gap Biggest in Two Years Wednesday, 20 Feb 2008 | 9:20 PM ET

    Japan's exports rose more than expected in January from a year earlier as solid shipments to Asia and Europe cushioned soft exports to the United States, a major destination for Japanese goods.

  • Inflation Gathers Steam as Housing Slides Further Wednesday, 20 Feb 2008 | 4:25 PM ET

    US inflation accelerated in January in a worrying sign for the Federal Reserve's campaign to bolster the flagging economy. 

  • Fed Sees Credit, Housing Cutting Into Growth Wednesday, 20 Feb 2008 | 3:01 PM ET
    The Federal Reserve headquarters in Washington, DC.

    The Federal Reserve lowered its projection for economic growth this year, citing damage from the housing slump and credit crunch.