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Real Estate
Home-building slows recoveryThe budding economic recovery isn't getting much help from the home-building industry, which normally creates jobs and drives growth when a recession ends. More Home sales down for first time in over a yearCoachella Valley home sales fell 3 percent in September, a new report from San Diego-based MDA DataQuick shows. Sales had been rising steadily since June 2008 — after sales fell 12 percent and the median sales price stood at $300,000 — mostly because of dropping prices. More Realtors expect home prices to riseHome prices are expected to grow modestly next year and sales will keep rising as the housing market continues to recover, the National Association of Realtors said Friday. More |
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