2008 Brentwood Values to Rise 46 Percent
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Residents of Brentwood, a changing working-class neighborhood in Northeast Washington booming with economic development, will see a 46 percent increase in their 2008 property values, city officials said yesterday.
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The pace of existing U.S. home sales edged up in November to a 5 million-unit annual rate and the median price fell from a year earlier, the National Association of Realtors said on Monday.
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NEW YORK, December 30  - The National Association of Realtors reported yesterday that the sales of existing homes in the US had risen to an all-time monthly high in November, surpassing expectations.
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US crude oil futures climbed towards $46 a barrel Monday after Russia&#39;s Yukos suspended some oil exports to China and traders remained concerned about storm-related supply disruptions into the United States.
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VIENNA, Austria -- Oil prices rose above $62 a barrel Thursday as OPEC delegates said they had agreed in principle to leave production unchanged for now but set the stage for a likely cut of half a million barrels a day in February.
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The pace of existing home sales edged up in November from a record low, according to a report on Monday that offered some tentative signs of stabilization in the still-ailing housing market.
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A more vigorous office market throughout the area is signaling StamfordÂs resurgence as a major center for financial services.
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US sales of previously owned homes rose 2.7 percent to a record in November, making 2004 the best year ever for housing. Existing homes sold at a 6.94 million annual rate, up from a 6.76 million pace in October
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U.S. oil prices held above $46 a  barrel on Tuesday on worries of a major supply disruption at a  time when producers are pumping at full tilt to meet strong  demand.
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US light crude climbed to $49.36 a barrel, up 48 cents and just four cents below the record high set in late August at $49.40. In London, Brent crude oil futures in surged to a new peak of $45.
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Data from NPD indicates that video games and hardware sales in the US were up 46 percent in August from the previous year.
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Over the last 40 years, home prices have grown at a rate far exceeding wages.
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U.S. housing starts unexpectedly rose 4.7 percent last month to a nearly 21-year high as single-family housing starts shot up to a record, a Commerce Department report showed on Wednesday.
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Prices of single-family homes across the nation rose in November at the slowest rate in more than a decade, a housing index released yesterday by Standard &amp; Poor's showed, countering other evidence the housing slowdown may be nearing an end.
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Crude oil futures jumped toward $44 a barrel Tuesday as traders appeared to remain concerned about tight supplies of heating oil ahead of the government's next petroleum supply report and as colder weather approached the U.S. Northeast.
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Oil prices surge to fresh record highs in London, with Brent crude reaching the $50-a-barrel mark for the first time.
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Standard Pacific Corp , which  builds homes in the once-hottest U.S. markets, said on Monday  net new orders in July and August rose 20 percent, with those  in California nearly doubling.