California risks recession amid housing woes
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As its housing market slumps, California appears to be tilting toward recession as unemployment rises, a major Wall Street bank said in a report released on Wednesday.
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A downward spiral of falling house prices and reduced mortgage lending threatens the economy, an economist warns.
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The U.S. economy can weather a   slowdown in the housing sector as rising incomes and business   investment offer support, Federal Reserve officials said on   Wednesday as they pointed to inflation risks.
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The chances of an economic recession  are increasing as troubles in the housing sector and credit  markets take their toll, according to a survey of economists  released on Monday.
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SALINAS, Calif. -- A new study that shows most low-income earners can&#39;t afford to rent an apartment. Those who live in Santa Cruz County may soon be squeezed out of the rental market.
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LOS ANGELES -- Homebuilder KB Home swung to a loss in the third quarter and warned Thursday that the beleaguered housing market is likely to worsen next year.
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The double whammy of a worsening housing slump and a credit crunch is punching the economy in its gut. That's likely to mean a period of slower activity in the months ahead.
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Ongoing weakness in the housing market will push the national economy to the brink of recession, but growth in other areas should put the country back on a slow road to recovery by 2009, according to an economic forecast released Wednesday.
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The serious slump in the housing market and home building may be near a bottom, according to a leading U.S. home builder.
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Home sales in Southern California sank to their lowest in nearly two decades in December as buyers were sidelined or dropped out of the market because they could not obtain mortgages, according to a report released on Tuesday.
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The US housing downturn may damage investment funds linked to sub-prime lending, experts say.
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Washington's real estate industry, already pinched by a slowdown in residential construction, is bracing for further retrenchment after last week's meltdown in the mortgage market.
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Bee Staff Writer. A continued housing shortage will push California&#39;s median home resale price up by a double-digit percentage again next year even as interest rates rise and sales slow, the
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There is a one in 10 chance of a 1990s-style housing market crash, the Royal Institution of Chartered Surveyors says.
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As the mortgage crisis threatens to tip the economy into a recession, many are asking: where was Washington?
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For some prospective home buyers in Southern California, the effect of the U.S. mortgage crisis has been to keep them on the sidelines of the home market, wary of stepping in for fear prices will fall further.
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Business & money: Â· US economy cools with housing market problemsÂ· Bank rates expected to go in opposite directions