April 2, 2010  
 

 

Unemployment Keeps Recovery at Bay
The U.S. labor market doesn’t seem to be turning around, which could hold back progress in residential and commercial real estate.
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30-Year Rate Back Above 5 Percent
The average rate for conventional mortgages rose up this week to its highest level since the start of the year.
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Construction Spending Remains Low
U.S. builders’ spending on new-home construction has sunk to the lowest level in eight years, according to the U.S. Commerce Department.
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Municipalities Can’t Spend Housing Grants
Billions of dollars in funding disbursed by the federal government haven’t been spent by local governments due to complexity and the speed of the market.
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Sales of Condos and Co-ops in Manhattan Rise
Spurred by falling prices and renewed hiring in the financial services sector, property sales are rising in the heart of the Big Apple.
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IRS Gives East Coast Residents a Break
Taxpayers who were affected by major flooding in the Northeast will have an extra month to file their taxes, the IRS announced.
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