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Aiken Standard in Aiken, South Carolina

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Newspaper

Aiken Standard

Location

Aiken, South Carolina, United States of America

Date

Jul 02, 2010

Page

13

What is a double dip recession and why it matters

Economists debate a double dip defined as a recession followed by a brief rebound then a renewed contraction. The NBER tracks start and end dates, with no fixed formula, while analysts note past examples and ongoing risks to growth amid unemployment and global headwinds.

Washington, D.C Europe China U.S Robert Hall National Bureau of Economic Research Hall NBER Stanford University United States Sung Won Sohn California State University Channel Islands Sohn Brian Bethune THS Global Insight Hall’s Bethune Cambridge Mass George W. Bush

Tax credit extension eases late homebuyers burden

Congress moved to extend the tax credit deadline to September 30 for buyers with signed contracts. The measure, awaiting Obama’s signature, lets about 180,000 buyers qualify for up to 8000 dollars in credits, easing mortgage and closing delays caused by the rush to close.

New York Congress Barack Obama House Senate Obama Ers Ron Phipps Phipps Realty Warwick R.C Sion National Association of Realtors Phipps

Pending Home Sales Drop Widely Without Tax Credits

May pending home sales fell 30 percent from April per the National Association of Realtors. The seasonally adjusted index slid to 77.6, the lowest since 2001, with declines across the South, Midwest, Northeast, and West as tax incentives loom.

New York National Association of Realtors South Midwest Northeast West

Also Mentioned on This Page

J.W. Elphinstone Associated Press Robertisaundersi Rooting Sheet Metal Inc DreamMaker Bath & Kitchen Cinet Allstate Tom Young Allstate.com Slver SS Loup Richland Ave Aiken, S.C
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