November home sales climb to three year high
Washington AP reports November resales reached the strongest level in almost three years amid federal aid for buyers. First time buyers fueled a 44 percent surge year over year, with a median price of 172600 and inventory at 3.5 million.
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Obama to meet bankers on economy and reform at White House
President Obama will meet with representatives of about a dozen small and community banks to press for higher lending to small businesses and passage of financial reform. The discussion follows a prior session with larger banks and aims to unlock credit, bolster recovery, and address housing foreclosures while lawmakers craft new regulation. Attendees include Deborah Chequeta Wright of Carver Federal Savings Bank, Mark Schroeder of German American Bancorp, and James McPhee of Kalamazoo County State Bank.
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Jasper
Ind
James McPhee
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