First-time buyers key to lifting home values and markets
May housing data show sales at 4.81 million, the weakest of the year, as foreclosures, tight lending, and scarce starter homes deter buyers. First-time purchases fell to 35 percent, investors bought 19 percent, and foreclosures remain a drag while prices lag. The Reuters report cites NAR data and expert views on outlook and affordability.
MENTIONED IN THIS ARTICLE
National Association of Realtors
Www
Realtor
Washington
Steven Wood
Insight Economics
Phoenix
Las Vegas
Tampa
Los Angeles
Greek PM survives confidence vote in parliament
Greek Prime Minister George Papandreou survived a confidence vote, winning 155 to 143 with two abstentions in the 300 member parliament. The outcome preserves his government and its austerity program, essential to secure the next 40.2 billion dollars in EU-IMF bailout funds and avert default. The vote followed a heated debate and party-line voting as he reshuffles his cabinet to quell dissent.
MENTIONED IN THIS ARTICLE
Athens
Greece
George Papandreou
Papandreou
Portugal
Ireland
Spain
Socialist Party
Papandreous
Evangelos Venizelos
European Union
Venizelos
Obama to announce 10000 troop drawdown from Afghanistan
President Obama is expected to announce a phased U.S. pullout of about 10,000 troops from Afghanistan, with 5,000 recalled this summer and 5,000 by winter or spring 2012, aiming to shift Afghan security responsibility by 2014 while narrowing the American combat role.
MENTIONED IN THIS ARTICLE
Washington
Barack Obama
Afghanistan
U.S
Obama
White House
David Petraeus
NATO
Defense
Robert Gates
Hillary Rodham Clinton
Jay Carney
al-Qaida
Also Mentioned on This Page
Org
THE
Associated Press
Reed Saxon
Kevin McCarver
East 7Th St
Odessa
Joe Albright
Medicaid & Chip Provider
Pia TQ
Nsrey Rae
Invisible
Odessa American
Odessa Country Club
City OF Odessa
West 4Th Street
Texas
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