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Local Address: May 30, 2010 - June 5, 2010

Is bulldozer the best option for some boom-time housing?

Some of the misconceived housing developments built during the boom years might have to be torn down because they don't make financial sense, according to Fannie Mae's chief economist.

By Elizabeth Razzi  |  June 4, 2010; 12:15 PM ET  |  Permalink  |  Comments (4)
Categories:  Foreclosure , Neighborhoods , The economy , The market  
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The Weekend Poll: Which appliances could you do without?

Nobody is suggesting you start to churn your own butter. But are there any common household appliances that you really wouldn't miss if they were gone?

By Elizabeth Razzi  |  June 4, 2010; 6:00 AM ET  |  Permalink  |  Comments (2)
Categories:  Home features , Poll , Weekend Poll  
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Pending home sales are up. But will they close in time?

Buyers racing to sign home-purchase contracts in time to qualify for a federal tax credit pushed home sales up for the third month in a row. Pending home sales, based on contracts signed in April, are up 6 percent from March, the National Association of Realtors reports. But the Realtors are warning that some buyers may have trouble closing their deals by the June 30 deadline for qualifying for a tax credit of up to $8,000.

By Elizabeth Razzi  |  June 2, 2010; 10:00 AM ET  |  Permalink  |  Comments (0)
Categories:  Statistics , The economy , The market  
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