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...The Main Street banks of America should really be having a great time of it: business and consumer confidence is high, homes are affordable — outside the big coastal cities, at least — and the labour market...
...About 9.7m American homeowners have a mortgage that is in negative equity – or owe more than the home’s value – as of the first quarter this year, according to Zillow, an online real estate database....
...But some, like Robert Dietz, economist at the National Association of Home Builders, dismiss the idea that America is turning into a society of renters....
...The talent show judge with the razor-sharp put downs, V-neck sweaters and high-waisted trousers capped weeks of wall-to-wall newspaper coverage of his ITV show The X Factor by taking on the UK Border Agency...
...The median price of existing homes fell by 11.3 per cent in October to $183,300 (€142,100, £121,200) compared with a year before, the National Association of Realtors reported yesterday – the largest annual...
...Second-quarter earnings season kicked into high gear last week and the news has been mixed....
...Millions of Americans are still seeing only modest price weakness in their area, at least so far....
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