Posts Tagged Prices

Correction: Housing-Clinging to Low Rates story

WASHINGTON (AP) — In a story July 11 about people who are hesitant to sell their homes and give up their ultra-low mortgage rates, The Associated Press reported erroneously that a rental index compiled by real estate data provider Zillow had risen 19 percent in the past year. In fact, Zillow’s index measures how much of a typical renter’s income goes toward rent; the index is 19 percent above its historical average.

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US economy, though sluggish, may now be sturdier

In this Tuesday, July 8, 2014 photo, Mark Ahlemann, center, passes out papers to participants during a during a breakfast networking session hosted by Gray Hair Management at a restaurant in Elk Grove Village, Ill. By continuing to draw a paycheck, older workers pay taxes and that ought to reduce the budgetary pressures on younger generations, Gary Burtless, a senior economics fellow at the Brookings Institution, concluded in a 2013 paper. But in a sluggish recovery where job gains have not kept pace with population growth, the persistence of older workers has actually hurt younger generations  (AP Photo/Matt Marton)

WASHINGTON (AP) — Out of a seemingly hollow recovery from the Great Recession, a more durable if still slow-growing U.S. economy has emerged.

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