Kirberts finance advice and news

NEW YORK - Crocs Inc , known for its colorful, plastic shoes, has said on Thursday that it does not sell its shoes at Costco Wholesale Corp stores and has no plans to do so.

NEW YORK - The United States central bank may need to keep interest rates low for a few time if extreme stresses in financial markets persist, threatening the economy, New York Federal Reserve President Timothy Geithner has said.

NEW YORK - The United States central bank may need to keep interest rates low for a few time if extreme stresses in financial markets persist, threatening the economy, New York Federal Reserve President Timothy Geithner has said.

The Federal Reserve on Thursday announced that, in 2007, American
ownership in their homes as measured by equity fell below 50 percent for
the first time since records were first kept in 1945.

During the 2nd quarter of 2007 the central bank reported that
homeowners’ equity slipped to a…

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The chief economists of the National Association of Realtors®
(NAR) on Thursday predicted that sales of
existing homes will probably remain flat through late spring and
then begin a gradual recovery during the second half of 2008.

Lawrence Yun made the forecast based on the release
of NAR’s Pending Home Sales Index (PHSI) for January.**VIDEO(1283)**

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WASHINGTON - The net wealth of United States households fell for the first time in five years during the fourth quarter last year as the value of real estate holdings and stocks weakened, the Federal Reserve has said on Thursday.

NEW YORK - The United States central bank may need to keep interest rates low for a few time if extreme stresses in financial markets persist, threatening the economy, New York Federal Reserve President Timothy Geithner has said.

WASHINGTON - United States home foreclosures hit a record late last year amid a shakedown in the subprime mortgage market that is taking its toll on the broader economy and forcing many of the nation’s unemployed to remain on jobless benefits, data on Thursday showed.