Economists say the tumbling consumer prices offer more evidence that companies ranging from boutiques to airlines to car dealerships were beginning to offer deep discounts to compete for a shrinking pool of disposable cash. The Consumer Price Index, a key measure of how much Americans spend on groceries, clothing, entertainment and other goods and services, fell by 1 percent in October compared to September, the Labor Department reported Wednesday morning.
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Financial officials faced new calls on Tuesday from House lawmakers to aim more of the government's financial relief package at programs that would directly help homeowners avoid foreclosure, as the lame-duck Congress began considering how to most effectively stem the credit crisis facing financial institutions, the auto industry and the economy as a whole.
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A press release issued on Wed., Nov. 12, by ForSaleByOwner.com contained inaccuracies and misleading statements about its ability to place unlisted for-sale-by-owner information on REALTOR®.com, the official Web site of the National Association of REALTORS® operated by Move Inc. NAR and REALTOR®.com are setting the record straight with the following clarifications:
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NAR needs ALL members to support their efforts to have the NAR Four-Point Housing Stimulus Plan included in any future stimulus bill by contacting Congress today! Congress may soon consider a new economic stimulus bill. Housing has always lifted our economy out of past economic downturns so it is imperative that Congress focus on housing in the next stimulus package.
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