Snow says U.S. economy on clear expansion track - 2006-02-27
U.S. economic growth was robust and benefiting from tame core inflation, Treasury Secretary John Snow declared on Monday as he reiterated long-standing arguments for tax cuts to be made permanent. Market participants are concerned that high energy prices might prompt the Federal Reserve to hike interest rates more than currently expected.
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Los Angeles-Area Housing Still Nation's Least Affordable - 2006-02-27
The Los Angeles metropolitan area is still the nation's least affordable housing market for the sixth consecutive quarter in the final three months of last year, a trade association revealed. In the Los Angeles/Glendale/Long Beach area, only 2.3 percent of the homes sold in the 2005 fourth quarter were affordable to families earning the median income of $54,500.
Read the full story at RisMedia.com