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The Conference Board Consumer Confidence Index Edges Up

The Conference Board Consumer Confidence Index, which had declined in October, increased slightly in November. The Index now stands at 49.5 (1985=100), up from 48.7 in October. The Present Situation Index was virtually unchanged at 21.0 versus 21.1 last month. The Expectations Index increased to 68.5 from 67.0 in October. The Consumer Confidence Survey is Read More

Deeds-in-lieu Gain Favor With Lenders As Alternative To Foreclosure

Short sales have been the hot solution for financially stressed homeowners and their lenders for the last year, but here’s another potent foreclosure alternative that’s about to take center stage: deeds-in-lieu. Some of the largest mortgage servicers and lenders in the country are gearing up campaigns to reach out to borrowers who owe more on Read More

Home Buyers Jump In As Prices Plunge In Pasadena

PASADENA – Two years ago, owning a three-bedroom craftsman home in Pasadena was a dream Arturo and Olga Avon could never hope to attain. Today, with the median home price lower than it has been for at least five years, the Pasadena couple – and many others like them – got a rare crack at Read More

Economists Say Recession To End In Third Quarter

WEST COVINA – More than 90 percent of economists predict the recession will end this year, according to a closely watched assessment of the economy released Wednesday. But the way back to economic health won’t be easy, economists, businesses owners and the unemployed said. About 74 percent of forecasters from the National Association for Business Read More

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