Nationwide, only 87 markets are in the overvalued category, according to a newly released 2010 report compiled by IHS Global Insight and PNC Financial Services.That means 242 of the 299 largest U.S. housing markets are selling for prices that even bankers think are less than fair market value. The judgment is based on a comparison [...]
Posts on ‘February 2nd, 2010’
Machu Picchu shut down due to hazardous weather, town evacuated
Traveling to Machu Picchu was a wonderous experience I’ll never forget. I’m pretty glad I didn’t try to visit there this year: Yahoo News: Peru evacuates last tourists from Machu Picchu MACHU PICCHU PUEBLO, Peru – Helicopters ferried out the last tourists stranded near Machu Picchu on Friday, leaving the country to contemplate a prolonged shutdown of its [...]
Consumer Confidence Index rises in January
The Consumer Confidence Index rose in January to 55.9 (1985=100) compared with 53.6 in December, the Conference Board reported yesterday. The Present Situation Index increased to 25 in January from 20.2 in December, and the Expectations Index increased to 76.5 from 75.9 last month, according to the report. “Consumer Confidence rose for the third consecutive [...]
