WASHINGTON — For mortgage applicants and home purchasers, it's been a six-year wait, but the Federal Trade Commission and the Federal Reserve finally have come out with important consumer credit-protection rules first required by Congress in 2003.
After a dour year where housing prices fell more than 12% nationwide, will 2010 bring sunnier tidings?
The short answer: only a tad in a select few places but overall not really.
The five areas that Moody's foresees home prices performing best in 2010 are: Tacoma, Wash., (an increase of 2.44%); Memphis, Tenn., (up 0.99%); Pittsburgh (up 0.89%); Charleston, S.C. (up 0.18%); and Seattle (decline of 0.50%).
By MARC STILES DAILY JOURNAL OF COMMERCE Journal Staff Reporter
The Seattle Department of Planning and Development is reconsidering earlier plans to increase density in South Lake Union, releasing some alternatives for further study that would allow more density but not as much as initially proposed.
By MARTIN CRUTSINGER AND DANIEL WAGNER AP BUSINESS WRITERS
WASHINGTON -- A fitful economic recovery is drawing strength from a stabilizing job market and signs that manufacturing will contribute to the rebound. The evidence signals a better-than-expected end to the year, though doubts remain about growth in 2010.