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Realities of Real Estate: Fed’s artificial sweetening can only do so much

The numbers aren’t in yet, but word on the street is that home sales took a bit of a breather in August. As we wrote in a recent column, July and especially August is typically a slow time for real estate. People are hitting the beach, and the idea of house hunting is on the back burner. Agents also take a vacation from time to time, so they aren’t out there beating the bushes for buyers and sellers. In fact, the only period of the year that’s slower than August is the holiday time from Thanksgiving to New Year’s.

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Construction spending up 0.6 percent in July

WASHINGTON — Spending on U.S. construction projects rose in July, led by strong gains in housing and nonresidential projects. Construction spending increased 0.6 percent in July compared with June when activity was unchanged, the Commerce Department reported Tuesday. The June ...

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Obama to sign student loan deal

WASHINGTON — Students heading back to college this fall will save thousands in interest charges on their loans after they graduate once President Barack Obama signs into law a rare bipartisan compromise. The president was scheduled to sign the deal ...

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