Shiller price index

Companies competing with future owners

LOS ANGELES (AP) – Soaring house prices and rents are fueling the appetite of real estate companies for homes, adding unwanted competition for many potential buyers. Residential real estate purchased by businesses or institutions reached an all-time high of 67,943 properties in the second quarter, according to Redfin, a Seattle-based …

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Too high for too long? – The Fed could rethink

Outlook: Today, the calendar includes the prices of imports and exports, the Empire manufacturing index and industrial production. Canada reports the August CPI. Oil could be a priority as gas prices have skyrocketed in Europe and US inventories are now expected to show a decline. Italy has gone so far …

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