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New-Home Sales Grow, Spur Wall St.

But new figures don't fully reflect credit market's impact, analysts say

By Wesley Oliver, Newser Staff

Posted Aug 24, 2007 11:21 AM CDT

(Newser) – New-home sales grew 2.8% last month, delivering an unexpected bit of good news to investors still reeling from the credit crunch. But the housing market, which had been rebounding in recent months from a slump, will likely show renewed weakness after he mortgage crisis... Read full story »

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New-Home Sales Grow, Spur Wall St.

But new figures don't fully reflect credit market's impact, analysts say

Ben Bernanke • Wall Street • real estate • Federal Reserve • home sales • credit market • interest rate • Countrywide • Toll Brothers • Department of Commerce • housing crisis

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Economic woes may be beyond cure by monetary medicine

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Minutes from last meeting display growing concern about markets

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Setbacks likely, says Bernanke, who offers no hints on interest rate status

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