Articles About Wells Fargo Securities

Author:
James I. Clark III
Posted:
09.14.2011

S&P Downgrade Costs Investors $1 Trillion

Shareholders in American companies can blame Standard & Poor’s  for taking $1 trillion of their money after the rating firm downgraded Treasury securities for the first time in American history to AA+ from AAA.  Now, some of the most experienced investors say the stock market losses make no sense.  While the benchmark index for U.S. […]

Read More ›
Author:
Mike Ochs
Posted:
08.24.2011

Contract Cancellations Sour Home Sales

A new phenomenon has emerged that is depressing the sales of existing homes. Contract cancellations are surging, dashing hopes that the distressed housing market is showing signs of improvement.  According to the National Association of Realtors (NAR), sales fell 0.8 percent in June compared with May to an annual rate of just 4.77 million units, […]

Read More ›
Author:
Mike Ochs
Posted:
02.08.2011

Santa Delivered Coal to New Homebuilders

New-home construction fell 4.3 percent in December compared with November to its lowest level in more than a year to a seasonally adjusted rate of 529,000 starts for 2010.  December saw the lowest level of new home starts since October of 2009, according to Department of Commerce statistics.  Starts ended the year 8.2 percent below […]

Read More ›
Author:
Mike Ochs
Posted:
01.04.2011

November Existing House Sales Numbers Disappoint

Existing home sales in November rose at a slower pace than anticipated, spurred in part because of the end of a government tax credit aimed at encouraging first-time homeowners to buy.  According to the National Association of Realtors (NAR), sales rose 5.6 percent over October to an annual rate of 4.68 million.  Economists had predicted […]

Read More ›

Categories

Archives