Storm may be brewing but for more i am joined by housing expert in housing economist with core logic. This is the great panel to talk to. I want to go over the revised numbers to stay home sales are in a decline by 4 percent with 5. 2 million. So to get started is the recovery faltering . But were now looking at another crash. We were not predicting a huge increase of home sales this year and a lack of availability with tight credit have slowed the buying patterns down a little bit. Gerri so the king and expectations that would be underwritten debt is down eight. 7 . So the worse news for the Housing Market as you like these numbers just how serious is this and what is causing the issue . It is not that serious were still moving up and looking at five now it is an improvement. Were not back to the 8 million and we should not but the real reason and buyers are the first homeowners people are now listing their home for sale it is a disincentive to sell as a big source of demand. Gerri a
Storm may be brewing but for more i am joined by housing expert in housing economist with core logic. This is the great panel to talk to. I want to go over the revised numbers to stay home sales are in a decline by 4 percent with 5. 2 million. So to get started is the recovery faltering . But were now looking at another crash. We were not predicting a huge increase of home sales this year and a lack of availability with tight credit have slowed the buying patterns down a little bit. Gerri so the king and expectations that would be underwritten debt is down eight. 7 . So the worse news for the Housing Market as you like these numbers just how serious is this and what is causing the issue . It is not that serious were still moving up and looking at five now it is an improvement. Were not back to the 8 million and we should not but the real reason and buyers are the first homeowners people are now listing their home for sale to begin with. It is a disincentive to sell as a big source of d
Storm may be brewing but for more i am joined by housing expert in housing economist with core logic. This is the great panel to talk to. I want to go over the revised numbers to stay home sales are in a decline by 4 percent with 5. 2 million. So to get started is the recovery faltering . But were now looking at another crash. We were not predicting a huge increase of home sales this year and a lack of availability with tight credit have slowed the buying patterns down a little bit. Gerri so the king and expectations that would be underwritten debt is down eight. 7 . So the worse news for the Housing Market as you like these numbers just how serious is this and what is causing the issue . It is not that serious were still moving up and looking at five now it is an improvement. Were not back to the 8 million and we should not but the real reason and buyers are the first homeowners people are now listing their home for sale to begin with. It is a disincentive to sell as a big source of d
Good afternoon. Sarah bloomquist is off. In the news this noon, new details on the potential anthrax exposure at what should be one of the most security facilities in the world. How workers could have been exposed. No, this is not a gymnast or hollywood stuntman, just one very lucky biker. Details on the video coming up. The big story on action news at noon a terrible accident having the Atlantic City expressway shutdown for hours this morning. Police stay a pick up truck was heading west when it flipped over between route 50 and the Farley Service plaza. Five of the six were thrown from the vehicle including three riding in the bed of the truck. One of the passengers tossed from the cab did not survive. The rest of the injured rushed to cooper hospital in camden and thats where we find action News Reporter Katherine Scott with the very latest. Katherine . Rick, police say it was just moments before word of the crash came in that they received a report that there was a white pick up Tr
A 6 day winning streak its longest in 7 months. The nasdaq was especially strong, rising nearly 1 percent. Commodities were red. Oil fell more than 2 dollars a barrel and gold futures notching a 3rd straight day of losses. Netflix flexed its market muscle. Its shares took off after reporting earnings. Its numbers easily beat the street in expectations. The company is signing up subscribers and its announcement that fees would modestly rise for new customers was welcomed by investors. Owners of Harley Davidson shares were feeding at the trough of profits. Ticker symbol hog, its shares popped a wheelie after a strong Earnings Report First Quarter earnings were up almost 19 percent on strong sales. Where are most of its buyers . Asia, especially china where owning an american harley is a distinctive mark of status. Our trader today is todd horwitz, with avg. Joe options. Todd, let me ask you about mcdonalds didnt hit its numbers, market didnt seem to care, whats going on . Good morning bi