Marketplace Index for Friday, January 20, 2012

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Even if Greece and the Institute of International Finance reach a deal this weekend over their government-issued debt, they aren't out of the woods yet. Ben May, a European economist at Capital Economics in London, says, "The real issue will be how many of Greece's creditors will participate in that deal." It could be a long weekend in Athens. And the Daily Pulse is up a beat or two on news that more home buyers are signing on the dotted line than were a year ago. The National Association of Realtors reported today that existing home sales in December increased 5 percent over November’s total.

Down to the wire in Athens

Greece has been furiously working to save maybe $126 billion on what it owes investors on its government bonds.
Posted In: Greece, Eurozone, Europe debt crisis

Existing home sales up for 2011

Slightly stronger pre-loved home sales made 2011 a better year for realtors, but a “shadow inventory” still lurks.
Posted In: housing market, interest rates, shadow inventory, Housing

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