November 7, 2012
Boehner Extends Olive Branch on 'Fiscal Cliff' (Reuters, 11/07/12)
House Speaker John Boehner offered Wednesday to pursue a deal with a victorious President Barack Obama that will include higher taxes "under the right conditions" to help reduce the nation's staggering debt and put its finances in order."Mr. President, this is your moment," Boehner told reporters, speaking about the "fiscal cliff" that will hit in January. "We want you to lead."Boehner said House Republicans are asking Obama "to make good on a balanced approach" that would including spending cuts and address government social benefit programs."Let's find the common ground that has eluded us," Boehner said while congratulating the president on winning a second term.
Home Prices Up 7.6% From Year Ago (CONOR DOUGHERTY, 11/07/12, WSJ)
Posted by Orrin Judd at November 7, 2012 9:27 PMHome prices appreciated in a growing number of cities during the third quarter, the latest evidence that the real estate recovery is gaining momentum and breadth.The median price for an existing single-family home was $186,000 in the third quarter, up 7.6% from a year earlier and the largest year-over-year growth since 2006, according to a report Wednesday from the National Association of Realtors.
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