Philadelphia Housing Snapshot Spotlights a Healthy Market

Philadelphia Housing Snapshot Spotlights a Healthy Market
Both prices and sales are increasing in the city but so is inventory. Condo construction is expected to more than double in 2006.

Fed Lifts Funds Rate to 4% In 12th Straight Increase
The Federal Reserve raised interest rates lifting the key federal-funds rate by a quarter percentage point to 4%, as evidence grows that the central bank intends to slow the economy down to prevent inflation from rising.

Is It Time to Remodel The Homeowner Tax Break?
One suggestion from President Bush's tax-reform advisory panel -- restricting the deduction for mortgage interest -- raises the question: How far should the U.S. government go in encouraging homeownership?