Target Stores Feel Housing Pain

Among the losers in the housing downturn are Target discount department stores. Target sells twice as much home-related goods as Wal-Mart and its sales, as well as its stock price, have been feeling the pinch. Since the housing bubble burst in 2007, sales of home-goods at Target declined more than 20 percent. “The fact that […]

by Nia Knowles
February 28, 2009
In Times Like These

Home Prices Fall to 2005 Levels

U.S. home prices fell 5.5 percent in July compared with the same month a year ago and are about equal to where they were in Oct. 2005, according to the Federal Housing Finance Agency. Prices were down 0.6 percent from June on a seasonally adjusted basis, according to the agency. James Lockhart, director of the […]

by Nia Knowles
September 24, 2008
Interesting