Existing home sales to Rise United States, fail to recover lost ground

April 20, 2011, 12: 56 pm EDT by Timothy r. Homan

April 20 (Bloomberg)--sales of the United States previously belonged homes rose in March as a supply of properties in or near foreclosure mounting attracted investors.

Purchases have increased by 3.7% to an annual rate of $ 5.1 million, exceeding the median forecast of economists surveyed by Bloomberg News 5 million, figures from the National Association of Realtors showed today in Washington. All-cash deals accounted for 35% of transactions, the most on record, the group said.Unemployment, the collapse of the values of property and stricter lending rules may push the number of households losing their homes at a record level this year, a sign the market will take time to recover. Even with last month's gains, housing can remain a small component in the economic recovery which began in June 2009. "" We continue to water along the bottom, just tread ", said John Herrmann, a senior strategist for fixed income at State Street Global markets LLC in Boston. "The housing market is quite depressed." We believe that real estate will fall further. "Stocks climbed that companies Intel Corp. at Yahoo! Inc. sales exceeded estimates and the producers of acquired products. The Standard & Poor 500 Index increased by 1.3% to 1,329.69 at 12: 37 in New York.Estimates for March existing sales ranged from 4.59 to 5.4 million, according to the median of 74 forecasts in the Bloomberg survey.Pay CashThe for all cash transactions share is highest since monthly monitoring in August 2008, Lawrence Yun, Chief Economist at the association of Realtors, said at a press conference today in Washington. Annual figures before 2008 showed to approximately 10 per cent share, said seized property Yun.Les, which include foreclosures and short sales, accounted for 40% of all transactions last month, according to Yun. Purchases by investors climbed to 22% of transactions last month from 19% in February. "This is part of the cleaning process needs to occur,"Yun said, referring to sales in distress." "Home sales are strongest in the very low price range" of less than $100,000, he said, reflecting the increase in demand by investors pay cash.Sales increased in three of the four regions of the United States in March, led by a gain of 8.2% in the South. The West dropped by 0.8%.The average sale price fell 5.9% in March 2010 to $due last month as lower priced properties became a greater share of the market. Sales of homes at a price of $100,000 or less increased by 9.6% in March 2010, compared with a decrease of 6.3% for the market as a whole, the report shows.More SupplyThe number of houses formerly owned for sale climbed to 3.55 million. At the present rate of sale should be 8.4 months to sell these homes compared with 8.5 end of the previous month. Supply in the eight months to nine months beach is compatible with price stability, the group said.Officials of the Federal Reserve, in a statement following their meeting on monetary policy on 15 March, said then that the "economic recovery is on a more equal footing," real estate residential is always "pressed". The Committee of the Central Bank is expected to respond to the next, 26-27 April Washington.Home price has dropped in the 12 months to January by the most in more than a year, the index S & P/Case-Shiller of the values of the House. In 20 cities, prices declined by 3.1%, the largest decline since December 2009, the group said the underlying values of affairs for March 29 ForeclosuresSome are less than the mortgages on the properties. CoreLogic Inc. last month found that approximately 1.8 million households was delinquent or in foreclosure, a set of "shadow inventory" supposedly to add to the 3.5 million existing homes already on the market.Houses cheaper and goods seized are pessimistic constructors. Global builders are not optimistic. Tomb of the National Association of Home Builders confidence ' to 16 this month, according to the tonnage of the Group has published this week. A reading below 50 means a majority of manufacturers view as poor conditions."Home KB, builders based in Los Angeles that targets buyers from the first time, this month reported a loss greater than expected for the quarter ended February 28 as orders plunged".We do not provide a net benefit for 2011, "Director General Jeffrey Mezger said during a conference call with analysts on 5 April." "The economy continues to improve." Despite this, the recovery has yet to include the significant growth of employment and overflowed housing. ?

-Editors: Carlos Torres, James Tyson

To contact the reporter on this story: Timothy r. Homan in Washington to thoman1@bloomberg.net

To contact the editor responsible for this story: Christopher Wellisz to the cwellisz@bloomberg.net

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Diplomats speak as rebels lose ground in Libya - CNN International

A Libyan uninterrupted holds a portrait of Muammar al-Gaddafi in Misrata Friday. UA members are due to talks over the weekend.New: Pro-Gaddafi forces attack the African AjdabiyaAn Union City Committee plans to meet with the leaders of the opposition of Benghazi this legislature of U.S. weekendFormer Weldon leaves Libya with a letter, but no meeting with the GadhafiOpposition forces are regularly pushed back by troops of the Gadhafi

Tripoli, Libya (CNN) - African leaders were meeting Saturday to try to end impasse of the Libya, bloody as advanced forces loyal to Muammar al-Gaddafi attack Ajdabiya, the city of the East where the opposition had reveled in victoryThere are just two weeks.

Special Committee of the African Union on the Libya - represented by Mauritania, Republic of the Congo, Mali, Uganda and South Africa - was held in Mauritania and will travel to the bastion Libyan rebels of Benghazi Sunday and Monday to meet with the leaders of the oppositionthe South African Government.

The South African Government has also said that NATO has granted the approval of the Committee meet with embattled leader Muammar al-Gaddafi in the Libyan capital, Tripoli.

Gaddafi has been a great supporter of the African Union and has channeled large sums of money his way. Libya also holds a seat on the peace and the 15-Member Security Council. As such, the leaders of the opposition in Benghazi have not expressed optimism on the success of the mediation.

The Organization of the United Nations has said that Secretary General Ban Ki - moon will travel to Cairo, Egypt, Thursday next headed meetings on the Libya at the headquarters of the Arab League. Among the participants will Catherine Ashton, the representative for Foreign Affairs and security of the European Union.

The Libya State television, broadcast at the same time, images of a fist-pumping Gaddafi, visiting what appeared to be a primary school in Tripoli. The anchor said the school was the target of international air attacks and would be attacked.

Former legislator to U.S. Curt Weldon visited the Libya this week hoping to speak directly with Gaddafi but left without a meeting. He managed to obtain a letter of strong man to the US Secretary of State Hillary Clinton.

"I am disappointed that I did not have to sit down face to face with Colonel Gadhafi, as promised, but I can have to do something even more important - a path to a resolution of this conflict," Weldon said in a statement to his departure.

Weldon visited the Libya in 2004 when he was a Republican member of the Pennsylvania and said that he was invited at this time by Gaddafi.

In the attempts of the diplomacy, Libya war raged on the ground.

In the back-and-forth battle for Ajdabiya, Gaddafi forces attack with an artillery barrage at the West gates of the city, forcing the rebels to retreat.

Street fighting erupted as the Loyalists, aided by sympathizers, entered the city and opposition fighters seem to have all but lost to hard-won territory.

At the height of their March towards Tripoli, rebel within 40 km (25 miles) from Sirte - hometown of Gadhafi in the West of the Libya. But the loyalist forces have constantly pushed back the rebels and are now ready to get off the highway at Benghazi, capital of the opposition.

The road to litter Burnt carcasses of Libyan army tanks by planes of the coalition, three weeks ago. But it is more difficult to distinguish between the troops of pro-Gaddafi. They changed of tactical and likely to move in civilian vehicles.

Men holding a defence light in Ajdabiya said that they were a formidable enemy.

"Gaddafi troops have good weapons and have training and have leadership and experience, a Hunter of rebels a.Ben Wedeman, Reza Sayah and Nic Robertson CNN has contributed to this report."

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Research of ground above autistic boy of Laval

Police of Laval, QC, called off the coast of field research Wednesday for a three year autistic boy who disappeared for three days.

Police said they have now changed their efforts for a recovery mission.

Investigators believe that adam Benhamma fell in the river of the thousand islands, which extends from a few meters behind the House of a friend of the family in a wooded of the Montréal city area.

Adam Benhamma has disappeared to a neighbourhood of Laval, QC, Sunday afternoon. Laval policeAfter intensive research, three days involving sniffer dogs, helicopters, all-terrain vehicles and research teams on the ground and in the water, police reduced the effort as the hope of finding alive Adam faded.

Divers equipped with equipment sonar returned the region Wednesday to try to retrieve the body of the boy from the River.

If divers come up empty-handed, the recovery operation could also be closed at the end of the day, said police constable Laval Nathalie Lorrain.

"In my experience, after two or three days, that the operations are generally called off,"Lorrain said."".

Divers returned to the river of the thousand islands Wednesday hoping to recover the body of Adam. Melissa Kent/CBCAdam, who cannot hear or speak, was the last given Sunday afternoon on street Pointe - aux-Ormes in the neighbourhood of Auteuil Laval, where he and his family were visiting friends.

He was playing with her old sister seven years under the supervision of their father, police said. But when the father went inside for a few minutes, his daughter rushed to say that adam had disappeared.

He was wearing a tuque black and purple and black jacket and jeans.

Martine Dufour of Terrebonne in the vicinity, Que., was entered in Laval every day to help search for the missing boy. Melissa Kent/CBCWhile police are ending their field research, volunteers have decided, that it is not time to give up.

Martine Dufour, who lives in Terrebonne, Que., planned to walk along the shoreline on Wednesday for clues, such as a piece of clothing of Adam.

Dufour was entered on the site every day since the beginning of the research.

"We must find the boy, even though he is not alive, so that parents can [cry],"Dufour said. ".

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