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That additional inventory is coming both from an increase in homebuilding and an influx of sellers, inspired to get into the market by higher prices, Kolko says. Unlike Haberle, However, he expresses doubts that mortgage rates caused the May slowdown in price growth; many of the sales reflected in the index, he says, were closed in March and April, before May's mortgage-rate spike.
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The company sold its polypropylene licensing and catalystbusiness to smaller rival W.R. Grace & Co for $500million this month as a part of its earlier plan to sellnon-core assets worth about $1.5 billion by 2014.
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To my mind, a child being turned away from their local state school because their parents are of a different religion or no religion, is wrong as a matter of principle. It is also harmful in terms of the effects it has on that child, along with his would-be peers who gained admittance.