: News
Most analysts say the country's economic recovery will be slow and likely painful -- but a report on the local real estate market holds a bit of good news.
The report from Metropolitan Regional Information Systems -- shows that home sales in July continued the upward trend the area has seen in recent months, and are up 12 percent compared to July of last year.
Home prices across the region are still down 8 percent compared to this time last year. But John Mcclain, a senior fellow at the Center for Regional Analysis and George Mason University -- says that number is a sign the free fall in prices is coming to an end. They were down 26 compared to last year percent as recently as February.
Leading the area is Prince George's County, which saw a 76% increase in number of homes sold compared to July of Last year. At the bottom is Prince William County, Virginia. The number there is down 25%.
Jonathan Wilson reports...
China Builds Museums ... But Will The Visitors Come?
China is on a spree to build world-class museums and has opened about 100 of them annually in recent years. Two of the biggest opened on the same day last fall on opposite banks of Shanghai's Huangpu River. But filling these museums — with both art and visitors — is proving more challenging.Nutrition Group Says Chocolate Milk Is OK, No Need For Aspartame
The nation's largest group of nutritionists is urging the FDA to reject the dairy industry's petition to change the definition of milk. The petition aims to allow aspartame or other alternatives to be used to sweeten milk in an effort to boost consumption in schools.IRS Official In Charge Of Nonprofits Declines To Testify
Lois Lerner, who heads the IRS division dealing with nonprofits seeking tax-exempt status, will not testify on Wednesday despite a congressional subpoena, her attorney says. She is accused of closely scrutinizing conservative groups that sought tax-exempt status.Microsoft Reveals New Xbox One Game System
Microsoft unveiled its new Xbox One Tuesday, displaying a device that takes new steps in game consoles' journey into becoming all-purpose entertainment and communication devices. The new console replaces the Xbox 360, which has been on the market for more than seven years.Leave a Comment
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