Housing market cools

Article Abstract:

Home sales statistics for Apr 2000 and since from the begining of the year indicate that the residential real estate market, which enjoyed a record sales year in 1999, has started to cool off. About 4.9 million homes were sold in Apr 2000 compared to the 5.3 million in April last year. The sales decline has been attributed by economists to higher mortgage interest and shortage in the supply of homes, but industry experts have more nuanced reasons.

Market information - general, 1-Family Housing, Single Family Housing Construction

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Initial public offering dazzles

Article Abstract:

TheStreet.com's shares zoomed 216% during its first day of trading, closing at $60 on May 11, 1999. The online investment adviser's initial public offering was priced at $19. The heavy demand for TheStreet.com's shares reflected the investing community's seemingly insatiable demand for anything related to the Internet and the World Wide Web. TheStreet.com, which has yet to turn in a profit, lost $16.4 million in 1998.

Organizational history, Investment Advice, Securities Investment Advice, TheStreet.com

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Shoppers appear to have checked out

Article Abstract:

Major US retailers are very concerned that consumer spending is slowing down considerably and could last up to the crucial holiday shopping season. Retailers are blaming unseasonably cold and rainy weather and economic uncertainties for the slowdown. Industry analysts say that the economy is still strong but there are definite indicators that the economy is slowing and that spending is indeed declining.

Sales & consumption, Retail Stores

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