Last Call for Clunkers

The Cash for Clunker clock is running out. The government incentive program officially expires on Monday, August 24, at 8 p.m., so this is the last weekend you can score up to $4,500 for turning in your old gas guzzler in exchange for a more fuel-efficient model.

The good and bad news of existing-home sales

The National Association of Realtors (NAR) released its monthly tally of home sales this morning. The headline figure was pretty cheery. The number of existing homes sold in July increased 7.2% from June. Sales in July were also up 5% when compared to July 2008—the first year-over-year gain we’ve seen since November 2005. (The data …

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