Despite the enormous destruction Hurricane Sandy caused to the Jersey Shore, realtors who specialize in the region say business has been steady. Plenty of home buyers and investors appear eager to jump into the market. Damaged homes and lots have been selling for discounted rates, while prices are inching up on houses that survived since there are simply fewer properties available.
Originally published on Mon March 25, 2013 7:34 am
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And police in Britain are piecing together the final days in the life of a Russian oligarch named Boris Berezovsky. They hope this may shed light on his sudden death this last weekend. Berezovsky used to be one of the wealthiest and most powerful men in Russia. Then he fell out with the Kremlin and sought asylum in Britain. NPR's Philip Reeves reports.
Both housing and the stock market have been on the upswing in recent months. But a full recovery in the housing market would be more significant to the overall economy. That's because more Americans have something at stake in home values than in stock prices.
The U.S. Supreme Court hears arguments Monday in a case worth billions of dollars to pharmaceutical companies and American consumers. The issue is whether brand-name drug manufacturers may pay generic drug manufacturers to keep generics off the market. These payments — a form of settlement in patent litigation — began to blossom about a decade ago when the courts, for the first time, appeared to bless them.