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...There are already signs of how fragile the rebound truly is. The latest month-over-month data show sales have slowed in recent months despite low mortgage rates and the home-buyer tax-credit program. New and existing home sales fell 2.2% and 0.6% respectively from January to February, and unsold inventory rose 9.5% during the same period. Some of February's sluggishness could be explained by cold, snowy weather that blasted the Eastern seaboard, but the precise impact of this is hard to know...

Author: /time Magazine | Title: Get Ready for a Painful 'Hockey Stick' Housing Recovery | 3/26/2010 | See Source »

...latest initiatives are aimed at slowing the steady stream of homes that are headed toward foreclosure. The number of households receiving foreclosure filings, which includes default notices, auction-sale letters and bank repossessions, was 2.8 million in 2009, up from 2.3 million in 2008, according to Rick Sharga, vice president of marketing for RealtyTrac. He expects filings to increase to 3 million this year...

Author: /time Magazine | Title: Obama's New Foreclosure Plan Gets Mixed Reviews | 3/26/2010 | See Source »

...Angelenos know. His wife Susie (daughter of Orson Bean, a mainstay of the old TV game show To Tell the Truth) is preparing supper for him and their four children. But the real reason for the rush is that O'Keefe is visiting their house tonight to screen his latest effort, an undercover video revealing purported shenanigans at the offices of the Department of Housing and Urban Development. Breitbart hopes to debut the footage on Big Government. He believes it will be another scoop - and another blow to the liberal establishment...

Author: /time Magazine | Title: Citizen Breitbart: The Web's New Right-Wing Impresario | 3/25/2010 | See Source »

...same time it drafts blueprints for them (just like the way you order work on your kitchen addition to begin when the architect is only halfway through her drawings). Carter has conceded that the overlap of design and manufacture on the F-35 is "unprecedented" and - even after Gates' latest changes - "worrying...

Author: /time Magazine | Title: The Costly F-35: The Saga of America's Next Fighter Jet | 3/25/2010 | See Source »

Vatican officials feel more and more convinced that there is a concerted campaign to damage the Catholic Church and its supreme leader. A senior official reacted with disgust after reading the latest article, saying, "It's obvious the New York Times has its mind made up. You have to ask why they didn't print a story earlier this month on the conviction of a Jewish rabbi in Brooklyn on eight counts of sex abuse." The official also referred to a libel case against Oprah Winfrey that involved sex-abuse allegations that was settled quietly on Wednesday. "But then...

Author: /time Magazine | Title: After U.S. Abuse Revelation, the Vatican Fires Back | 3/25/2010 | See Source »

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