Distressed Sales Rise in California as Lenders Push Through REO Inventories and Short Sales

According to the California Association of Realtors (CAR), the California Pending Home Sales Index dropped as expected between November and December, tracking the annual seasonal slowdown. However, the index was higher than a year ago for the eighth straight month, a trend that bodes
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Sarkozy and Merkel push euro integration (Reuters)

Reuters – The leaders of France and Germany unveiled wide-reaching plans Tuesday for closer euro zone integration, including deficit limits and biannual summits, but said joint euro bonds could only be a longer-term option. Yahoo! News: Business News
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