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U.S. median wealth affected by housing prices

The average family wealth in the U.S. dropped 38 percent from 2007 to 2010 due to a decline in housing prices, according to a new Federal Reserve report.

U.S. housing permits up in May

U.S. housing starts dropped in May although permits to build new homes rose to the highest in well over three years.

China home prices down for 8th consecutive month

China's home prices dropped for the eighth consecutive month in May but the pace of decline slowed, triggering concerns over a short-term rebound in prices.