Cooler heads are prevailing at BusinessWeek today, who is saying that a potential merger between Countrywide and BofA is highly unlikely.
Countrywide, BofA merger talks overblown
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Prices for luxury homes soared in the first quarter
Luxury home prices in the U.S. surged by 8.7% year over year in the first quarter of 2024, with the median price hitting a record $1,225,000.