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America's economy in 2012 is…
02 Feb 2012
by about 10 percent over the previous year, because of demand for new apartment buildings—young folks are eschewing home ownership for fear of further declines in home values and resale problems if necessary to change jobs. Also, many unsold existing ...
A Different Romney, A Different…
31 Jan 2012
Miami in 1896, the Sunshine State’s economy has been heavily dependent on real estate. While the bursting of the real estate bubble in 2008 hurt the whole country and trashed every 401(k), Florida went straight from boom to bust. Not only did depressed ...
Odd Is Fashion As US Economy Falters
22 Jan 2012
style of Minaj, Lady Gaga and even Katy Perry -- is eerily reminiscent of a trend that began unfolding in Japan after its real-estate bubble popped in 1991. Strong economic growth in the 1980s led to massive borrowing, high land values and a booming stock market ...
Obama Has Learned Nothing From…
02 Jan 2012
minorities, it was viewed as evidence of discrimination. The motive for encouraging risky loans was a noble one: to increase home ownership. It was meant to help people who couldn’t, under the previous standards, afford a home mortgage. But with hindsight ...
Owning More Affordable Than Renting
28 Nov 2011
a mortgage are lower than average rents in some cities, home ownership carries other costs—including taxes, insurance, homeowner
Las Vegas, Miami, St. Louis, Chicago and Phoenix. Home ownership is also looking more affordable because after several years
...
Home Ownership More Affordable in US
26 Nov 2011
t sell their homes. Also, while the monthly carrying costs on a mortgage are lower than average rents in some cities, home ownership carries other costs -- including taxes, insurance, homeowner association dues and maintenance -- which may dissuade ...
California Exits Foreclosure Talks
30 Sep 2011
that have been involved in the talks. "We will continue to work with all parties, including our customers to restore home ownership nationally and locally," Wells Fargo spokeswoman Vickee Adams said, adding that the bank has helped more than 700,000 ...
On the market: Is this the time to buy?
16 Sep 2011
When the real estate bubble burst, it was bad news for homeowners. But for those looking for a bargain, there are many to be found. Still, not everything is a sure bet. ...
Team Pays For Mavs NBA Title Parade
16 Jun 2011
expenses. That is especially true now, when locales across the US have seen property and sales taxes plummet because of the housing crash and the recession. Municipal sales-tax collections shrunk by five percent in 2010 and by 6.6 percent in 2009, according ...
Union Membership Dropped in 2010
21 Jan 2011
of the workforce over that period. The unions in the construction industry were the hardest-hit last year, as the housing market crash dried up new home construction. While by sheer number the unions are largest in the private sector, covering 103 million ...
Survey: Allure of Home Ownership Fades
16 Sep 2010
The American dream of owning a home has lost some of its allure after years of falling home prices and owners facing financial ruin, The Wall Street Journal reported Thursday. ...
Man jailed for stealing from investors
16 Jun 2010
Rennie's lawyer said in a pre-sentencing report his client was an unsophisticated investor who got caught up in the real estate bubble and wanted to provide for his dead brother's children. Rennie had pleaded guilty in January to 14 counts of wire fraud ...
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On the market: Is this the time to buy?
When the real estate bubble burst, it was bad news for homeowners. But for those looking for a bargain, there are many to be found. Still, not everything is a sure bet.
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