Those attending the iProperty.com International Property Expo in Singapore, to learn about "the best property in Asia" can win a free house by attending. The location of that house, however, might just be the most laughable "prize" in convention history.
The GSA has suddenly gone all “Eric Holder” on Congress, testifying to the House subcommittee that the broken lease won’t cost taxpayers a dime, when in fact it will cost at least $250 million- or more.
Bloomberg Macro indicators have fallen to seven month lows as the S&P 500 sets record highs. That hasn’t happened since 2007. Macro declines, market goes up. Must be a coincidence it mirrors 2007 trend lines.
Since the inflation phase of the second U.S. housing bubble began in July 2012, the trailing twelve-month average of median new home sale prices has increased by an average of $2,532 per month through February 2013. By contrast, the trailing twelve-month average for median household income in the U.S. has increased by an average of $121.56 per month, as median home prices have been rising by an average of roughly $21 for every $1 increase in median household income.
One would think inventory would be tight because homes should be selling as fast as they come to market. Not this time, because it’s different. You have to have a job to qualify for a home loan regardless the interest rate.
I can’t decide if the Republican National Committee’s (RNC) minority outreach effort is more like watching a sitcom or a soap opera dubbed “The Young and the Foolish.”
D.C. home prices reached the highest point in history during what liberals would claim as a period of austerity for our federal city.
It takes time to find things to tax to fund all things progressive. Two months to be exact.
Years of continually relaxed loan underwriting standards at the insistence of politicians and "guaranteed" by the federal government against loss eventually turned rotten. Now they're doing it again.
The stand out number from the ADP report for everyone told of the great housing recovery by the Columbia regurgitators, is the number of construction jobs added in March; 0. That’s right, the great housing recovery added a whopping zero construction jobs in March.
At a time when banks have more concentrated assets, with more concentrated risk, the administration, foolishly, inexplicably and predictably is leaning on mortgage lenders to lend to people less likely to be able to pay back loans.
Here we examine the factors that kept the first U.S. housing bubble going, even after the Fed acted to stop throwing so much fuel on the fire.
Investors snapped up the available properties for sale in these states at a very rapid clip in the early stages of the first U.S. housing bubble, sending house prices skyrocketing in the places they coveted.
As all fans of the Discovery Channel's Mythbusters know, it takes three things to make a fire: fuel, oxidizer and a spark. If you combine these three things in the right proportions, you too can make a fire.
All the great news about rising home prices creating a wealth effect is an overstatement, because consumer debt remains double that of 2001.
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