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.