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Housing Boom

Here's What People Fear In China's 'Silicon Valley'

Reuters | Casey Williams | Posted 06.13.2016 | Technology

SHENZHEN, China (Reuters) - A housing boom in China's wannabe "Silicon Valley" of Shenzhen risks undermining the city's tech boom as young professiona...

Black Americans Lost Money After Buying A Home, Even In Boom Times

The Huffington Post | Philip Lewis | Posted 10.09.2015 | Politics

No matter when black Americans decided to buy a home during the volatile 2000s, they lost wealth, according to a study released Wednesday. The Johns H...

Lardy, Lagarde Say Worries About China Overdone

Barry D. Wood | Posted 10.05.2016 | Business
Barry D. Wood

Nick Lardy, China specialist at Washington's Peterson Institute for International Economics, says the rebalancing underway in the world's second largest economy is a good thing.

Matt Sheehan

Signs of Life In China's Gleaming 'Ghost City' Of Ordos | Matt Sheehan | Posted 05.05.2015 | World

ORDOS, China -- This is a city that was built too big for its britches. Rising up from vast deserts of northern China, Ordos is an oasis of 21st-centu...

Housing Rebound Boosts Home Depot's Profits

Reuters | Posted 10.20.2013 | Business

By Dhanya Skariachan Aug 20 (Reuters) - A recovery in the U.S. housing market helped boost Home Depot Inc's quarterly profit and sales...

Study: Foreclosure Crisis Cost The U.S. Billions In Lost Wealth Last Year

The Huffington Post | Jillian Berman | Posted 05.17.2013 | Business

The housing market may be recovering, but the country is still suffering. Americans lost $192.6 billion in wealth, or an average of $1,700 per hou...

Wall Street Housing Bet Pushing Struggling Buyers Out Of The Market

Reuters | Posted 05.02.2013 | Business

(Reuters) - Michael Marchillo, a plumber, has been trying and failing for months to buy a bigger home for his family here in Sin City. He was pre-qual...

Home Ownership Rate Drops To Lowest Level In Nearly 20 Years

Reuters | Posted 06.30.2013 | Business

WASHINGTON, April 30 (Reuters) - The share of privately owned U.S. homes in the first quarter dipped to its lowest since 1995, government data showe...

Feds, States To Charge S&P

Reuters | Posted 02.04.2013 | Business

Feb 4 (Reuters) - Federal and state prosecutors intend to bring civil charges against Standard & Poor's for wrongdoing in its rating of mortgage bonds...

Fewer Americans Are Stuck At Home With Mom And Dad

Reuters | Posted 03.20.2013 | Business

(Repeats to additional subscribers) * Household formation lifting off recession troughs * Improving jobs picture behind ...

Matt Sledge

Karl Rove Latest In Long Line Of Bad Actors To Escape Accountability | Matt Sledge | Posted 11.20.2012 | Politics

Despite burning through some $390 million worth of GOP donors' fortunes, Karl Rove is still very much poised to be a central player in the Republican ...

Summer 2012: State of the DC Real Estate Market

Melissa Terzis | Posted 10.21.2012 | DC
Melissa Terzis

The market is hot again in D.C. and surrounding areas. But is this a good thing? While the news of a housing recovery makes people happy, another bubble is being created. Buyers who are escalating again are robbing their future equity.

Earth to Fed: You Can't Lose 40% of Something You Don't Have

Martin Luz | Posted 08.21.2012 | Business
Martin Luz

There never was any real housing "boom" and no increase in actual housing "wealth" -- merely a credit boom courtesy of the Magical Mystical Wall Street Securitization Machine -- a deliberate ploy to disguise the fact that people were earning less and could afford to spend less.

Jillian Berman

Housing Bust May Curb Middle-Class Teens' Attendance At Top Colleges: Study | Jillian Berman | Posted 05.17.2012 | Business

For Marliza Melzer, the housing bust has meant the end of two American dreams. "My mortgage is underwater so I can’t pay for my son to go to col...

Housing Doom to Housing Boom: Five Fixes to Keep the U.S. Housing Market on Track

Doug Lebda | Posted 05.15.2012 | Business
Doug Lebda

It is up to those of us with knowledge of the markets, and those of us in positions to change them, to transform these ideas from words into action. We should not delay.

One City's 'Last And Best Chance To Avoid A Bankruptcy'

Reuters | Posted 04.29.2012 | Business

(Adds comments) By Jim Christie SAN FRANCISCO, Feb 28 (Reuters) - Stockton, California's city council approved a plan l...

Beverly Hills Super-Rich Ditch Increasingly Worthless Mansions

Reuters | Posted 04.16.2012 | Business

* Record number of defaults in Beverly Hills * Many wealthy owners could still pay but walked away * Only 12 of 180 dist...

GRAPHIC: America's Housing Market Divided Between Rich, Poor

The Huffington Post | Posted 01.29.2012 | Business

The United States is divided into 41,861 distinct zip codes. And the difference in housing prices pushes them even further apart. The truly drasti...

The 'Most Egregious Manifestation' Of The Mortgage Crisis

Reuters | Posted 03.27.2012 | Business

By Michelle Conlin Jan 25 (Reuters) - In July 2009, Roy and Sheila Bowers refinanced the mortgage on their suburban ranch home in Tope...

Firm That Extracted Billions From BofA Sets Its Sights On JPMorgan

Posted 12.16.2011 | Business

A law firm that led mortgage bondholders to extract a $8.5 billion settlement from Bank of America Corp is turning its sights on JPMorgan Chase & Co. ...

Americans Staying Put More Than At Any Time Since World War II

Posted 12.27.2011 | Business

By HOPE YEN, Associated Press WASHINGTON -- Americans are staying put more than at any time since World War II, as the housing bust and unemployme...

SEC Nears Settlement With Fannie Mae, Freddie Mac Over Subprime Loans

Posted 11.09.2011 | Business

Regulators are close to an agreement with Fannie Mae and Freddie Mac to settle a case over disclosing their exposure to risky subprime loans, The New ...

Fraudster Charged With 'Using' Treasury Secretary's Account To Pay Off Mortgage

The Huffington Post | Harry Bradford | Posted 10.17.2011 | Business

The housing boom and bust brought forth many accounts of mortgage fraud — but it's only recently that the absurdity of some schemes is coming to lig...

LISTEN: The Decade's Home Prices Converted Into Musical Notes

NPR | JACOB GOLDSTEIN and DAVID KESTENBAUM | Posted 06.26.2011 | Business

The Case-Shiller home price index is a powerful way to look at the story of housing in America. You can see the boom and bust all in one simple graph....

Adjustable Rate Mortgages Are Making A Slow Comeback

CNN Money | Les Christie, Staff Writer | Posted 05.25.2011 | Business

Adjustable rate mortgages are back! After accounting for nearly 70% of all mortgages issued during the boom, ARMs vanished during the bust, totalin...