The reason is quite simple: Those workers are also consumers. When the 99 percent earn more, they spend more, and the one percent can produce more and earn more themselves.
There are two features of the home mortgage market that thwart all efforts to use the GFE as a shopping tool.
The housing market continued its uneven recovery in 2013 and will enter 2014 closer to normal than it was a year earlier. Consumer optimism is climbin...
The only thing more frustrating than the media's refusal to cover America's retirement crisis is that the trade group for the mutual funds who manage 401(k) assets continues to insist that the crisis doesn't exist.
With Mel Watt confirmed as FHFA Director, we have a rare chance to reverse the widening economic inequality plaguing our communities. We urge the FHFA to start its work today.
Right now, our political debates pose a false conflict: that our country can't possibly invest in older generations while nurturing younger generations. Yet our work suggests that the American public doesn't share these views.
How is it that our land, supposedly the beacon of freedom and democracy for the rest of the world, puts so many of its own people into prison? And why has the number climbed so drastically since 1980?
As rates begin to rise in anticipation of Fed "tapering," we would expect an eventual reversal as economic indicators begin to deteriorate. In other words, there is a ceiling on the pace of this economic recovery until deleveraging runs its course (which could be a long while).
During the first few decades of my career as a real estate attorney, the question posed by clients was, "What will buying (or selling) cost me?" When ...
Isn't California an economic joke, constantly in debt, a laughingstock of an economy with a housing market in free fall and cities going bankrupt left and right? That was, certainly, the California of yesterday's news. But it's no longer the state of today.
As Republicans continue to block highly qualified nominees like Rep. Watt from receiving an up-or-down vote, Senator Reid must make good on his threat to change the Senate rules.
The current market portends a promising future for growth of Phoenix. We have survived one of the worst real estate recessions of all times, and now we are moving into time of expansion for housing. In a state that sees sunlight 85 percent of the year, the future of Metro Phoenix's housing market is just as bright!
The last few years have seen an increase in multigenerational living. Young adults became far more likely to live with their parents during the recess...
At Redfin, we looked into preferences among our own young homebuyers, and found that, what a shocker, men and women disagree on some major stuff. Namely, how long they plan to stay in one home, where they want to live and who they plan to live with.
Why am I writing all this? Everyone has an Obama Care story and this is mine. I hope our legislature will soon grasp that the ranks of the self-employed are responsible, valuable members of society and should not be swept under the rug.
Social scientists have long argued that neighborhoods play an important role in shaping children's long-term academic attainment. This study supports this assertion but also suggests a need to focus on broadening the educational benefits that may flow from economic growth.