The Associated Press in a June 28 story by writer Stephanie Reitz reported that several historic homes are struggling to stay open because of the economy. Corporations and individuals are providing less financial support while the costs of keeping the historic sites open to the public are rising.
He’s a better actor than he is a governor, and that’s not saying much. But how good of an economic forecaster is Arnold Schwarzenneger? In about a year, we’ll know.
The National Association of Realtors last week released their latest home-sales data. For once, there was some good news. But, of course, the report contained a lot of bad news, too.
Add one more prominent name to the list of people who don’t accept blame for the nation’s residential real estate slump: Alan Greenspan.
A new report from the Associated Press says that sites such as Zillow.com often come up with value estimates that are way off.
As housing foreclosures across the country continue to rise, a small, but growing, number of homeowners are turning to their employers for help.
The Justice Department is spending a lot of time and resources these days going after those who have committed mortgage fraud. In fact, the department has issued more than 400 indictments since March.
I’ve always suspected that members of Congress have no idea what life is like for “ordinary” citizens. Democratic Sen. Christopher Dodd, of Connecticut, is a good example.
The media aren’t causing the housing slump. Real estate agents, mortgage loan officers, greedy homeowners and lazy legislators all worked together to do that. Let’s put the blame where it belongs.
This allows homeowners to first buy their new home and then — in what is known as the “buy and bail” — stop paying the mortgage on their first home, letting it fall into foreclosure. In the end, the homeowner is left with a new house with a lower mortgage payment. Not a bad deal.
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Written by Dan Rafter [email] for b5media.
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