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In Search of the Blues

In Search of the Blues

By Marybeth Hamilton

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Tag: Real Estate


What You Need to Earn to Rent a Decent One-Bedroom in America

Unsurprisingly, the “housing wage” is much higher than the minimum wage in much of the country.

Posted on Apr 26, 2014 READ MORE



i am real estate photographer (CC BY 2.0)

Nobel Prize-Winning Economist Says Buying a House Is a Bad Idea

If the housing crisis wasn’t enough to turn you off of buying real estate, listen to economist Robert Shiller: Houses are poor investments, and they pretty much always have been.

Posted on Oct 16, 2013 READ MORE



Shutterstock

Housing Market Heats Up

Good news for homeowners: The value of your average castle, according to one index, rose in May by 12.2 percent, the highest jump in seven years.

Posted on Jul 30, 2013 READ MORE


Housing Market Up

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Posted on Jun 2, 2013 READ MORE



Ian Muttoo (CC BY-SA 2.0)

The Housing Market Recovery Is ‘A Complete Hoax’

Homeownership is at its lowest level in 18 years, but housing prices are rising. Why? Because banks are creating real estate scarcity by buying up homes and selectively stalling foreclosures.

Posted on May 3, 2013 READ MORE


Homeownership Support Shouldn’t Be a Mansion Subsidy

With Congress finally starting to have a serious conversation about our revenue crisis, there are obvious reasons to limit the amount of mortgage interest that Americans can deduct from their taxable income.

Posted on Dec 13, 2012 READ MORE



wilhemlja (CC-BY-SA 2.0)

Manhattan Rents Reach for the Sky

In spite of a still-bleak economy, the average cost of rent in Manhattan sits at an all-time high of $3,148 a month. And with a 1 percent vacancy rate and just over 2,200 rentals slated for construction this year, landlords will continue to dominate the market.

Posted on Apr 21, 2012 READ MORE



AP / Cliff Owen

Banks, Gov’t Strike $25B Deal in Foreclosure Fraud Settlement

On Thursday, state and federal government representatives announced that five major banks—Wells Fargo, Bank of America, Ally Financial, Citigroup and JPMorgan Chase—had agreed to pay their part in a settlement of more than $25 billion stemming from the mortgage market meltdown that caused millions of Americans to lose their homes.

Posted on Feb 9, 2012 READ MORE


The Numbers Show

This week on Truthdig Radio in association with KPFK: David Cay Johnston reveals the hidden scandal lurking in Romney’s tax returns; Robert Scheer and Kathy Kiely shine sunlight on super PACs, and Doug Henwood deflates China’s real estate bubble.

Posted on Jan 27, 2012 READ MORE



Photo illustration from an image by Colin Grey (CC-BY)

The Numbers Show

This week on Truthdig Radio in association with KPFK: David Cay Johnston reveals the hidden scandal lurking in Romney’s tax returns; Robert Scheer and Kathy Kiely shine sunlight on super PACs, and Doug Henwood deflates China’s real estate bubble.

Posted on Jan 27, 2012 READ MORE



Flickr / dherrera_96

Deep in the Heart of Texas’ Drug Trade

Texas Gov. Rick Perry points to his hyper pro-business policies to explain the fact that 37 percent of the nation’s new jobs created over the last two years were in his state. New York magazine has another suggestion though: the region’s multibillion-dollar drug trade. (more)

Posted on Jul 24, 2011 READ MORE



Flickr/Images_of_Money

Plummeting Prices Deepen Crisis in U.S. Housing Market

According to at least some sources, certain sectors of the American economy are showing signs of life, but the housing market sure isn’t one of them, especially considering the news expected to surface Tuesday that prices have now dipped below the previous lowest point recorded since this recession kicked in three years ago. The recession’s earlier bottom for housing prices occurred in 2009.

Posted on May 30, 2011 READ MORE



Flickr / Casey Serin (CC-BY)

Home Sales Bump Up in September

At long last, a little good news from the real estate market: The National Association of Realtors reported a 10 percent rise in existing home sales in September, but buyers are still skittish about foreclosures and the country’s job problems figure into the long-term prognosis as well.

Posted on Oct 25, 2010 READ MORE


zell
chicagobusiness.com

Zell Out as Tribune CEO

After two tumultuous years in the media business, Tribune Co.’s controversial CEO, Chicago-based real estate mogul Sam Zell, is stepping down from his post, but he’s not bowing out of the game altogether—Zell will continue as the media company’s chairman.

Posted on Dec 2, 2009 READ MORE


home sales

Home Sales Jump 10.1% in October

Other market sectors are another story, and this story may also change in coming months, but let’s have some good news about the residential real estate market, shall we? Right: The Associated Press is reporting that home sales rose more than 10 percent in October from their September levels, largely due to tax incentives, and November may continue along this trend.

Posted on Nov 23, 2009 READ MORE


Swinton
Flickr / Strevo

Swinton vs. Trump in Golf Resort Dispute

Donald Trump is plotting to plop down a deluxe golf resort in an “environmentally sensitive” part of Scotland—a plan that’s getting some of the locals good and riled up, including actor Tilda Swinton, according to the AP. Swinton has added her name to a petition signed by some 15,000 Scots to block Trump from breaking ground, which does not please The Donald.

Posted on Oct 13, 2009 READ MORE


Thanksgiving Blues

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Posted on Nov 16, 2007 READ MORE


Investor Confidence

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Posted on Sep 9, 2007 READ MORE


From the Bayou to Baghdad: Mission Accomplished?

The host of “Democracy Now!” reports from New Orleans, where residents are fighting to keep their homes and resist the unholy alliance of opportunistic developers and an unresponsive government. Meanwhile, the president seems just as oblivious to the suffering of people in Louisiana as he is to that of Iraqis.

Posted on Sep 4, 2007 READ MORE


Home Prices Plummet

If you’re caught up financially in the housing bubble (who isn’t these days?), you might want to skip this item. Home prices have fallen by 3.2 percent—the sharpest drop in 20 years, while the median price for homes has gone down for the 12th consecutive month—another record. That’s not good news for a market eager to return to the good ol’ days of easy loans and overpriced homes.

Posted on Aug 28, 2007 READ MORE


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