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

Staff / Truthdig Oct 16, 2013 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. Dig deeper ( 3 Min. Read )

Housing Market Heats Up

Peter Z. Scheer / Truthdig Jul 31, 2013 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. Dig deeper ( 1 Min. Read )

Housing Market Up

John Darkow, Cagle Cartoons, Columbia Daily Tribune, Missouri Jun 2, 2013 Dig deeper

The Housing Market Recovery Is ‘A Complete Hoax’

Alexander Reed Kelly / Truthdig May 3, 2013 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. Dig deeper ( 2 Min. Read )

Homeownership Support Shouldn’t Be a Mansion Subsidy

David Sirota / Truthdig Dec 14, 2012 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. Dig deeper ( 3 Min. Read )

Manhattan Rents Reach for the Sky

Staff / Truthdig Apr 21, 2012 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. Dig deeper ( 1 Min. Read )

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

Staff / Truthdig Feb 9, 2012 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.On Thursday, state and federal government representatives announced that five major banks had agreed to pay their part in a settlement of more than $25 billion stemming from the mortgage market meltdown. Dig deeper ( 1 Min. Read )

The Numbers Show

Staff / Truthdig Jan 27, 2012 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.This week on Truthdig Radio: The hidden scandal lurking in Mitt Romney's tax returns; shining sunlight on super PACs, and Doug Henwood deflates China's real estate bubble. Dig deeper ( 1 Min. Read )

The Numbers Show

Staff / Truthdig Jan 27, 2012 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. Dig deeper

Deep in the Heart of Texas’ Drug Trade

Staff / Truthdig Jul 24, 2011 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) Dig deeper ( 2 Min. Read )

Plummeting Prices Deepen Crisis in U.S. Housing Market

Staff / Truthdig May 31, 2011 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. Dig deeper ( 1 Min. Read )

Home Sales Bump Up in September

Staff / Truthdig Oct 26, 2010 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. Dig deeper ( 1 Min. Read )