Landmark judgement for real estate brokerages and consumers
Today, the Department of Justice announced a settlement with the National Association of Realtors which basically states that the NAR can no longer selectively prevent access to MLS listings. As real...
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Coping with the Housing Mess
How are we adjusting these days? When Wall Street bet everything on the property boom, it spelled the beginning of an economic windfall. Over time, though, only few got their speculations right,...
View ArticleProperty Crisis Hits State’s Budgets
Would you still think of moving to these regions after budget cuts in state funding? The mortgage meltdown has spread to other components of the macroeconomy. The Center on Budget and Policy Priorities...
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Which Cities Could Be Hardest Hit by the Financial Crisis?
Where should employees of these cities go to remain employed? Darien, Conn., may be the hardest hit by the current financial crisis, according to a list compiled by BusinessWeek magazine and...
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WaMu, Where To?
Rival investment bank purchases troubled firm including $176 billion in home loans. JPMorgan Chase’s strategic move to rescue Washington Mutual allows the investment bank to gain the market lead in the...
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New Wave of Prosecutions Connected to the Housing Downfall
A series of arrests is on the way for deceived homeowners seeking reprisal. This time, the authorities are taking the housing slump seriously. Julian Tzolov, a Bulgarian broker based in New York, had...
View ArticleGovernment’s “Stubborn Ignorance” Affect on Housing
George Mason University’s economist, Walt Williams, states in his recent publication Stubborn Ignorance… The credit crunch and foreclosure problems are failures of government policy. In fact, what we...
View ArticleOne Step at a Time
The Treasury Department begins its mortgage meltdown makeover. It looks like help is finally on the way for anxious homeowners. The Treasury Department stroke a deal that would alleviate the long wait...
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