With higher prices comes the prospect of an inflating housing bubble. Still, home prices in Portland are cheaper than other popular west coast cities. That's why Krista Juracek and her husband want to move to Portland from the Bay area. “The houses are …
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With the meltdown in the subprime markets which led to many of the major financial firms collapsing around the globe, investors fled to quality. The gold standard when it comes to financial stability is the United States Treasury. To purchase …
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He reminds me — and not in a good way — of Edmund Andrews, who in 2009 wrote a book about how even he, then an economics reporter for The New York Times, got caught up in the housing bubble and subsequent meltdown. (Among other colossally …
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The US bank said record credit growth over the last quarter will keep growth humming for a little longer but the fiscal blitz is already ebbing and the government is imposing property curbs in the Eastern cities to prevent a speculative bubble. China's …
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Meanwhile, many of the states hit hardest by the mortgage meltdown in 2008 saw an increase of foreclosure activity in March. The data looks at how many residential properties have a foreclosure filing — notice of default, scheduled auction or bank …
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Australia's housing market slowdown is set to continue over the rest of the year and into 2017, according to a new paper from HSBC, but it shouldn't cause a household debt crisis as a result. The possibility of an apartment market meltdown, however …
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For years now, prominent Canadian financial pundits have been warning people about the massive bubble forming in the housing market, especially in Toronto and Vancouver. And for the most part, these people have been colossally wrong. Home values in …
A California-based federal prosecutor whose office secured multi-billion dollar settlements after the housing meltdown announced Wednesday that he is resigning as President Barack Obama's administration begins to wind down. Benjamin Wagner, U.S. …
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“While the housing market has improved since the worst days of the housing meltdown and recession, millions of Americans remain underwater with their mortgages and millions more can't get a loan to buy a house,” Sanders said on his website. “On the …
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“While the housing market has improved since the worst days of the housing meltdown and recession, millions of Americans remain underwater with their mortgages and millions more can't get a loan to buy a house,” Sanders said on his website. “On the …
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After the housing bubble of 2009, you'd think many people would learn their lessons that lending money to people with bad credit was a recipe for disaster. On top of that, the government promised to bail out the lenders with taxpayer money should the …
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“The Obama administration is doing its best to give the nation another mortgage meltdown,” a recent editorial alleged. “Team Obama has pushed mortgage lenders to offer home loans to folks with shaky credit, setting up conditions for another housing …
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Kansas City Fed President Esther George thinks commercial real estate is in a bubble, and that bubble could force the Federal Reserve to raise interest rates. George made that revelation at an economic forum in York, Nebraska, ignored by most reporters.
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The residential foreclosure rate is now below pre-recession levels in 12 states, and the national foreclosure rate has dropped to its lowest level since the fourth quarter of 2006, RealtyTrac reports in its latest quarterly and monthly analysis of …
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When the economy and housing prices turn south again, a lot of these loans will go bad, just as they did last time. Good news: That probably won't cause another global financial crisis, because the banks largely learned their lesson on that front back …
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Meanwhile, many of the states hit hardest by the mortgage meltdown in 2008 saw an increase of foreclosure activity in March. The data looks at how many residential properties have a foreclosure filing — notice of default, scheduled auction or bank …
The fact that the Australian financial system did not experience a meltdown or even significant bankruptcies as a result of the 2008 global financial crisis was hailed by politicians and media pundits as proof of the soundness of the country's banks …
Other economists have cited the ever-mounting property values in Vancouver and Toronto, and the swollen debt levels that accompany them, though they aren't calling for a meltdown. Mr. Madani has long believed Canadian housing markets are headed for …