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Finally someone is feeling optimistic about home sales. Builder sentiment rose for the third straight month, according to the December survey by National Association of Home Builders/Wells Fargo. It’s the first consecutive, three-month upswing since 2009 and is considered a “legitimate, though slowly emerging upward trend,” according to David Crowe, chief economist at National Association
Just because the rich and famous can afford the best legal representation for their estate, doesn’t mean they don’t make mistakes — sometimes enormous errors that not only greatly diminish the value of their assets through legal fees, but tarnish the image of the family whose founder worked so hard to earn the fortune. Too
Troubles continue to plague Fannie Mae and Freddie Mac, the giant mortgage companies that were taken over by the government in 2008 and bailed out by taxpayers.
The Securities and Exchange Commission, or SEC, sued three former executives at each of the two companies, including the former CEOs, charging them with misrepresenting the amount of subprime
More potential first-time homebuyers are living with their parents instead of shopping for a home, further stalling a housing recovery.
Mortgage rates are at record lows and home values have dropped — significantly in some areas of the country — since the heights of the housing bubble, yet young people are locked out of the market.
One of the fastest-growing segments of the retail industry is on track to have a prosperous holiday season, especially since stores have begun leasing space in more upscale neighborhoods. Consignment and thrift stores that sell used merchandise have proven alluring to those looking to cut back on price but not quality.
According to U.S. Census figures,
A bid to boost fees that Fannie Mae and Freddie Mac charge lenders in order to pay for the proposed payroll tax cut extension for another year is drawing fire from some in the real estate industry who fear that lenders will pass the fees on to borrowers in the form of higher mortgage interest
Giving with no strings attached and no expectation of acknowledgement has to be the sweetest form of charity. And when times are hard, many donors find that giving directly to a person who doesn’t anticipate it provides even more gratification.
Three Michigan shoppers were surprised to find that their Kmart layaway bills had been nearly paid
As one way to unload the glut of housing inventory languishing on the market, two senators want to introduce a bill today that gives foreigners who buy a home in the U.S. a residence visa.
Foreigners would have to invest at least $500,000 in residential real estate (buyers can invest in more than one home as
Given that most lottery winners lose it all within three years, it’s notable to take a closer look at how the three Connecticut money managers are handling their $254 million Powerball win.
The partners in a wealth management company, Greg Skidmore, Tim Davidson and Brandon Lacoff, opted for the lump sum of $103.5 million instead of a
Beware when searching on the Internet for ways to modify your mortgage payments. So far, the federal government has shut down more than 200 scam companies that are promising to help struggling homeowners.
In a separate action, search engines have been taking their own actions by barring suspicious advertisers. Google removed 500 advertisers from its site
