This article warns of the impending era of due-on-sale enforcement that will befall the real estate market in the approaching age of rising interest rates.

As the income chasm widens between the top 1% of earners in the U.S. and everyone else, social mobility likewise continues to decline, according to the chairman of the Council of Economic Advisers, Alan Krueger. Krueger points to a number of indicators that income inequality is indeed present in the U.S. and that it is [...]

Europeans are more interested in California real estate than ever, according to a recent study by the real estate website, Trulia. Based on global web traffic to view real estate listings on their site, Trulia reported the top 50 metro areas in the U.S. that Europeans are eyeing. Seven of the top 50 cities were [...]

China’s government has stepped in to tame the fired-up dragon that is/was the Chinese real estate market.  Real estate investments in China are now witnessing rapidly declining prices, and the country’s smart private money is looking elsewhere to invest excess funds. Unlike in the U.S., where the government allows the free market to reign until [...]

Nobody understands debt, according to Nobel Prize-winning economist Paul Krugman. What he means specifically is that Congress, the media and the American people do not understand the distinction between public debt and private debt. Krugman points to the recent debt debates in Congress as chief evidence that the widespread misunderstanding of public debt has largely [...]

This article lists the top nine reasons why housing will not lead the U.S. economy into recovery and critiques the misconception that housing is an economic driver capable of rescuing a failing economy.

This article warns of the impending era of due-on-sale enforcement that will befall the real estate market in the approaching age of rising interest rates.

Bank of America (BofA) has reached a $335 million dollar fair-lending settlement with roughly 200,000 victims of discriminatory mortgage-lending practices perpetrated by Countrywide. The settlement is the largest on record for a fair-lending suit. [For more information on settlements reached by BofA, see the July 2011 first tuesday article, Payday cometh . . . for [...]

The National Association of Realtors (NAR) has admitted to grossly overstating its numbers of reported home sales over the first years of this Lesser Depression. After the trusted real estate data firm CoreLogic questioned the accuracy of NAR’s numbers, the real estate trade union took a second look and revised its reported home sales data [...]

The underlying cause of stunted home sales volume and sticky pricing may be the epidemic of floundering Fair Isaac Corporation (FICO) scores during the Lesser Depression, according to a recent FICO study. Roughly 50 million American consumers experienced a FICO score drop of at least 20 points in 2008-2009 following the housing bust and financial [...]