News & Headlines
A directory of real estate links, outlining the most popular news and other articles as voted on by the BiggerPockets community.
Links from: businessweek.com
BofA Tumbles to 5.6% Share of Mortgages
Bank of America Corp. lost about three-quarters of its market share in U.S. home mortgages since 2007 as the firm grappled with defective loans, while Wells Fargo & Co.’s presence almost doubled, FBR Capital Markets said.
Jobless Rates Decrease in 37 US States, Led by Alabama
Unemployment dropped in 37 U.S. states in December, indicating the improvement in the job market is broad based as the economy picks up.
Fed's Pianalto Says Economic Recovery Frustratingly Slow
Federal Reserve Bank of Cleveland President Sandra Pianalto said the economic recovery faces “headwinds” such as “depressed” housing markets, the sovereign debt crisis in Europe and government spending cuts.
Shale Bubble Near-Record Prices for Untested Fields
Surging prices for oil and natural- gas shales, in at least one case rising 10-fold in five weeks, are raising concern of a bubble as valuations of drilling acreage approach the peak set before the collapse of Lehman Brothers Holdings Inc.
Fed's Dudley Calls for Government Action to Revive Housing
audit the fed, end the abuse, and stop spending my money on bailouts!
Biggest Economies Face $7.6 Trillion for Maturing Debt
Governments of the world’s leading economies have more than $7.6 trillion of debt maturing this year, with most facing a rise in borrowing costs.
Stocks sink after Fitch warns on US bank exposure
A warning from Fitch Ratings that large U.S. banks could be hit hard if Europe's debt crisis spreads sent stocks on a downward spiral late Wednesday.
Home Prices Decline in Almost 3/4ths of U.S. Metro Areas
Home values fell in almost three- fourths of U.S. cities in the third quarter as a slowing economy deterred buyers.
Bernanke Says U.S. Should Support Small Business
Federal Reserve Chairman Ben S. Bernanke said policy makers should think “carefully” about how to support small businesses and entrepreneurs to boost job growth in the face of “difficult economic times.”
Stocks Advance as Fed Says It May Act to Safeguard Recovery
U.S. stocks rose, rebounding from a two-day drop in the Standard & Poor’s 500 Index, as the Federal Reserve said economic growth strengthened and it is prepared to take action if needed to safeguard the recovery.
Investors Scale Back Real Estate Bets on Economy Woes
Investors are scaling back bets on real estate, deterred by concerns about a global economic slowdown and as funds run out of time to allocate the money they have raised, a study by DTZ Group Plc showed.
Chinas Squeeze on Property Market Nearing Tipping Point
The squeeze on China’s property market may be reaching a “tipping point” that drives growth lower just when exports are under threat from a global slowdown and investor confidence is plunging, said Zhang Zhiwei, Hong Kong-based chief China economi...
Commercial-Property Prices Jumped 5% in July, Moody's Says
U.S. commercial real estate prices rose for a third straight month in July as deals for smaller properties led a rebound that may stall as the economy slows, according to Moody’s Investors Service.
Which Is America's Best City?
Based on metrics like school performance, green space, and cultural amenities, Raleigh, N.C., ranks No. 1 in Businessweek.com’s first Best Cities ranking
Time Warner names new global real estate exec
Time Warner Inc. on Monday named former Citigroup executive Tom Santiago to oversee its recently consolidated real estate and facilities group.
World's central banks flood market with dollars
Five of the world's top central banks acted jointly Thursday to provide unlimited dollar loans to banks, a move aimed at easing the growing tensions in the eurozone's financial sector and shielding the global economy from its jitters.
Republicans Differ With Each Other, Not Just Obama
The Republican presidential candidates are starting to move on from attacking Barack Obama for his handling of the economy to drawing differences with each other on the best way to promote jobs and growth.
Inflation squeezing consumers in weak economy
Consumers are spending more to fill their tanks, feed their families and pay the rent. At the same time, the number of people applying for unemployment benefits has reached the highest level in three months.
This Congress's Work Is Never Done
As Republicans and Democrats squabble over tax hikes and spending cuts, the rest of their work piles up
The Electronic Nails in the Post Office's Coffin
Startups such as Zumbox, Manilla, and Doxo add to the USPS’s woes by digitizing bills and statements
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