The Obama administration and the regulator for Fannie Mae and Freddie Mac are expected to unveil new steps to help distressed homeowners in the next week or two, a senior congressional aide said on Thursday. The aide commented on the plan after Democratic Senator...
Wall Street shed 1,300 workers in September, but New York City’s economic engine still employs more bankers and traders than a year-ago, the New York state Department of Labor reported on Thursday. Securities and commodities companies employed 169,400 people...
Home sales are bouncing along the bottom, home prices still haven’t hit bottom, and government proposals to juice the housing market are simply falling flat. The one bright spot in the hardest hit markets is foreign investment. While international buyers made up...
Senate Republicans and Democrats rejected each other’s economic stimulus bills on Thursday, underscoring their inability to craft a bipartisan solution on job creation before next year’s elections. All 47 Senate Republicans, joined by two of President...
U.S. apartment vacancies fell to a five-year low in the third quarter, enabling landlords to increase rents even as tepid job growth slowed leasing in what is usually a strong season for demand, Reis Inc. said. The vacancy rate dropped to 5.6 percent, the lowest since...
