Got an iPhone? Want to buy a house? Or, maybe you have an iPad, or an Android device. The owner of a severely troubled house in Detroit doesn’t really care. This individual, who’s now living abroad, just wants to unload the property. That owner isn’t alone, either. In...
We expect computers, televisions and other kinds of devices to become obsolete. But what about houses? It turns out that the problem of “functional obsolescence” may be haunting the housing recovery, as potential buyers – and renters – are put off by homes...
By many benchmarks, the housing market’s recovery continues, with rising home prices, more new construction and even a safer lending environment for mortgage applicants. But casting a long shadow over all these rosier indicators is the vast and stagnant foreclosure...
It’s the kind of publicity Bank of America doesn’t need right now: a German –born intern at one of the bank’s London branches died after a long stretch of workdays without a break. So BofA, like other scandal-plagued US megabanks – is mounting new efforts to clean up...
The new year is only a few days old, and some of the promised changes to the housing landscape are already in place. The Federal Reserve will begin to implement its stimulus “taper down” and the tighter lending rules ushered in by the Consumer Finance Protection...
