The pool of people choosing to rent rather than buy a home is growing, driven by changes in some key demographic groups such as retirees and millennials. But there’s another kind of renter, seen both at home and in expatriate communities abroad: people –...
It’s been nearly five years since the housing market suffered its catastrophic collapse, and new mortgage fraud charges are still being filed against the big banks responsible for most of the disastrous subprime mortgages and the widespread foreclosure abuses that...
It was an unpleasant word when it was coined back in the seventies, and that’s still true today. But some economists fear that stagflation _- that hybrid of stagnation and inflation that raised its ugly head fur decades ago may be returning to haunt the emerging...
The sun sets in the west, but in economic terms, it may just be starting to rise. After Asian economies, led by China, began to surge a few years ago, economists and market watchers claimed that the future belonged to the East. Leaving the US and the struggling...
Want to buy a house? Got a dollar to spend? That’s the sales pitch for the infamous “dollar house” in Detroit – a home that’s actually listed for sale for just one measly buck. But even tat that rock bottom price, nobody’s biting. As of the beginning of August 2013,...
