Jun 2nd 2011 1:55PM
As perhaps a bit of penance from a man with the most unfortunate surname since bin Laden, Peter Madoff, the notorious Ponzi schemer's brother, is selling his $6.5 million New York mansion for charity. All of the proceeds will reportedly be given to victims of Bernie Madoff's multi-billion dollar Ponzi scheme. How will the... Continue Reading »
Jun 2nd 2011 7:00AM
Count me among the unpanicked over the Standard & Poor's/Case-Shiller monthly housing index that shows housing values have dipped past a low set during the Great Recession. I'm not even getting goosebumps over the chilling words "housing double-dip." Nope. For the 70 million home-owning Americans who don't have a need... Continue Reading »
May 11th 2011 11:45AM
Nearly two years since the Great Recession officially ended, the housing market still shows few signs of picking up. And it could get worse before it gets better. Looking further back, home prices have now hit their lowest point in two years, falling 0.7 percent below March 2009 levels, according to a recent report by... Continue Reading »
Jul 21st 2010 2:15PM
Think back to late 2007, before the stock market crash of 2008. If you'll recall, the first omen of the Great Recession was a housing market decline. Now some economists are suggesting that a current stall in home sales and new construction portends a new period of economic downdraft. A foundering job market, declines on... Continue Reading »
Mar 29th 2010 2:30PM
The market value of your house is down 20 to 30 percent from its peak and could have further still to go. Jobs are scarce and the idea that home values will rise again seems remote. But this, too, shall pass (yes, your home value will eventually recover). And I can tell you exactly why -- psychology. The good news is... Continue Reading »
