Alexis McGee
Alexis McGee
bank example expected financial households job loss result severe
In Delaware, for example, severe job loss is expected as a result of Bank of America's acquisition of MBNA. That will put many households in financial distress.
arms buyers california great home homes interest loans means near option otherwise prices qualify reached risky trouble
A great many risky loans were issued in California as home prices reached the stratosphere. Interest only and option ARMs were used by many buyers to qualify for homes they could not otherwise afford. That means trouble in the near and intermediate future.
boston city fell flat home last manhattan outside price prices report shift three washington york
The median home price in Boston fell 4.5% over the last three months. In Washington D.C. prices were flat over the last 30 days, but down 5.4% over the last 90 days. Realtors outside Manhattan in New York City report a shift to a buyer's market.