A reader asked, "Does the stock market’s futures worry you?" From USA Today. "Wall Street is a world away from Turkey and Argentina and the other developing economies dotting the globe. But recent news of financial tumult and plunging currencies in some emerging markets, coupled with bad memories...
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It's Friday desk clearing time for this blogger. "Home sales across the Houston area broke a pre-recession record in 2013, as a booming economy and a buying frenzy in many neighborhoods pushed up prices. Realty agents who remember Houston's real estate boom of the early 1980s - and the subsequent...
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The Times Argus reports from Vermont. "At their most recent meeting this week, the Montpelier Planning Commission took up a familiar issue: affordable housing. Polly Nichols, a member of the city’s housing task force and housing director for the Vermont Housing and Conservation Board, said that...
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The Wall Street Journal reports on India. "Indian firms are selling their assets to raise cash, as banks are tightening the screws on loan repayments to help stem rising bad debt. But selling assets in the current downturn isn’t going to be easy, bankers say, since global and Indian banks are...
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The Union Tribune reports from California. "The stakes are high for San Diego’s housing market as the Federal Reserve tapers the national economy off super-low interest rates. Already, skyrocketing mortgage payments may have chased away enough demand to halt price growth. A typical new mortgage in...
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The News Press reports from Florida. "Q: I own condominium units in both Florida and another state. I have seen in both states where banks seem to be sitting back and not pursuing foreclosures, leaving the properties and associations in limbo. Can you please advise me if there are any federal or...
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Readers suggested a topic on interest rates. "Mortgage rates will be going up soon, and as everybody knows, when rates increase home prices increase too, so smart home buyers should buy now to lock in a low interest rate at an affordable purchase price before rates and prices go up." A reply,...
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It's Friday desk clearing time for this blogger. "Federal Reserve Chairman Ben S. Bernanke defended quantitative easing, saying it has helped the economy and shows no immediate sign of creating a bubble in asset prices. 'We don’t think that financial stability concerns should at this point detract...
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