The Homebuyer Tax Credit was a sweet little perk for the housing market, but now it’s over. That leaves home prices to rise — or fall — on the merits
Tag Archives: housing
Why the Economic Recovery Is Slowing Down
John Kenneth Galbraith, one of the most famous practitioners of the high-minded guessing game known as economics, once noted that in the dismal science, “the majority is always wrong.” How else to explain the fact that so many economists upgraded their growth forecasts for the American economy at the end of last year, often to well above 3%, when the numbers so far this year have come in below 2%? The plunge is due to many things, from higher food and oil prices to supply-chain disruptions in the wake of the Japanese nuclear disaster to a terrible housing market.
MONEY: Empty Pockets on a Trillion Dollars a Year
CAN a nation with a trillion-dollar economy be running out of money? That startling question is forcing itself upon every government official who must shape a budget, from President Nixon down to the head of the smallest local mosquito-abatement district
Why Singapore’s Much-Hyped Elections Won’t Mean Much
The campaign leading to Singapore’s May 7 general election had the trappings of a larger political drama.
After Housing Bubble, the Dark Side of Homeowner Dreams
Homeownership has let us down. For generations, Americans believed that owning a home was an axiomatic good.
Federal Budget: Don’t Cut Funding for Homeless Veterans
My eyes always cringe at the sight of a homeless veteran.
Netanyahu rules out freeze on Israeli settlements, source says
Israeli Prime Minister Benjamin Netanyahu said Monday that a complete halt of Jewish settlements will not happen, according to a parliament source. Netanyahu said at a closed-door Knesset committee meeting that Israel would agree only to a partial reduction of housing construction and for a limited time, not the year the United States would like, said a government official who was not authorized to speak about the meeting and did not want to be identified.
AIDS patients struggle in isolated Cambodian town
Van Thy says the government evicted her from her home in the Cambodian capital and trucked her and others out to a town an hour away where she now lives in a hot green metal shed with no running water and dim prospects. Before the move, she had a job as a dishwasher, but now the 36-year-old woman is unemployed, penniless and her health has taken a turn for the worse
Homebuilders Are Back At It — Should We Be Worried?
Homebuilders are getting back to work. Is that good news for the housing market
Senate confirms Sotomayor for Supreme Court
Judge Sonia Sotomayor, who rose from the housing projects of the Bronx to the top of the legal profession, made history Thursday when the Senate confirmed her to become the nation’s first Hispanic Supreme Court justice. Sotomayor was easily confirmed in a 68-31 vote.