For years, the property management business has been stuck in the Dark Ages — using faxes, paper ledgers and out-of-date spreadsheet software. But as the foreclosure crisis adds millions of people to the rental market, new sta…
Hong Kong took a new step this week to let some air out of its real estate bubble, levying a heavy tax on property flippers — a move that has already sent asking prices there downward. But Hong Kong’s real estate risks are dwa…
In a case with wider implications for the financial industry, jurors in a class-action securities fraud suit found that BankAtlantic Bankcorp was liable to shareholders for about $42 million for making false statements about th…
For a while, it seemed the housing crisis had been averted. Now, Gary Shilling, president of economic consulting firm A. Gary Shilling & Co., says that things are likely to get worse. He predicts that housing prices could fall another 20%.
Continue reading Gary Shilling: Home Prices Could Fall 20% More
Gary Shilling: Home Prices Could Fall 20% More originally appeared on DailyFinance on Fri, 05 Nov 2010 08:33:00.
Filed Under: Economy, Investing, Real Estate, Video
The rescue of mortgage giants Fannie Mae and Freddie Mac could cost as much as $363 billion over the next three years — more than double the amount spent so far — the Federal Housing Finance Agency announced Thursday.
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