A recent Fed working paper happily points out that even as other sources of municipal tax revenue have plummeted, property taxes have held fairly steady, and the authors expect that to continue. Unfortunately, their optimistic …
For years, the property management business has been stuck in the Dark Ages — using faxes, paper ledgers and out-of-date spreadsheet software.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…
The foreclosure crisis continues to pummel millions of Americans, and it has given rise to new con artists offering false assistance that leaves homeowners even deeper in debt. If you don’t want to get kicked when you’re alread…
A building boom — and the constrained supply of materials due to mandated energy cuts — sent Chinese cement, metal and building-equipment stocks up Thursday. Meanwhile, Hong Kong and Japanese exporters benefited from improvin…
Bank of America challenges testimony by one of its operational leaders — that Countrywide may have held on to homeowners’ notes that it should have put into a trust. But the testimony is reinforcing fears that BofA is in big t…