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Author:
Matt Ward
Posted:
07.24.2012

Student Housing Breathes Relief

On June 29, Congress avoided doubling interest rates for new federal student loans. Republicans and Democrats came together to keep interest rates on new Stafford loans, which are subsidized by the federal government, at 3.4 percent. The rates were set to double in July. It’s good news not just for matriculating freshmen but also for […]

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Author:
Kurt Rosene
Posted:
07.17.2012

The LIBOR Problem

People who don’t follow the capital markets on a continuing basis might be forgiven for thinking that LIBOR was the name of a fitness instructor from Norway. But no, it’s actually what a lot of people in the business world, including those of us in real estate, look to benchmark the interest rates that we […]

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Author:
Mark McDowell
Posted:
07.11.2012

Ancient Harappan Civilization a Victim of Climate Change

Climate change isn’t new. A recent study found that it destroyed an ancient civilization approximately 4,000 years ago. The gradual eastward movement of monsoons across Asia at first supported the formation of the Harappan civilization in the Indus Valley by allowing large-scale agricultural production, then wiped out the civilization as water supplies disappeared.  This the initial […]

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Author:
James I. Clark III
Posted:
07.09.2012

Back to the Drawing Board for Greece

International lenders and Greece will renegotiate the program on which the second financial bailout for Athens is based because the original has become outdated, according to a senior Eurozone official.  Greece received a €130-billion bailout in February from the European Union and the International Monetary Fund (IMF).  General elections in May and June delayed the […]

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Author:
Mike Ochs
Posted:
07.03.2012

Mortgage Delinquencies on the Decline

The percentage of borrowers who are behind on making mortgage payments fell to a four-year low in the first three months of 2012, according to the Mortgage Bankers Association (MBA).  The percentage of loans that were delinquent or in the foreclosure process during the 1st quarter was 11.33 percent, the lowest level since 2008.  That […]

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Author:
Mark McDowell
Posted:
07.02.2012

Public Transport Booms in the Recession

Soaring gas prices lured Americans out of their cars and onto public transportation, adding up to a five percent increase in ridership in the first three months of 2012, the most significant 1st quarter increase since 1999.  According to the American Public Transportation Association (APTA),  Americans took almost 125 million more rides on public transit […]

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Author:
Mike Ochs
Posted:
06.27.2012

House Prices Gradually on the Rise Again

Home prices — including distressed sales (foreclosures and short sales), climbed 1.1 percent in April, according to a new report from CoreLogic.  If you don’t count distressed sales, prices rose 2.6 percent.  Prices have not risen for two consecutive months since June 2010, a time when the homebuyer tax credit was still available. Although the […]

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Author:
Mark McDowell
Posted:
06.26.2012

Germany Runs Half the Country on Solar Power

During a spell of extremely sunny weather, – on Saturday, May 26 — the solar-energy record by sourcing nearly 50 percent of its daytime electricity needs from sunshine.  According to Germany’s Institute of the Renewable Energy Industry (IWR), solar power plants produced an unprecedented 22 gigawatts of electricity, approximately the same amount generated by 20 nuclear […]

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Author:
Mark McDowell
Posted:
06.18.2012

2012 CoreLogic Storm Surge Report Contains Some Surprises

Which American city is at the greatest financial risk from a hurricane?  If you think it’s New Orleans or Miami, you’re wrong.  According to CoreLogic, a data analysis firm, it’s New York City that is at the greatest risk, both from the number of properties impacted and the dollar value of the damage.  The area […]

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Author:
James I. Clark III
Posted:
06.14.2012

Is the Eurozone Sustainable?

Mario Draghi, president of the European Central Bank (ECB), has asked policymakers to focus their crisis support on solvent Eurozone banks.  “The ECB will continue lending to solvent banks and will keep the liquidity lines active and alive with solvent banks,” Draghi said. World stock markets have lost roughly $4 trillion as European turmoil proliferated […]

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