Articles About Residential

Author:
Tom Silva
Posted:
12.29.2010

Illinois Ranks Dead Last in List of Retirement Paradises

Illinois ranks as the nation’s worst state to retire in,  according to a study by TopRetirement.com. The nine other losers include California, New York, Rhode Island, New Jersey, Ohio, Wisconsin, Massachusetts, Connecticut and Nevada.  John Brady, TopRetirement.com’s president, says the 10 states belong on this list because of their fiscal health (poor), taxation (high) and […]

Read More ›
Author:
Tom Silva
Posted:
12.17.2010

The End Arrives for Chicago’s Cabrini Green

The last residents of Cabrini Green have left the infamous Chicago Housing Authority residential project, long a symbol of the failure of public housing in American cities.   Since the Chicago Housing Authority unveiled its “Plan for Transformation” in 2000, more than 1,700 families have been relocated from Cabrini Green to other housing.  Approximately 50 percent […]

Read More ›
Author:
Tom Silva
Posted:
12.15.2010

Online Christmas Tree Sales Soaring

The annual ritual of heading to the local Christmas tree lot or cut-it-down-yourself farm is giving way to the age of the internet and online buying.   Even Rick Dungey, a spokesman for the National Christmas Tree Association, has joined the trend, saying “I point and click and it shows up on my front door.  For […]

Read More ›
Author:
Mike Ochs
Posted:
12.08.2010

Congressional Oversight Panel Takes on the Foreclosure Mess

Sloppy foreclosure paperwork could upset the nation’s housing market and destabilize the economy in general,  according to a report released by the Congressional Oversight Panel.  This group oversees the government bailout and its statement marks the first time a federal watchdog has issued an opinion on the foreclosure issue.  Consumer advocates and financial analysts had […]

Read More ›
Author:
Tom Silva
Posted:
12.06.2010

The Suburbs Are Anything But Family Friendly

One of the biggest albums of the year is “The Suburbs” by the Canadian group, Arcade Fire, which exposes the dark side of urban sprawl.  The band, fronted by the husband and wife duo of Win Butler and Régine Chassagne have created a concept album as emblematic of our generation as The Wall was for […]

Read More ›
Author:
Mike Ochs
Posted:
11.18.2010

Under Water Homeowners Slow Consumer Spending

Although millions of Americans are paying their under water mortgages on time – sometimes with difficulty — it still could prove to be a source of trouble.  Because home prices are stagnant, many owners are using their hard-earned dollars to pay the mortgage and less on consumer spending.  In the long term, that is not […]

Read More ›
Author:
Randy Thomas
Posted:
11.15.2010

Covered Bonds Could Be a Viable Alternative to CMBS

A financing vehicle that has been used in Europe since it was invented in Prussia in 1769 is finding its way to American shores as a replacement for commercial mortgage-backed securities (CMBS).  The vehicle is known as covered bonds, which is a securitized debt instrument backed by a pool of top-quality assets, primarily mortgages. What […]

Read More ›
Author:
Mike Ochs
Posted:
11.09.2010

Half of Americans Worry About Making Mortgage Payments

A recent Washington Post poll found that 53 percent of all Americans are concerned that they will not be able to pay their mortgage or rent, despite the fact that they believe the economy has shown some improvement since the dark days of 2008.  The worry is driven by slow job creation, said Karen Dynan, […]

Read More ›
Author:
James I. Clark III
Posted:
11.08.2010

Fannie, Freddie Bailouts Could Cost the Taxpayers $154 Billion

The ultimate cost of bailing out Fannie Mae and Freddie Mac could cost as much as $154 billion unless the economy improves, according to a government report.  The mortgage giants rescue – which has kept the housing market on life supports – already has cost $135 billion to cover losses on home loans in default.  […]

Read More ›
Author:
Mark McDowell
Posted:
11.01.2010

Suburban Sprawl’s Impact on the Carbon Footprint

The way America has been built in the last half century has assured that a majority of the population is dependent on the car to get to work, to school, to shop or virtually any place.  This is the opinion of Andres Duany and Jeff Speck, who are city planners and co-authors of “The Smart […]

Read More ›

Categories

Archives