What caused the housing bubble? Wendell Cox, writing in Joel Kotkin’s New Geography blog, identifies one culprit that most analysts have overlooked: “smart growth” regulations. He points out that ...
Stock market investors accept the risk that prices will fall from time to time—sometimes severely—but people who buy a house may assume that the value of their home will never decrease by much.
(Reuters) - Former U.S. Federal Reserve Chairman Alan Greenspan said lower rates on long-term, fixed-rate mortgages and not the Federal Reserve's policies are to blame for the U.S. housing bubble.
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A homebuilder based in the Houston area recently told investors that households earning less than six figures have been “eliminated from the market.” In the past, that would have been a stunning ...