Now we have a new dip in home prices, which is putting more borrowers in a negative equity position. There is more concern of more borrowers hitting that "stress threshold," as one panelist put it, where they just quit paying on their loans.
One year after the auto industry was hit by parts and components shortages following an earthquake and tsunami in Japan, automakers are scrambling to avoid a repeat of what happened last year.
Global competition has decimated U.S. manufacturing. But writing off Detroit and other rust towns is premature. Community leaders are proving sturdy American plants that once made cars and auto parts can be repurposed for vibrant, second lives.
Donald Trump told CNBC Tuesday the Florida real estate market is coming back, and not just because he bought the Doral Country Club in the middle of Miami.
Barely a few minutes after reading an article in the Wall Street Journal about banks finally opening the "spigot for commercial real-estate," the folks over at Trepp issued their monthly report on the delinquency rate for commercial mortgage backed securities (CMBS); let's just say it isn't good.
The next catastrophe in residential real estate may be caused by the government's solution to the last catastrophe in residential real estate—and this time tax payers are directly on the hook for the losses.