In an e-mailed statement to Treasury Secretary Henry Paulson, California Governor Arnold Schwarzenegger said the State of California may have to turn to the Federal Reserve for emergency funding should $700 billion bailout package fail to pass. "This credit crisis has the power to grind the U.S...
Last week was a big week for news about the housing bubble and the quarterly House Price Index (HPI) report of the Office of Federal Housing Enterprise Oversight (OFHEO) released on March 1 was a good deal more optimistic about price growth than were the Census Bureau and Department of Housing and Urban...
A study released Tuesday by The Center for Housing Policy, the research arm of The National Housing Conference, an affordable housing advocacy group, found that a shrinking number of wage owners can still buy into the housing market. Perhaps even more alarming is the number of vital workers who are unable...