Economy
The economic recession of 2007-2009 affected most Americans in depressingly real and tangible ways. Two groups of Americans are disproportionately affected, still, by the downturn. A new study by Apartment List shows that the economic downturn had the greatest impact on homeownership among minorities and young Americans aged 18-45, particularly those in the 35-44 age range. Analysts at Apartment List,…
Their clothing and shoes (and jewelry! yes jewelry!) make us happy, but a little doom and gloom is hanging over Neiman Marcus after the retailer’s Tuesday morning earnings call this week. And if you are in the business of pushing luxury products, like million dollar homes or vacation homes, you pay attention. The take-aways: it’s…
There’s no doubt that Dallas-Fort Worth is one of the hottest real estate markets in the U.S. Zillow recently named it No. 3 in the country, noting a 4 percent unemployment rate and solid income growth. Additionally, the Zillow Home Value Forecast predicts the Dallas-Fort Worth median home value will go up by 5.6 percent in 2016. But some housing analysts and mortgage…
The story broke in The New York Times today, and it only affects Manhattan and Miami real estate right now… but get ready. The Feds are tired of cash buyers who hide their identities in “shell ownership” of luxury real estate. I, for one, am happy as it is so hard to chase down ownership…
It’s the end of December, so brace yourself for the onslaught of crystal ball-wielding, looking-forward-looking-back pieces from just about every blog and website out there. Of course, CandysDirt.com is no exception. We looked at the latest reports, and it looks like the housing market in December has been slower than molasses in January, perpetuating the…
