Poverty has been rising even faster in the suburbs than it has in cities -- about five times faster, according to the Brookings Institute. To help understand this phenomenon, 24/7 Wall St. has analyzed the 10 metropolitan areas with the highest rates of poverty in their suburbs.
With interest rates dipping to historic lows, many homeowners are refinancing their mortgages to shorten either the terms of their loans or their monthly payments. Here's what you need to know to decide whether refinancing now is right for you.
With the Standard & Poor's downgrades, the declining stock market, the flat employment figures and Europe's fiscal woes, you might not expect much optimism in the housing market just now. But a few major metropolitan areas should see price increases in the next year, according to a new report.
Even before the latest stock-market plunge, U.S. consumer confidence was already sliding downward, according to a Fannie Mae survey released Monday. Some 70% of respondents say the economy is heading in the wrong direction.
In a surprising twist, some of the best housing numbers in eight months surfaced Tuesday. But is it all good? We checked in with AOL Real Estate Editor in Chief Laura Goldstein for some insight about what the latest data really means.
Everyday expenses have a direct effect on the price of doing business, which is why CNBC measures the cost of living when it does its survey of the top states for business. So where would a business find a state where the cost of living is low? The survey results point to the South.
The long term isn't looking good for the greenback: Central bank managers don't see it keeping its status as the world's reserve currency. The short term's not looking so hot for the U.S. economy either: Housing prices are down another 4% year over year, and confidence is falling.
For nearly two years, economists and real estate experts have been on the lookout for the bottom of the housing market. That time is here, says Russell Price, a senior economist with Ameriprise Financial, a financial services company.
If you're looking to score a great deal on a house, you may want to wait a bit longer: U.S. home prices dropped 3% in the first quarter, their sharpest quarter-over-quarter decline since late 2008, according to real estate tracking service Zillow, which now says prices won't begin to rebound until at least 2012.
Home sales have started to rebound, with half the nation's markets experiencing price gains in the last quarter of 2010. They weren't great gains, but they were progress. Here's what the latest moves mean for buyers, for sellers and for the U.S. economy.
Home prices declined slightly in January from last year, but the pace of the price declines has slowed, according to S&P/Case-Shiller's Home Price Indices, a monthly report that monitors residential home prices in 20 metro areas across the U.S.
