Monthly Archives: March 2014

How Much Real Estate $1 Million Buys You in Every Major U.S. City

Written on March 19, 2014 at 2:24 pm

How much housing you can buy with a million dollars very much depends on what city you are looking to buy in.  According to Knight Frank data cited by CNBC’s Robert Frank, a million dollars goes a lot further in Cape Town, South African, than it would in Monaco.  But what about in the U.S.?  Read More Read More...

New legislation capping flood insurance premiums

Written on March 6, 2014 at 5:48 pm

House Passes U.S. National Flood Insurance Change: The U.S. House passed legislation trimming premiums for government-sponsored flood insurance that proponents say have dampened real-estate markets in coastal areas.  Source: Bloomberg news article By James Rowley Mar 4, 2014 7:06 PM ET.  Read more >> Read More...

A Nonprofit Lender Revives the Hopes of Subprime Borrowers

Written on March 6, 2014 at 2:09 pm

“. . . the Neighborhood Assistance Corporation of America, has $10 billion in funding from Bank of America to make loans on its own terms over the next decade. It does not require down payments. It does not consult credit scores. Its loans all carry interest rates below 4 percent.  It has enough money to mint  Read More Read More...