ARCHIVED BLOG POSTS

2011 

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Despite government efforts to stimulate the economy, many homeowners are facing the one-two punch of unemployment and looming mortgage payments. As of the beginning of July 2011, the official unemployment rate still hovered around 9.2 percent (with the U-6, the most complete measure of unemployme...
07/29/2011

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As the housing crisis continues and home values remain stagnant, more and more people are being pushed into renting. And while this is terrible news for those who are currently enterting foreclosure proceedings, or have already lost their homes, the upward trend for the rental market creates an o...
07/28/2011

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No stranger to controversy, it seems R&B singer/songwriter, superstar R. Kelly is facing foreclosure on his Chicago home. How can this happen when his net worth is estimated to be in the neighborhood of $150 million? On My CBS Moneywatch Home Equity Blog, I explore some popular theories behind hi...
07/27/2011

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With the global economy showing signs of stability, international conglomerates are more interested in expanding overseas. A survey from Brookfield Global Relocation Services concludes, 61 percent of international businesses are expecting to transfer employees in 2011, a number much higher than r...
07/25/2011

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Are current FHA loan guarantees bloated, obsolete, and no longer useful in serving its traditional target audience of first time, minority and low-income homebuyers? George Washington University’s Center for Real Estate and Urban Analysis (CREUA) released a study, co-authored by Anthony Yezer and...
07/22/2011

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As big businesses struggle in this economy, more people take the leap to self-employment. The perks are many: being your own boss, keeping all your profits, working on your own schedule. But there are also potential financial pitfalls. On today's Equifax personal finance blog, tax expert Eva Rose...
07/21/2011

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In the midst of the foreclosure crisis, some feel at the mercy of their banks. When a homeowner is defaulting on their mortgage, every fee and charge from loan services can seem severe. Well, some complaints apparently weren't so unreasonable. And today, they were answered. Earlier, a press relea...
07/20/2011

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Imagine living where American classics were written such as In Cold Blood, Breakfast at Tiffany's a nd Beloved. If you're looking for inspiration, look no further than these tried and trued residences. In my CBS Moneywatch blog, I give you the scoop on Toni Morrison, Truman Capote and Norman Mail...
07/19/2011

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If you live in a household with roommates, single parents, your unmarried partner or your grown children, congrats! You're the new normal. Today on my CBS MoneyWatch blog, I take a look at how evolving social norms and an unsteady economic recovery are affecting household makeup and real estate p...
07/18/2011

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With home values declining and first-time buyers still facing an uphill battle, it's easy to fall into debt. Getting out, however, is not so easy. On today's Equifax personal finance blog, CredAbility expert Mechel Glass has written an excellent post on how to get out of debt for good. While many...
07/18/2011
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