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...What else we’re reading Housing shortage risks breaking the American dream Rising interest rates are making housing in the US even less affordable....
...lowest level since first tracked by the University of Michigan in 1952....
...Other towns that feature regularly on Cheap Old Houses — Pittsburgh in Pennsylvania, Detroit in Michigan and Dayton, Ohio — have similar stories....
...Mr Malpass’s hiring launched a fifteen-year career at Bear, which set the stage for the 62-year-old Michigan native to take a senior role in the US Treasury under Mr Trump, and this month, to be tapped by...
...The only real beneficiaries will be the richest corporations in the world, like Apple, which as I cover in my column this week, tells you everything you need to know about the market....
...One new funding channel has emerged in the form of offshore rupee-denominated “masala bonds”, of which Housing Development Finance Corporation became the first issuer last year, and which Mr Goyal has promised...
...Architects Marlies Rohmer’s floating houses at IJburg are perhaps the most elegant and intelligent waterside housing of recent years....
...But Laurie Goodman, co-director of the Housing Finance Policy Center at the Urban Institute, a liberal think-tank, argues that other factors have had a greater effect....
...Taken together, India now boasts more than half a dozen groups with valuations above $1bn, including mobile advertising group Inmobi, analytics specialist Mu Sigma and travel site MakeMyTrip....
...Few on Capitol Hill thought that Mr Camp, a mild-mannered 60-year old congressman from central Michigan, had it in him to go all the way on tax reform, especially since he has received only tepid backing...
...Risky loans were “disproportionately” sold to black borrowers in the Detroit area, the ACLU claimed, in violation of the Fair Housing Act, which bans such discrimination....
...The Reuters/University of Michigan’s consumer sentiment index rose to 74.3 in August from 73.6 the month prior. Analysts had forecast a level of 73.6....
...Paul, while hoping a man of Rupert’s years avoids such an act in public, asked: what should we make of the WSJ’s story on Tuesday that News Corporation, the Murdochs’ parent company, is considering splitting...
...Higher prices and falling real incomes caused the Michigan consumer sentiment survey to decline this month....
...The number of megacities (those with a population of 10 million or more) will have increased from two in 1950 to 27 by 2025, housing 450 million people between them....
...Instead, headline corporation tax rates are being lowered in many countries....
...Michigan (48 per cent) and California (42 per cent) round out the top five states....
...Separate data showed that US housing starts fell again in September to their lowest level in nearly half a century, indicating that the housing sector is still far from bottoming out....
...But it is too soon to call an end to the housing crisis....
...The recent housing and construction boom brought financial services back to Los Angeles....
...Allergan, maker of Botox – the wrinkle remedy with expected sales of $1.2bn in 2007 – studied the markets worst hit by the housing and jobs slowdown late last year – including California, Florida and Michigan...
...Now, as these companies struggle through the housing slump, lenders such as PFF are feeling the pinch....
...“Historically, Ford has been the most political of the three domestic corporations,” says Dennis Virag, president of the Automotive Consulting Group. “Mulally saw that very quickly....
...We do have to address the housing crisis and the credit crunch....
...And she endured terrifying nightmares that put her back on the Thai island of Ko Phi Phi, trapped against the wall and watching the water level rise....
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