The Death of Retail: 77 Million Square Feet of Shopping Space Shuttered So Far in 2018

The Retail Real Estate Glut Is Getting Worse Stores have announced the closing of 77 million square feet of shopping space so far this year The fall of the Toys “R” Us chain, with more than 700 U.S. stores, shows how much retail real estate has changed in just the last decade. When KKR & … Read more

Subprime Mortgages Make a Comeback with a New Name and Soaring Demand

“It will allow its borrowers to have FICO credit scores as low as 500. The current average for agency-backed mortgages is in the mid-700s. Borrowers can take out loans of up to $1.5 million on single-family homes, townhomes and condominiums. They can also do cash-out refinances, where borrowers tap extra equity in their homes, up … Read more

Latest Google News

Latest Google News Google cannot resist the temptation to show programmers all its latest and greatest technology. It has introduced a variety of technologies from brand new mobile payments systems to virtual reality camera. Google has introduced the Android M. It is the next iteration of Google’s operating system. It runs on about 79% of … Read more

The End is Near! Debtors Have Stopped Paying on their Mobile-Home Loans

People have stopped paying their mobile-home loans, and it’s a warning sign for the economy Delinquencies on mobile-home loans have increased by 2 percentage points over the past year, according to research cited by UBS. The rising delinquency rate, combined with signs of stress in other areas of the consumer-finance market, suggests there’s a two-speed … Read more

Fidelity National Financial: Shocking Numbers Could Kill Title Insurer Merger

“This much seems clear: Premiums are growing fast, to $14.8 billion in 2017  from $9.4 billion in 2011, according to data The Palm Beach Post requested from an industry group, the American Land Title Association. That included more than $1.4 billion in premiums in Florida last year. Yet the share of premiums spent to cover … Read more

How Much Income You Need to Afford the Average Home in Every State in 2018

How Much Income You Need to Afford the Average Home in Every State in 2018 The housing market has not only recovered its pre-recession levels, but some observers are actually starting to worry about yet another housing bubble. Housing prices are on the rise, thanks in large part to extremely tight inventory, so it’s worth … Read more