In a historical context, home prices typically increase about 3 to 4 percent a year. But in the years preceding the housing crash, prices in 2002 started soaring 7 percent a year, then 8 percent in 2004, and 12 percent by 2005, CNBC.com reports. A “new bubble” may be forming, CNBC columnist Diana Olick writes. [...]
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Declining property values are preventing some homeowners from taking advantage of today’s historically low interest rates and refinancing. Many homeowners nationwide have either no equity or are in a negative equity position in their homes. This leaves them with two options for refinancing, paying extra at the closing or what’s known as a cash-in [...]
Let the games begin! Now we again start the political cam-pain season and this little video has taken the internet by storm. It’s on the top ten twitters on Twitter. The ad, released this week by California republican candidate Carly Fiorina, takes aim at her primary opponent Tom Campbell. Ms Fiorina’s ad shows a human [...]
