NJ Topics Housing

John Boehner and Eric Cantor

House Committees Kick Off Least Productive Session in More Than a Decade

Besides oversight hearings, House panels are getting very little done.
Houston skyline

Why Houston is America's #1 Job Creator

The city's recent success is a masterclass in learning from history. 
American dream

The American Dream, Downsized

The middle class now worries more about holding on for dear life than about climbing the ladder to riches. 
Nicole Current

Stability and Security: Relics of the Past?

Like so many other autoworkers, Nicole Current had a stable job and a $70,000-a-year lifestyle. Then everything changed. 
Youth unemployment

Millennials Are the Unluckiest Generation

Entering the workforce during a recession puts young people behind from the start. 
Yamaha Motor Corporation USA's RMax

What Drones Can Do for You

Prescription drugs, fast-food delivery, disaster relief—unmanned aerial vehicles can be handy in all sorts of ways. 
Unemployment in DC

Has Obama Done Enough for Black Americans?

For many, this is still a land of unequal opportunity. A history-making president may not be enough. 
Netanyahu and Obama

Personal Frictions Loom Over Obama's Trip to Israel

It is widely believed that this American president and Israeli prime minister simply don’t like each other. And the personal always has a bearing on the policy.
Wells Fargo

Report: Threat of Foreclosure on Calif. Homes Disproportionately Affects Minorities

Leading mortgage lender Wells Fargo is urged to be more transparent about relief reporting and to grant more principal reductions.
Paul Ryan budget

House Republican Budget Offers More of the Same

By unveiling a budget blueprint that would erase the deficit in just 10 years, House Republicans sought on Tuesday to make that goal the gold standard and bare minimum for all future budget battles between the two parties.
Laura Richardson

Past Deadline, Laura Richardson Still Hasn’t Paid Her Ethics Fine

Laura Richardson has a troublesome new debt—this time with the ethics authorities.
Foreclosure

Opinion: Have Mortgage Settlements Left Communities of Color Behind?

On the one-year anniversary of the $25 billion national mortgage settlement, questions remain about the implementation and the affect on communities of color.
Lehman Brothers Meltdown

Can Washington Break Its Addiction to Crisis Economics?

The country has lurched from one emergency to the next since 2007. Amid a rare lull, here's a modest plan of action for Congress and President Obama.
Aretha Franklin

The Inauguration? Meh.

The first time was special. Four years later, Barack Obama is a politician who represents "continuity and an unrealized dream."
Payroll Tax

What Did Congress Do for You This Year? 10 Bills the 112th Passed

You wouldn’t know it from the rhetoric in Washington, but Congress actually passed a few bills this year.
Lighthouse

The People, Not Washington, Will Solve America's Everyday Problems

Beyond the fiscal cliff, entitlement reform, and a tax overhaul, a host of other issues continue to vex Americans. They include burgeoning traffic, the shrinking pool of affordable housing, escalating gun violence, and the rising invasion of online privacy.

How much further can the housing market sink?

Home prices have plunged by about one-third since the peak of the housing bubble, according to the S&P/Case Schiller composite index of 20 major cities. Sales of new and existing homes slumped again after the expiration of the Home Buyer's tax credit. And on Monday, Corelogic reported that 22.5 percent of residential properties were underwater in the third quarter, meaning the mortgage was higher than the property's resale value. All this at a time when the Federal Reserve has pushed mortgage interest rates down to nearly all-time lows.

What Can Be Done for the Housing Market?

How much further can the housing market sink? When will it begin to rebound?
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