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  • July 25, 2014
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  1. Property - International - UNITED STATES

    US recovery falters as forecasters expect drop in sales

    Posted Jun 25th 2014, 01:30am by Bloomberg

    ... to keep up," said Richard Hastings, a consumer strategist at Global Hunter Securities. "The pool of eligible new buyers is collapsing" because of stagnant incomes and lack ... average 4.5 per cent, up from 4 per cent last year. As prices climb, the ability of Americans with stagnant wages to buy homes wanes. The median household income rose less than 1 per cent last ...

  2. News - World - UNITED STATES

    77,000 foreign banks agree to share tax information with United States

    Posted Jun 03rd 2014, 10:07am

    ... Associated Press It will soon get a lot harder to use overseas accounts to hide income and assets from the US tax collectors. More than 77,000 foreign banks, investment funds and other financial institutions have agreed to share information about US account holders with the Internal Revenue Service as part of a crackdown on offshore tax evasion, the United States Treasury ...

  3. News - World - UNITED STATES

    Growing numbers of Americans renounce United States citizenship

    Posted Apr 28th 2014, 05:04am by AP

    ... the income of non-American spouses, and decisions by some European banks to close accounts of US citizens or deny them loans. Decisions to renounce "are driven by a whole range of emotional ...

  4. Property - International - UNITED STATES

    Rising mortgage rates hammer US housing sales

    Posted Apr 30th 2014, 05:50am by Bloomberg

    ... affordability is still 25 per cent above the average since 1986, based on the trade group's composite index, which measures housing costs, household income and interest rates. It was too early ...

  5. Property - International - UNITED STATES

    Dismantling Fannie Mae and Freddie Mac would dent US housing recovery

    Posted Mar 19th 2014, 05:14am by Bloomberg

    ... rates, according to Credit Suisse analysts. The plan also would eliminate a mandate that a percentage of mortgages go to lower- and middle-income families, threatening to decrease America's ... to participate." Fannie Mae was established in 1938, near the end of the Great Depression, to boost homeownership by making mortgages more available for low- and moderate-income borrowers. Along ...

  6. News - World - UNITED STATES

    McDonald's employee accused of selling heroin in Happy Meal boxes

    Posted Jan 31st 2014, 02:36am by MCT

    ... batches stamped “Theraflu,” “Bud Ice,” and “Income Tax” that have been blamed for as many as 22 overdose deaths in Western Pennsylvania since Jan. 19, Manko said. He added that it was unknown how ...

  7. Property - International - UNITED STATES

    US homeowners look to peak spring season to claw back equity lost in 2007 crash

    Posted Feb 12th 2014, 04:29am by Bloomberg

    ... but it won't make the market more affordable. Once prices reach their natural state, future price appreciation will depend on income increases." The US gained 74,000 jobs in December, the fewest ...

  8. Property - International - UNITED STATES

    Rising supply, waning demand cool United States house bidding wars

    Posted Nov 20th 2013, 05:12am by Bloomberg

    ... buyers are pulling back in the cities with the fastest price growth, said Sam Khater, senior economist for CoreLogic. In most of those areas, prices are outpacing gains in buyer incomes, he said. In California, which accounts for about 10 per cent of US home sales, buyers now need a minimum income of US$89,170 to purchase a median-priced, single-family home, and have to earn almost twice as much ...

  9. Property - International - UNITED STATES

    US housing recovery could stall if the government shutdown continues

    Posted Oct 09th 2013, 12:00am by MCT

    ... oversees the agency. For now, the FHA- traditionally an insurer of loans to first-time and low-income buyers- will continue to endorse new single-family loans. The agency currently insures about 26 ... applications, Gumbinger said, expecting the shutdown will end soon. Most lenders use IRS transcripts of borrowers' tax filings to confirm their income and ability to pay. "A few days' ...

  10. News - World - UNITED STATES

    Asian immigrants in US tend to live in ethnic suburban enclaves and earn more, study finds

    Posted Jun 27th 2013, 12:00am by AFP and BLOOM

    ... immigrants tend to live in highly segregated enclaves and their income level is often higher than that of white Americans, a new US study finds. The nearly 18 million Asian immigrants to the US ... were the most economically advantaged, and that Vietnamese had the lowest incomes and least education among Asian groups. Vietnamese nevertheless tended to live in neighbourhoods about on par ...




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