by Dan Polimino | Oct 14, 2008 | Luxury Market
U.S. Treasury Secretary Henry Paulson reportedly is fast-tracking a plan to guarantee debt issued by banks after a similar move was made by European policy makers over the weekend. Such a step would be part of a three-pronged strategy to free up credit markets that...
by Dan Polimino | Oct 13, 2008 | Luxury Market
Quite a few folks responded to my column entitled “The Credit Collapse Blame Game.†And that’s a good thing. It’s always nice to know someone’s listening, whether you agree with me or not. In response to your comments, I have a couple...
by Dan Polimino | Oct 10, 2008 | Luxury Market
Rising home prices, increased housing costs, and today’s tightened mortgage market have put homeownership out of reach for many working families. In fact, nearly 40 percent of Americans believe there is a shortage of available affordable housing, according to...
by Dan Polimino | Oct 8, 2008 | Luxury Market
Bank of America on Monday said it is launching a “home retention program” on Dec. 1 to modify troubled mortgages for nearly 400,000 customers of Countrywide Financial Corp. Bank of America acquired Countrywide on July 1. The program, which can reduce up to...
by Dan Polimino | Oct 8, 2008 | Luxury Market
Prices are holding up nicely in the ZIP codes of the rich and famous. Forbes magazine examined the top 100 most expensive ZIP codes in the United States and concluded that most saw strong price appreciation in the last 12 months. Here are the top-10 most expensive ZIP...
by Dan Polimino | Oct 6, 2008 | Luxury Market
These past few weeks we’ve witnessed a collapse of credit in this country like most of us have never seen. Former Federal Reserve Chief Alan Greenspan in a recent interview called it a “once-in-50-years event.†Greenspan failed to mention that...
