FHA Says 'Flippers' Free to Play Through 2012 By Les Christie, CNNMoney, Jan. 3, 2011 Flippers, the real estate investors who buy homes on the cheap and quickly resell them at a profit, just got a reprieve from the Federal Housing Administration. In an effort to help stabilize housing prices...
New round of foreclosures threatens housing market March 12, 2010 — Washington Post The housing market is facing swelling ranks of homeowners who are seriously delinquent but have yet to lose their homes, and this is threatening a new wave of foreclosures that could hit just as the real estate...
Recession eases; GDP dip smaller than expected July 31, 2009, Associated Press WASHINGTON – The economy sank at a pace of just 1 percent in the second quarter of the year, a new government report shows. It was a better-than-expected showing that provided the strongest signal yet that the longest...