Tag Archives: budget

Obama: $943 Million May Be Needed to Bail Out Federal Housing Administration

| April 12, 2013

President Barack Obama recently announced that the Federal Housing Administration may need a bailout to the tune of $943 million in taxpayer money to keep the agency afloat. If this were to happen, it would the first time in FHA’s 80-year history that the government-based mortgage insurer would need a bailout. The FHA is taking […]

Sales of Luxury Homes Multiplied at the Close of 2012

| January 9, 2013

Sales of luxury homes rose significantly within the final months of 2012. According to the National Association of Realtors (NAR), the sales of homes priced at $1 million or higher grew by 51 percent in November, compared to the previous year. In addition, sales of homes in Manhattan, valued at over $10 million, rose 44 […]