When Bloomberg LP, a popular news and financial information source, first looked at a potential purchase of Mcgraw-Hill’s BusinessWeek magazine, Bloomberg passed on the opportunity. However, BusinessWeek has reported on its website that Bloomberg may have reentered the process of bidding for ownership of Business Week for reasons yet to be determined.
 
BusinessWeek will not accept any bids after September 15, which means that Bloomberg only has a small window of time to decide whether or not it actually wants to enter a bid. The two companies will apparently meet next week so that Bloomberg can get a better idea of …read more

BusinessWeek recently ran an interesting story about homeowners who are paying a whopping 50 percent — or more — of their monthly incomes on mortgage and other housing payments. You can read the story here.

Durin g the housing boom of 2001 through 2006, the prices of single-family homes and condominiums shot up to amazing levels. I remember wondering, once the median sales prices of existing homes raced past the $200,000 mark, how were most people in the United States going to afford a home?

How far is your commute to your job? Is it longer than 40 minutes each way? If it is, don’t be surprised if the value of your home has fallen.

According to Prashant Gopal, a writer for BusinessWeek, the next big real estate crisis will hit the country in April of next year. That’s when hundreds of thousands of adjustable-rate mortgages are scheduled to reset to higher interest rates, and, of course, higher monthly mortgage payments. Expect this to bring on a new round of foreclosure activity.

During this housing slump, we’ve all read that home prices across the country have fallen. But by how much have they dropped?

An interesting story on BusinessWeek, written by Prashant Gopel, says that as it’s getting harder to sell homes, some agents are charging more to guarantee better results.

The court sided with the Massachusetts town of Norwell’s zoning board when it denied a permit to a developer who wanted to tear down an existing house and replace it with one more than twice as large.

The housing slump, and the resulting slowdown in mortgage lending, has been particularly painful for the honest, hardworking mortgage professionals. Thousands have lost their jobs as business dries up.

There’s usually a positive side to everything, even the housing slump. And if you have a million-plus dollars to spend? There’s a big positive.