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Increasing Home Values Lift 1 Million Homes from 'Underwater' Status

Pro Builder

Chicago, Philadelphia, and New York experienced the largest declines in underwater homes during that period, reports National Mortgage News. There remain pockets of the country where housing debt-traps are widespread. Housing Policy + Finance. Now, with home values up, there remains 2.25 million at the end of 2019.

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U.S. CRE Turning Around In 2014, According To New PwC/ULI Report

Buisness Facilities Contributed Content

As a result, the report anticipates that 2014 may be the year that many investors who have traditionally focused mainly on large established markets such as Boston, Chicago, Los Angeles, New York City, San Francisco and Washington, will be expanding their focus to other cities in order to protect capital.

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Crystal Ball 2014

Business Facilities

– White House blames Internet crash on Miley Cyrus twerking video. – Amazon test drone shot down over New Hampshire house by man wielding 12-guage shotgun. – “Rounding error” in Paul Ryan-Patty Murray federal budget deal adds $2 trillion to national debt. 1 on NY Times bestseller list.

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Centers of Technology: The Future Is Now

Business Facilities

After microchips became the central components of an emerging digital economy, one of Moore’s successors at Intel updated the theorem and applied it to silicon wafers; Intel exec David House declared that chip performance would double every 18 months. CHICAGO AIMS FOR THE TOP OF THE TECH CHART. Photo: tedescopictures.com).

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constructionattorneyblog: Waivers of liens: fraud

Construction Lawyer

Werner Sabo is a partner at the construction law firm of Sabo & Zahn in Chicago. He is a member various professional organizations, has been an officer and director of the Chicago Chapter AIA, President of the Chicago Chapter, Construction Specifications Institute, and writes a regular construction law column for The Construction Specifier.

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Are There Lessons From the Great Recession for the COVID-19 Pandemic?

Pro Builder

Many builders reported that last December was unusually busy, the best in years for housing starts and contracts. Jeff Benach, co-principal at Lexington Homes, in Chicago, says his team regularly examines financial scenarios to forecast what the numbers could look like if sales declined by 10%, 20%, and so on. Then, poof!

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Is the U.S. Officially in a Recession? Economists Weigh In

Pro Builder

But even if it’s not officially called a recession, CNBC reports consumers are still struggling with higher prices and nearly half of Americans say their debt is increasing. Housing Policy + Finance. And the National Bureau of Economic Research has not determined that the country is in a recession, either. economy is going.

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