I am 63 and recently got laid off after 31 years with a Fortune 500 company. Considering the economy here and overseas, why would stocks increase in price? We have a record national debt, and the Federal Reserve prints $85 billion of new money every month and gives it to the banks that won’t lend it to consumers, who are charged $49 to bounce a check.
The capital-gains tax, mortgage-backed securities, small-business concerns, banking stability, interest rates, the “fiscal cliff,” the mortgage-interest deduction — and jobs, jobs, jobs. When they consider what the outcome of Tuesday's presidential election might be, those are but some of the issues that Charlotte-area builders, developers and real estate agents bring up.
The Obama administration is clamping down on excessive pay at public housing authorities, setting caps that extend and expand limits imposed by Congress.
President Barack Obama called on Congress Wednesday to make it easier for millions of additional homeowners to refinance their mortgages at lower interest rates even if they owe more than their homes are worth.