In five years, China's shadow banks have increased credit from 120 to 190 percent of GDP—a bigger run-up than the U.S. housing bubble.
It's time for Fannie Mae, Freddie Mac, and their regulator to embrace principal reduction
The freewheeling opportunity associated with 20th-century California was not available to black residents, and that exclusion reverberates in our neighborhoods and communities today.
San Francisco’s Candlestick Park is nearly gone. Only a few sections of the 55-year-old stadium remain standing as a months-long demolition is underway, making room for a new mall and housing units.
Comparing housing prices in Los Angeles and Dallas, Virginia Postrel finds that Angelenos pay a premium for the right to build on their land. The result: houses that cost roughly $300,000 more than their equivalent in Texas.
Inside a port of entry facility in Tornillo, Texas, temporary housing has been built for the newly overflowing population of unaccompanied minors and the children of detained migrant parents, under the new “zero-tolerance” policy.
What Seattle’s dark streets tell us about crime