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REAL ESTATE: CFPB issues their new Ability-to-Repay rule

 > News REAL ESTATE: CFPB issues their new Ability-to-Repay rule On January 10th, 2013, the Consumer Financial Protection Bureau issued an important rule which they consider to be one of their most important rules to date.  It is called the Ability-to-Repay rule.    The reason for the rule is to avoid what partly cause the housing crash …

REAL ESTATE: Manhattan Rent Hikes are Slowing

 > News REAL ESTATE: Manhattan Rent Hikes are Slowing A Bloomberg article published on January 10th, 2013, suggests that Manhattan rent increases have slowed for the third consecutive month in December.  "The median monthly rent rose to $3,150, up 0.8 percent from a year earlier," however, rents are not on "frenzied upward trajectory anymore".  There …