“Clearly Awful News”: UK Subprime Lender Provident Crashes Most On Record, CEO Quits

UK subprime lender Provident Financial Plc crashed the most on record, its stock plunging over 73%, on what analysts called a “quadruple whammy”: a profit warning forecasting a full-year loss, scrapping its dividend, a regulator probe into its Vanquis Bank unit, and the departure of CEO, the aptly..

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Realtors Warn Of “Another Housing Crash” If Mortgage Tax Deductions Are Scrapped

After failing miserably if their efforts to repeal and replace Obamacare, Republicans are set to shift their legislative agenda to focus on tax reform when they get back from their generous month-long August recess (taxpayers are such great employers)…

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U.S. Rent Growth Flatlines As Massive Flood Of New Apartment Supply Finally Takes Its Toll

After a slow and steady march higher in the wake of the ‘great recession’ nearly a decade ago, a note today from Rent Cafe shows that average rents in the United States may have finally stalled in July at $1,350 per month after posting a paltry sequential gain of just 0.1%…

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Toronto Housing Market Implodes: Prices Plunge Most On Record

Until mid 2017, it appeared that nothing could stop the Toronto home price juggernaut: And yet, In early May we wrote that “The Toronto Housing Market Is About To Collapse”, when we showed the flood of new home listings that had hit the market the market, coupled with an extreme lack of affordabil..

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These Are The Cities Where Rent Hikes Leave The Most People Homeless

The idea that rising rents beget increases in a city’s homeless population is nothing new. But in a recent study, Zillow, the online real-estate database company, used a mix of government and proprietary data to examine how much influence an increase in the first variable has on the second…

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