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Houston: Drop in property values gives city bigger fiscal headache

As if nosediving sales tax revenues and a looming budget deficit were not enough, a swathe of successful lawsuits from business owners protesting their property values have handed Houston City Council another fiscal headache. Mayor Sylvester Turner lamented what his finance director projects as a $16 million drop in property tax collections during the current […]

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US:The Housing Market Finally Has Some Traction

The housing comeback from the Great Recession has been long and slow. Now, finally, it looks as if we are finally getting some traction. Mortgage lending is strong, and that’s a good sign for both the economy and the stock market. The banking sector is one immediate beneficiary. There are others, including homeowners, naturally. Banks’ […]