Posts Tagged ‘Detroit’

TROTTER: What lessons can be learned from Detroit?

by Ike Trotter Published: August 9,2013

Tags: Banking & Finance, Chapter 9 bankruptcy, Detroit, Ike Trotter, personal finance

On July 18, Detroit became the largest American city to file for Chapter 9 bankruptcy. A city once having a population of some 1.8 million has whittled down to less than 700,000. What will happen to the pensions of its 20,000-plus retired public employees? There is for sure the distinct possibility they could be reduced […] [...]

U.S. housing prices still declining but at slower pace

Oxford real estate data firm FNC’s Residential Price Index(RPI) released Wednesday indicates that U.S. residential property values declined in December amid signs of continued improvement in the job market and economic growth. With sales of distressed properties comprising a large portion of overall home sales, prices on non-distressed sales continued to reflect the downward pressure […] [...]

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