Here come the newbies: First-time buyers drive housing market – Newfoundland … ( Admin posted on July 28th, 2015 )

It may surprise some real estate armchair quarterbacks but the St. Johns market has been holding steady during the recent economic slip due to oils price tumble.

It also may surprise them that in this so-called buyersmarket,its first time home-buyers who are leading the charge.

Take Becky Winsor, 26, who earlier this year became a homeowner.

For Winsor, the market conditions had changed enough to persuade her topull the trigger and buy her first home.

All the agents I talked to said that the interest rates were pretty good at this point,and the housing prices probably werent going to fall any more, she told me.

Buyers like Winsor have been able to get into...

Were You a First-Time Home Buyer in 2014? Here Are 7 Money-Saving Tips ( Admin posted on July 27th, 2015 )

Photo: Mark Moz, Flickr

Buying a new home is an especially exciting event for a first-time home buyer. In 2014, first-time home buyers made up the smallest portion of home buyers in 27 years — 33% — but there were still millions of them. If youre one, be careful that you dont get carried away and end up spending more than you should.

Here are some money-saving tips for first-time homebuyers — and others, too, who may be setting up a new home:

Dont think of your home as an investment
Many first-time home buyers mistakenly think of their homes as investments. Thats not ideal, because real estate isnt the best path to wealth for most of us. Nobel-prize-winning...

After the crash, can biologists fix economics? ( Admin posted on July 27th, 2015 )

Moulding the future of economics (Image: Matt Murphy/Handsome Frank)

THE GLOBAL financial crisis of 2008 took the world by surprise. Few mainstream economists saw it coming. Most were blind even to the possibility of such a catastrophic collapse. Since then, they have failed to agree on the interventions required to fix it. But its not just the crash: there is a growing feeling that orthodox economics cant provide the answers to our most pressing problems, such as why inequality is spiralling. No wonder theres talk of revolution.

Earlier this year, several dozen quiet radicals met in a boxy red building on the outskirts of Frankfurt, Germany, to plot just that. The stated...

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Behavioural economics: The limits of nudging | The Economist ( Admin posted on July 27th, 2015 )

The report reveals that, embarassingly slowly, governments around the world are cottoning on to two ideas. First, they need to take into account the behaviour of the people they affect. Second, in the words of Richard Thaler, one of the top dogs in behavioural economics,we can’t do evidence-based policy without evidence.

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Paleo-Economics Shaped Our Moralities (Evolved Social-Coordination ‘Tech … ( Admin posted on July 26th, 2015 )

Errors We Live By
Paleo-Economics Shaped Our Moralities (Evolved Social-Coordination #x27;Tech#x27;)

by Jag Bhalla

Paleo-economics shaped our moralities. Like our languages, our moralities are evolved social-coordination technologies.

1. By ~ 10,000 generations ago, our survival became a team...

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Former UC Berkeley economics department chair Maurice Obstfeld to join … ( Admin posted on July 26th, 2015 )

UC Berkeley economics professor Maurice Obstfeld will join the International Monetary Fund as its new chief economist, according to a Monday announcement.

Obstfeld, currently on leave from UC Berkeley while serving on President Barack Obama’s Council of Economic Advisers, will counsel the IMFs¬†188 member countries and oversee its research as part of his new position. He will replace current Chief Economist Olivier Blanchard beginning in September.

In a press release from the IMF, Managing Director Christine Lagarde said Obstfeld’s position is “of fundamental importance” to the organization, as he will provide policy analysis and advice to its member countries.

“People...

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Quartz Weekend Brief—Japan and the FT, CrossFit economics, postcapitalism … ( Admin posted on July 26th, 2015 )

The length of an apologetic bow from a Japanese executive is a pretty good gauge of his embarrassment. And the 15-second bow by disgraced Toshiba CEO Hisao Tanakawho resigned this week over a $1.2 billion accounting scandalwas a doozy.

It was only the latest uproar in corporate Japan recentlysee also the deadly safety lapses at air-bag maker Takata, a botched restructuring at Sharp, and fines for breaking sanctions at Bank of Tokyo-Mitsubishi.

All of which casts Nikkeis $1.3 billion acquisition of the Financial Times in a potentially troublesome light. The paper has a reputation for hard-hitting business coverageand it has not been shy about detailing the shortcomings of the Japanese...

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Home economics… answering your property questions ( Admin posted on July 26th, 2015 )

Our property expert advises on the tax implications of a tax free loan and how rental profits are split between property owners.

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Clinton scolds Times and short-sighted economics | Capital New York ( Admin posted on July 26th, 2015 )

Hillary Clinton began a Friday afternoon speech about the way the United States does business by dealing with some business of another sort.

“First I want to say a word about what’s in the news today,” she said, placing her hands on either side of a podium at the NYU. Stern School of Business.

On its front page Friday morning, The New York Times reported that two inspectors general want the Justice Department to begin a criminal investigation into Clinton’s handling of “sensitive information” as secretary of state, when she relied on a private email account for work purposes.

There were, she said, “a lot of inaccuracies.”

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REBECCA HOLLOWAY: Government schemes for first-time home buyers and … ( Admin posted on July 25th, 2015 )

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HELP to Buy is a government-backed scheme that means you could move home with a deposit as low as five per cent.

Whether youre buying your first home or moving up a rung, there are a few things you need to know. Help to Buy is administered through the Homes and Communities Agency (HCA) and is designed to help first time buyers buy their first property and home movers on new build homes with a purchase price of up to pound;600,000.

Providing you have you at least a five per cent deposit you could use the Help to Buy scheme through:

Equity loans available if youre buying a newly built home. You can borrow 20 per cent of the purchase...

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