Press Room

Dip in Home Prices

This morning The Dallas Morning News Reported, home prices took another dip in the latest measure of the U.S. housing market. Local home prices fell 3.4 percent in April from a year earlier in the Standard & Poor’s/Case-Shiller home price index released Tuesday. Also Online Map: Dallas-Fort Worth home sales and prices The local decline...

Vacant Homes in U.S.

The Dallas Morning News Reported, The percentage of vacant homes for sale in the U.S. set a new record high in the first quarter of this year, the government said Monday. The Census Bureau report shows that 2.9 percent of U.S. homes – excluding rental properties – were vacant and up for sale, compared with...

Frontier Airlines Files Bankruptcy

Dallas News Reported – Denver-based Frontier Airlines Inc. became the fourth U.S. airline in less than a month to file Chapter 11 bankruptcy papers Friday, joining Aloha Airlines Inc., ATA Airlines Inc. and Skybus Airlines Inc. However, Frontier will continue flying its airplanes, the carrier said, unlike the other three which have grounded their aircraft...

Senate Agrees on Bill to Ease Foreclosures

Senate leaders announced an agreement Wednesday on legislation to ease the slumping housing market and help millions of families threatened by foreclosure. The scaled-back proposal released by Majority Leader Harry Reid, D-Nev., and GOP Leader Mitch McConnell of Kentucky contains an amalgam of ideas aimed at boosting demand for housing and helping homeowners saddled with...

Bankruptcy More Common with the Economic Decline

When she was laid off in February, Patricia Guerrero was making $70,000 a year. Weeks later, with bills piling up and in need of food for her family, this middle-class mother did something she never thought she would do: She went to a food bank.  It was Good Friday, and a woman helping her offered...