In a finding likely to have significant implications for both the commercial and residential real estate markets, nearly 4.2 million people "usually" worked at home in 2000, up from 3.4 million in 1990, according to the latest Census Bureau numbers.That's 300,000 less people than were counted in the Bureau's more recent American Community Survey, which said that 4.5 million people worked at home in 2003. But of most importance, the latest release (based on a sampling of the one in six households that filled out long forms during the 2000 count) found that the 23% increase in home-based workers aged 16 and above was double the growth of the overall work force during the 10-year period. The two estimates differ because the Census Bureau used different questions, survey concepts, data processing, and estimation methods for each study. In addition, "usually" was defined to mean most days during the week. People who worked at home part of the week, but elsewhere more days than at home, were not counted as at-home workers.
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A potential deletion from a longstanding regulatory definition has banks questioning how to classify vast swaths of their lending books.
34m ago -
As the capital rule's comment period closes, some experts express concern about proposed changes that may impact nonbanks reliant on warehouse financing.
1h ago -
Guidance documents from the Consumer Financial Protection Bureau and Treasury's Financial Crimes Enforcement Network heightening bank scrutiny of individual tax identification numbers in mortgage applications could discourage banks from issuing those kinds of loans.
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The newly minted Fed chairman announced working groups for his five top policy priorities and strictly refrained from forward guidance in his debut press conference Wednesday afternoon.
June 17 -
Active listings reached 1.4 million homes, a 4.3% increase year over year, while sales fell 1.2%, which came in better than expectations, Homes.com said.
June 17 -
Mortgage applications rose 3.8% on a seasonally adjusted basis from one week prior for the period ending June 12, according to the MBA's Market Composite Index.
June 17










