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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Flagstar shareholders approved a plan to merge its holding company into the bank; Huntington tapped a new chief auditor, along with two new business leaders; First Foundation hired a new chief credit officer; and more in this week's banking news roundup.
October 17 -
Approximately three years after the one-time non-depository bought Roscoe (Texas) State Bank, Cornerstone Capital Bancorp agreed to purchase Peoples Bancorp.
October 17 -
Regulators also accused Southern California-based E Mortgage of failing to properly supervise remote employees and cooperate with their examinations.
October 17 -
While borrowing activity increased from a year ago, seasonal patterns and economic concerns suggest near-term slowing, the Mortgage Bankers Association said.
October 17 -
Solve stages an acquisition, Intercontinental Exchange partners on new indices, Optimal Blue adds updates and Incenter offers a CRA loan trading platform.
October 17 -
LendingTree found that during 2024, May's median price for a 1,500 square foot home was $194.20 versus January's $178.60, a difference of $23,400.
October 17