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Tuesday, October 2, 2012

Personal Finance Daily: Where downtown housing is hot, and where it's not

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MarketWatch
Personal Finance Daily
OCTOBER 02, 2012

Tuesday's Personal Finance Stories

By MarketWatch

Personal Finance Daily
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Don't miss these top stories:

Anecdotally, we've heard about young professionals and empty nesters moving to downtown neighborhoods for years now. A recent report from the U.S. Census Bureau backs up that claim.

Downtown areas in the biggest cities saw double-digit population growth rates between 2000 and 2010, according to the report, with Chicago experiencing the greatest number of residents moving within a two-mile radius of City Hall.

Read the latest Home Economics column in our Personal Finance pages for more on that; plus, read why the stock market could suffer regardless of who wins the presidential race. What's more, learn why — with an estate-tax deadline looming — making big financial gifts right now could save heirs later.

Amy Hoak , assistant editor

Where downtown housing is hot, and where it's not

Metropolitan areas with 5 million or more people saw double-digit population growth rates in their downtowns between 2000 and 2010, the Census reported. Chicago saw the most growth.
Where downtown housing is hot, and where it's not.


No playing chicken with estate-tax deadline

For those weighing what to do with the assets they have accumulated over a lifetime, the next few weeks may be time to make the final call. Planners say big gifts now — right now — could save heirs later.
No playing chicken with estate tax deadline.


ECONOMY AND POLITICS

Euro crisis could turn on these key October dates

If you thought September was eventful, October offers plenty more opportunities for European officials to either soothe or aggravate the euro zone's long-running debt crisis.
Euro crisis could turn on these key October dates.


Aug. U.S. home prices see top gain in six years

U.S. home prices saw their biggest year-on-year jump in August in six years, more evidence that the market recovery has gained traction, a data provider says.
Aug. U.S. home prices see top gain in six years.


N.Y. AG sues J.P. Morgan over mortgage securities

New York Attorney General Eric Schneiderman filed a lawsuit against J.P. Morgan Chase & Co. (JPM) in civil court alleging widespread fraud in the sale of mortgage-backed securities.
N.Y. AG sues J.P. Morgan over mortgage securities.


South Korea factory slump deepens, data show

Manufacturing data for South Korea show a sharp decline in orders and activity, and economists say there's likely more gloom ahead for the global trade bellwether.
South Korea factory slump deepens, data show.


INVESTING

Romney, Obama both stock-market killers

The economy is going to be a disappointment whether President Barack Obama or challenger Mitt Romney is elected in November.
Romney, Obama both stock-market killers.


A Goldman comeback? Don't bet the house

Analysts and the media are touting Goldman Sachs Group Inc. (GS) for as much as a 25% gain. It's unlikely to happen, but even if it did, why would you invest in an American corporate pariah?
A Goldman comeback? Don't bet the house.


Get ready for a roller-coaster ride

Fasten your seat belts, investors, and get ready for a wild ride.
Get ready for a roller-coaster ride.


The markets are the message for inflation

If you want to know where inflation is heading, look not at the price indexes; look at the markets.
The markets are the message for inflation.


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