The Secret Curse of Owning a Frank Lloyd Wright House Frank Lloyd Wright homes have more cachet than houses built by any other architect. It’s no wonder, then, that when Wright homes go up for sale, they get plenty of attention. And, with only 400-some Wright structures still standing, surely these listings must erupt in bidding wars from eager buyers as soon as they […] Continue reading →

America’s ZIP Codes Are Becoming More Economically Segregated—Here’s How It’s Already Hurting the Middle Class

iStock It’s not a coincidence that income inequality has worsened as residential segregation has become more common. A new working paper from researchers at the Federal Reserve Bank of Minneapolis and the University of Chicago explored the relationship between residential segregation by income and inequality, particularly as both have increased since 1980. As economic segregation increases between […] Continue reading →

A Danish Bank Is Offering Mortgages With Negative Interest Rates—Why You Shouldn’t Wish for That to Happen in the U.S.

iStock; It’s safe to say that mortgage rates have never been lower in Denmark. In fact, they’re now negative. Denmark’s Jyske Bank, is now offering a 10-year fixed-rate mortgage at negative 0.5%. Additionally, Finland-based Nordea Bank announced Wednesday that it will offer a 20-year fixed-rate mortgage in Denmark that charges no interest, and the bank […] Continue reading →