Phoenix Housing Market Becoming More Volatile

Even as news broke this week that home ownership in America  has fallen to its lowest level in 15 years, the Phoenix housing market continues to surge. While increased demand bodes well for a recovery, there are concerns that it may be too much, too soon. Click here to read Phoenix Business Blog article.

Home Ownership On Decline

A big part of the American dream is slipping away as owning a home becomes more elusive for people across the country. According to a Bloomberg article, home ownership has fallen to its lowest level since 1997.

Three Cups of Tea Lawsuit Dismissed

thomsonreuters.com: Today in Missoula, Montana, a lawsuit against the author of Three Cups of Tea, Greg Mortenson, was thrown out today with the judge citing “flimsy” claims by the Plaintiff:

But U.S. District Judge Sam Haddon dismissed the case for what he said was the “imprecise, in part flimsy, and speculative nature of the claims and theories advanced” by the plaintiffs.

The lawsuit was filed in May 2011 following a critical report by CBS television’s “60 Minutes” program that challenged the credibility of biographical details in Mortenson’s memoir.

In particular, the “60 Minutes” report disputed his account of being kidnapped in Pakistan’s Waziristan region in 1996, and said his institute, founded to build schools for girls in Afghanistan and Pakistan, was largely being used to promote the book.

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