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Arizona Republic
Senior real estate reporter for the Arizona Republic
PROFILE
Catherine Reagor
Guest
FROM Catherine Reagor
To the Point
Will Expanding the Housing Market Lead to Another Bubble? The housing market usually leads the way out of recession, but this time around it's a drag on economic recovery. So President Obama is going to give it a boost , making it easier for first-time buyers with low credit ratings to qualify for mortgages on new homes. Admittedly, it's a modest proposal — $900 in savings for just 250,000 people, when more than $2 million are needed for healthy growth. But critics call it a risky first step toward another sub-prime disaster -- just like the one that started the Great Recession a few years ago.
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Construction continues at new Inglewood stadium The most expensive sports stadium in US history is rising from a huge hole in the ground in the South Bay city of Inglewood. In just two years Inglewood will play host to both L.A. football teams, the Rams and the Chargers, and add a million square feet of retail, office space, a hotel, parks and even a lake! As the 70,000-seat stadium site takes shape, the city around it is anticipating big changes -- some welcome and some worrisome.