Housing News Archives: March 2009: US Housing Update

With home prices falling and unemployment rising, more people are renting -- just as they had before the boom -- and turning the community into a rental ...

House sales, prices decline - Connecticut

Meriden Record-Journal

The median price for single-family houses declined by $45000, to $218000 from $263000 in February 2008. Year-to-date median houses prices fell 17.3 percent, ...

Subprime is dead, but not this lender�s program

Low Home Prices Drawing Canadians to Vegas

Canadians are apparently taking advantage of Las Vegas' depressed real estate market. Local real estate professionals say more people from Canada are buying ...

Deal Or No Deal: The 50-Year Mortgage

It�s no surprise that this even-longer mortgage product originated in Southern California where home prices at the time were so high that most average ...

Houses of God: Did Evangelicals Curb the Housing Bubble?

Georgia Bank Failure is 21st of 2009

BankInfoSecurity.com

New Bill Allows Judges to Cram Down Mortgages

San Diego Tries to Combat Rising Foreclosure Rate

Officials in San Diego are encouraging homeowners at risk of foreclosure to get help before it�s too late. But Mayor Jerry Sanders is also warning the ..

Jobless Rate Exceeds 10% in Three More US States

The states where home prices surged and then crashed remain among the hardest hit, including Nevada, with its 10.1 percent joblessness. ...

Foreclosure counselors undergo suicide prevention training

Even banks giving up foreclosures

City officials and housing advocates across the country say they are seeing an unsettling development in the foreclosure crisis: Banks are quietly declining ...

US programs seen too late to stem foreclosure wave
The new federal programs to aid the U.S. financial markets will likely not fend off the impending wave of foreclosures on U.S. commercial real estate loans, experts said.
reuters.com

Bay Area, CA Home Prices Now Down 59% From Peak: Median Hits $295K
The Bay Area reached a peak median sales price of $720,000 in spring 2007. In February, the median was $295,000. That doesn't mean that all homes lost half their value - although many did see appreciation erode significantly - but it does show a major shift in the composition of homes being sold.
Bargain home prices attract investors, novices
sfgate.com

Roubini on home buying: It�s better to wait

International Business Times

Dr. Nouriel Roubini, a professor at the New York University, answers questions during the Reuters Housing Summit, in New York, February 19, 2008. ...

How About Nationalizing the Federal Reserve?

Under this new system the creation of fiat money would be prohibited. In place of a Greenspan "pumping" the money supply, such speculative action would be ...

Home prices continue to slide across the country

Since US home prices peaked in July 2006, they have declined 21.2 percent on a cumulative basis and are currently back to the lowest price level last seen ...

Keepin' It Real Estate: Housing Recovery? What Housing Recovery?

Joplin home prices slide for first time in decade - Missouri

Waco-area house foreclosure rates reach new record - Texas

Fla. Realtor uses boat to display foreclosed homes

The Associated Press

Hooray for Falling Home Prices!

Foreclosures increase as job losses rise

One in every 67 housing units in Stockton got a foreclosure notice in February. The increase in foreclosure activity from January to February was somewhat ...

California Home Prices Decline 41% on Foreclosures

Economy Sinks Slightly Faster Than Expected

Layoffs are still mounting, and home prices are still falling in an economy shrinking at an alarming rate. David Wyss, chief economist at Standard & Poor's ...

Homebuilder will pay mortgage for 6 months if buyer loses job

Fed Buys $7.5 Billion of Debt to Cut Borrowing Costs

Fed Seeks Power to Issue Own Debt When Crisis Ebbs, Yellen Says

The Federal Reserve Act Must be Overturned!

It was created in 1913 by the passage of the Federal Reserve Act. It is a private banking cartel that has been given special powers to control our currency, ...

California jobless rate forecast to hit 11.9%

Arkansas Democrat Gazette

First the housing slump, now US banks face wave of commercial defaults

US BANKS, battered by record losses from the worst housing slump since the Great Depression, now must weather increasing loan delinquencies from owners of ...

Home Prices Fell 6.3% in January, Smallest Decline in 5 Months

The decline was led by a 21 percent drop in the region that includes California, the biggest US state, the Federal Housing Finance Agency in Washington said ...

Real estate crash an economic blessing: experts

GOP Plan Aims to Expand Home Buyer Tax Credits

Mass. home prices dropped 18 percent

Boston Globe - ‎Mar 24, 2009‎

Why would a buyer jump in now when he/she is frightened by unemployment risks and home prices collapsing at 20% per year. It doesn't take a genius to figure ...

Illinois home sales, prices down from '08

For home buyers, rock bottom prices tough to pinpoint

Housing Market Collapse: America's Abandoned Cities

Wall Street Rejoices As Tim Geithner Announces Housing Bubble Champagne Set To Flow Freely Again
Like cokeheads who came to in 1980s Bogota, Wall Streeters cheered the new Treasury plan to allow the extremely wealthy to pay risk-free pennies on the dollar for the toxic assets and mortgages held by the nation�s banks. In Hope and Change America, the ridiculously rich get richer, and the government backstops them.

The New Ledger

Why the People who Broke the Financial System Will Profit

TIME

These instruments were most exposed to risk when the securitization market blew up following the housing market collapse. Not only is the company almost ...

Home improvement projects decline

Housing market decline hits Ichiro's mansion
Ichiro Suzuki didn't field many offers for his original asking price of $3.2 million for his Issaquah mansion. The M's star built a bigger home on Lake Sammamish and left this Issaquah home three years ago
The new number is now down to $1.75 million, and there are people in town coughing up that kind of cash without a jumbo loan.

FHFA Consistently Understates Level of Housing Decline

The Federal Housing Finance Agency (FHFA) issued a very up-beat report yesterday on housing prices throughout the United States for January of '09. ...

Midwest home sales fall 18 percent in February

The Associated Press

Median home price in the Las Vegas drops to $150000

Las Vegas Review - Journal

BY BLOOMBERG NEWS The median home price in the Las Vegas area dropped to $150000 last month, the lowest in almost eight years, as a surge in foreclosures

HUD Approves $731 Million Foreclosure Stabilization Fund

Why Home Prices Fall More in Low-Priced Neighborhoods

More Signs of a Depression?

And experts say it's going to get worse, because the underlying housing crisis is a long way from being over. "The downturn still has a way to go," ...

Why seller-financing isn't the right strategy for this housing market

Double-Digit Year-over-Year Home Price Declines Continue According ...
National resale housing prices fell across the country by 11.6 percent in January 2009 compared to a year ago, according to First American CoreLogic and its LoanPerformance Home Price Index (HPI).

Obama nominates federal housing commissioner

San Diego Foreclosures Crisis Continues!
Foreclosures in San Diego County increased 11 percent last month, signaling a return to business as usual after a self-imposed slowdown by the mortgage industry.
County foreclosures up 11% over January

U.S. House Prices Could Drop Another 20%
"We believe that if nothing is done to eliminate surplus housing, prices will fall another 20% between now and the end of 2010

Lumber industry trims work force as housing industry falters

"Mortgage lending is totally paralyzed, foreclosures are rising and home prices continue to decline. There's little incentive for anyone to build a new home ...

Check out short sale properties, but get ready to play the waiting ...

As home prices continue to decline, short sales have become a viable option for those who need to sell. Coverage of home buying and selling, housing prices, ...

California investors turning repossessed homes into rentals

Free-falling home prices and thousands of bank repos have pulled investors back into the Sacramento housing market at levels not seen since the headiest ...

Desperate tent city revival for America's homeless

Greenspan Says Banks Need $750 Billion More Capital

Stimulus dwarfed by loads of debt

Now, we have a $14.5 trillion consumer debt load, our homes have lost nearly $9 trillion in value and the stock market has robbed our 401(k)s, ...

Whether to walk away: Housing�s moral minefield

Put a different way: Most properties bought here between 2004 and 2007 are upside down or �underwater,�

Why We Should Be Ashamed Of Congress and Our President.
Barack Obama and the Democrats, with the help of the Federal Reserve, continue to insist on manipulating interest rates to keep home prices high,

Bernanke Desperate, Fed Out of Ammo

Peter Schiff: America officially a banana republic

Foreclosed homes flood Tempe housing market - Arizona

The median price for foreclosed home sales in Tempe was $175800, compared with $205000 for traditional sales. A year ago in January, the median price of ...

New laws will help homebuyers

Las Vegas Review - Journal

I'm especially interested in your take on the government's plan to fix the foreclosure problem and help people buy or stay in their homes. ...

Home sales soar while median price hits floor

San Jose Mercury News

Foreclosure bargains continued to fuel soaring Bay Area home sales in February as the median sales price dipped below $300000 ...

Calif. solar effort flags in frozen housing market
California's ambitious solar-energy rebate program is slumping in the state's deep, prolonged housing crisis.

"Meltdown" Blames Feds For The Crash

One chapter is titled "How Government Created the Housing Bubble," and points to special privileges granted to Fannie Mae and Freddie Mac, a federal law ...

Ron Paul- Every Downturn Over Past Century Due to Federal Reserve Policies

Housing slump luring new wave of buyers

Sarasota Herald-Tribune

Housing slump not even close to ending

San Diego Union Tribune

By Roger Showley (Contact) Union-Tribune Staff Writer The median home price in Southern California in February was $250000, down 38.7 percent from a year ...

Cramer: Govt. Housing Plans Will Work

By Jim Cramer How much can the housing market benefit from the changes that both presidential administrations have made in the last six months? ...

US Economy: Housing Starts Unexpectedly Jumped

Housing starts: Uptick doesn't mean economy has reached bottom

MORTGAGES: Fed Has Pushed Mortgage Rates Lower, But 5% Looks Like the bottom

How far do house prices have to fall?

In Detroit, Artists Look For Renewal In Foreclosures

Obama Foreclosure Plan Sparks Large Spike in Calls to Homeowner Helpline

Real Estate--What Recovers First?

"Prices have come down so much that the rent/buy equation is coming back into balance," he said. "Location is always a factor � but if it were relatively ...

Owners skulking away from "underwater" US homes

Home Prices Plunge to 2000 Levels In Santa Cruz, CA
The median price for a single-family home in Santa Cruz County plunged in February to $380,000, the lowest since January 2000, prompting one agent to declare the market has bottomed out.
Median home price in Santa Cruz County for February: $380000 - California

OC, SoCal home prices down for 18th month

Houston Median Home price Sinks to $182,000
The Houston Association of Realtors says the total number of home sales was down 26 percent in February compared to last year. Also, the average price was $182,000, down ten percent.
Foreclosures lower Houston home prices

SoCal Home Prices Take $158,000 Dive in 12 Months!
The price in a six-county region of Southern California plunged to $250,000 last month, compared to $408,000 in February of 2008, San Diego-based MDA DataQuick said.
Median home price in Southern California plummets 39 percent

Report Says 163 Banks Could Be At Risk

Some examples: BankUnited in Coral Gables, Fla., an epicenter of the housing crash, boasts a remarkable ratio of 251.6, which means the bank has 2.5 times ...

Bonuses after bailout: your tax dollars at work

The Obama Budget: Spending, Taxes, and Doubling the National Debt

Banks get Bailed-out, While The People Get Foreclosed
If Washington had simply taken the $1.5 trillion and cut a check for each of 140 million U.S. workers, each would get $10,714.29.
Why bailout money goes to banks, not us
SFGate

Those Hit Hardest Get No Bailout

One option at the outset would have been to support the distressed homeowners, helping them avoid foreclosure. Wiley points out that �35 percent of subprime ...

Tuesday, 03.17.2009

Locksmith Shot by Tenant While Changing locks On Foreclosed Home
PHOENIX--For the second time in the last couple of weeks, the Phoenix real estate crisis has turned violent. A locksmith contracted to change locks on vacant foreclosed homes was shot before daybreak this morning by a person living in a foreclosed home.
Locksmith Shot By Homeowner While Changing Locks On Foreclosed Home

Home Prices Falling in Arkansas Too!
The cumulative sales revenue in Benton and Washington counties at the end of February totaled $81.44 million, down 37 percent from the same two months in 2008. The median price of the homes sold tumbled 17 percent to $126,250, the report indicated.
Dismal Home Sales Take Prices Lower - Arkansas

Who will win and who will lose if Obama's foreclosure prevention plan is enacted?
President Barack Obama's recently announced $75 billion mortgage plan is expected to help one in nine homeowners facing foreclosure by opening access to low-cost refinancing options and
Homeowner Handouts?

Home prices down, so where are buyers? - Ohio

Homeowners worry Chinese made drywall is making them sick
Knauf says Chinese drywall imports started in significant amounts in 2005 as a result of a shortage driven by the booming housing market and rebuilding

Phoenix-area median home prices increasing?
�We can�t tell for sure, but it is becoming more likely that we are at or near the bottom of the new housing crash here in metro Phoenix,� the report ...

Phoenix Business Journal

The Fed Has Failed By Its Own Terms
...On the other hand, quite a few people accuse the Federal Reserve of being a private cabal owned by the banks, with the sole purpose of making the elite richer.

Grand Illusion � Secrets of the Federal Reserve
The books and records of the Federal Reserve are not open to scrutiny by the General Accounting Office. Ron Paul has introduced the Federal Reserve ...

How to Not Pay the AIG Bonuses
... AIG's contractual obligation to make the bonus payments is a bit like an underwater homeowner's contractual obligation to make his mortgage payments. ...

Conde Nast Portfolio

The Fed Did Indeed Cause the Housing Bubble

Palm Beach, Florida Home values Rocket Downwards
The median price of single-family homes sold in Palm Beach from October through December fell to $2.7 million, down 20 percent from $3.4 million in the ...
Time for 'reality check': Palm Beach feels the downturn after some ...

The Federal Reserve Bank creates economic crisis

What Could Have Averted the Housing Bubble?

Conde Nast Portfolio

Yet he now asserts there was a global housing bubble. It has always puzzled me how he could go from seeing local bubbles to a global bubble without at some ...

Dollars from dirt: Economy spurs home garden boom

The Associated Press

Slogan: "Win the war in your own backyard against high supermarket prices and nonlocal produce!" Cultivators with years of experience worry that home ...

The wealth of American families plunged nearly 18%
in 2008, erasing years of sharp gains on housing and stocks and marking the biggest loss since the Federal Reserve began keeping track after World War II.
Americans See 18% of Wealth Vanish

Yes There is a Kalamazoo & Housing Market is Sinking There Too - Michigan
Number of homes in foreclosure in Kalamazoo County up 31 percent

Michigan Business Review - MLive.com

Rise in foreclosures "a shock." Really?!?!
The government is going to be unable to prevent home prices from falling to an affordable level. They had gotten way out of whack with all traditional ...

Greenspan again finds the Fed blameless in housing bubble

Priced at $28 Million, Villa Joins Foreclosure List - Orange County, CA
As the recession continues, foreclosures in Laguna Beach are migrating from lower-priced homes into top-end territory, with grandiose Villa Mar Vista, a $28 million Sotheby's listing, scheduled for auction this past week on the steps of the Santa Ana courthouse

Laguna Beach Independent

No Letup in Resale Home Price Declines

Alabama Homes Prices Sinking Also
The average price for a home in February 2009 was $171,062, compared to $178,600 in February 2008.
Home prices continue to drop in Birmingham metro area

Ariz. home foreclosures rise 23% in Feb.

Ron Paul: Culprits Of Financial Collapse Should Be Arrested

Paul told the Alex Jones Show that the only way the private Federal Reserve could be brought under control would come as a result of a mass uprising, ...

HOUSING: Housing bargain doesn't always bring low property taxes
As the region slogs through its fourth year of falling home prices, buyers have snatched homes for up to 70 percent below the previous price. But that doesn't mean their tax bills will be that low.

North County Times - Californian

Las Vegas leads nation in foreclosures

Nationwide, foreclosure filings rose 6 percent from January to February and nearly 30 percent from February 2008. RealtyTrac executives called the increase ...

Calif. Housing Glut Shrinks; Sales Jump As Prices Plummet

Investor's Business Daily

A 40% plunge in the median home price from a year ago has lured buyers despite anxiety over a deep and prolonged recession and mounting job losses. ...

Survey: Buyers, sellers still disagree on home prices

By Janet Morrissey A sharp disconnect still exists between homeowners and sellers over the real value of home prices, according to the latest survey by ...

Median sale prices of homes continue to drop - Michigan

UpperMichigansSource.com powerd by WLUC TV

Home sales up, prices still falling - Minnesota

Finance and Commerce

Housing Sales by the Numbers in Lee County

So far this year 66% of the homes sold were foreclosures., 14% were short sales, and only 19% were traditional home sales. The median price for homes sold ...

Median home closing prices on LI fall 13% in year - New York

Grand Illusion - The US Federal Reserve Bank

The American public is being misled by government officials, politicians, and the Federal Reserve regarding the causes of this crisis and the solutions ...

Mortgage Delinquencies Reach 11 Percent Nationwide
Mortgage 101 Blog

Bottom for real estate? Columnist says 'yes'

The 10 Hardest Hit Counties for Home Price Crashing
(view article for larger chart)
Housing tailspin continues with Central Valley leading the crash

Central Valley Business Times

Foreclosure Sales Continue Spike In Detroit

The median sale price on a foreclosed home in Detroit was $5950 and on non-foreclosure sales $5000. That�s down 42.6 percent from a year earlier. ...

Median closing price for Long Island falls 13 percent

Also, foreclosure sales may be bringing down the median closing prices as more buyers look for bargains, agents said. Suffolk had the biggest percentage ...

Housing Market Showing Some Positives

The bad news is if you are in the market to sell, the median price of a single-family home continues to drop. Bank-owned homes continue to drive the Las ...

The giant Ponzi scheme that is Florida

By December 2005, when the housing market began to collapse, the median sales price of a home in the Fort Myers area was $322000. Today it is $99000. ...

Homes at half price from 2006 peak - Vegas

The Greater Las Vegas Association of Realtors reported today that the median home price fell 2.7 percent in February to $155603. That�s down from $160000 in ...

Housing downturn catches up with Binghamton, NY

Bad real estate advice from TV agents. . .
WalletPop

Tuesday, 03.10.2009

Housing prices in Los Angeles area continue to fall

Housing Bust Deals a Cruel Blow to Older Homeowners

U.S. News & World Report

Gloucester, Georgetown lead plunge in house prices - Mass
Prices of homes that were sold plunged in January north of Boston, where declines in some communities exceeded the statewide average of 20.2 percent, a seven-year low, according to new data from The Warren Group of Boston.

For those willing to pounce, big deals on foreclosures - NY

The median home price in the area is $80000. The Long Island residents plan to convert it to a rental and bank their earnings for their young children's ...

Roubini: US Recession Could Last Up to 36 Months

The hard part, he says, will be tackling housing. Roubini says that the housing market, like a company restructuring in bankruptcy, needs to have "face ...

Some IE home values have dropped more than 60 percent - Southern California

Where�s That Mythical Housing Bottom?

A Home Is Foreclosed Every 13 Seconds

1 in 50 American children experiences homelessness

International Herald Tribune

Abolish the Federal Reserve

The Federal Reserve can make or break our economy and there�s not a thing we can do about it. And, that�s what makes it a roadblock to a successful recovery ...

Falling credit scores ambush consumers

More foreclosed homes being ransacked, vandalized
(Boise) -- Foreclosed homes can sometimes give buyers a chance to score a great deal on a home, but not if they�re left ransacked or vandalized. ...

Detroit sees rock-bottom home prices

With at least 1800 homes for sale under $10,000.00, Detroit is luring investors from outside the United States, such as Darren Veness of England (left, ...

More FHA-Backed Mortgages Default Without A Single Payment

Housing Bubble-Induced Crisis Leaves Horses Homeless, Too
The calls and e-mails keep coming, and they are increasingly desperate: �I�ve lost my job. I�m losing my home. I can�t afford to keep my horse. ...

As you hunker down, be happy Steven Greenhut

The feds encouraged the easy loans and printed the cheap money that led to the housing bubble. The $11 trillion national debt, the multitrillion-dollar ...

Obama's Mortgage Relief Plan: The Details

The 31 percent target income level would apply only to the borrower's primary mortgage payment; second mortgages, home equity loans and other consumer debt ...

Home prices fall less in region than in state, US - Wisconsin

Green Bay Press Gazette

Mortgage relief puts neighbors on different turf

San Jose Mercury News

Mortgage Brokers Who Got Us Into This Mess Are Making
a Killing with the Obama Bailout
The new product is a loan modification. When borrowers are unable to pay their monthly mortgage bills, a frequent occurrence in this era of self-destructing subprime loans, loan modifications allow the borrowers to renegotiate the terms of their mortgages. They pay a lower monthly charge and keep their houses, and the broker earns a paycheck for arranging the new deal.
Alterney.org

Vermont Senator Bernie Sanders Slams Fed Chief
for Bailout Fraud
Vermont Senator Slams Federal Reserve Chief for Bailout Fraud
YouTube / USHousingUpdate.com

Borrowers Angry as Former Countrywide Execs Back in Business
... largest mortgage lender -- has become shorthand for a notorious moment in the recession and its logo a veritable symbol of the burst housing bubble. ...

One in Five Houses Underwater: Foreclosure Sales Surge 177% in 2008

Tulsa-area home prices up 4 percent - Oklahoma

Federal Foreclosure Plan Disqualifies Half of Florida Homeowners

Job losses add to home foreclosures - Oregon

Crabtree Report: New wave of foreclosures coming

Mortgage Delinquencies Rise to Record on Job Losses

Negative home equity nationwide: Ugly, and getting uglier
n sheer numbers, California and Florida are the West Coast and East Coast ground zeroes for underwater homeowners. But the horror of negative equity is ...

Keepin' It Real Estate: How to Play the Housing Rebound

There isn�t an economic forecaster or media pundit alive who isn�t angling to be the first to (correctly) call the bottom in housing. ...

Real Estate Decline Home	Previous Bubble News
Housing Bubble Charts	Media Store

House sales, prices decline - Connecticut

Joplin home prices slide for first time in decade - Missouri

Waco-area house foreclosure rates reach new record - Texas

HUD Approves $731 Million Foreclosure Stabilization Fund

Double-Digit Year-over-Year Home Price Declines Continue According ... National resale housing prices fell across the country by 11.6 percent in January 2009 compared to a year ago, according to First American CoreLogic and its LoanPerformance Home Price Index (HPI).

San Diego Foreclosures Crisis Continues! Foreclosures in San Diego County increased 11 percent last month, signaling a return to business as usual after a self-imposed slowdown by the mortgage industry. County foreclosures up 11% over January

U.S. House Prices Could Drop Another 20% "We believe that if nothing is done to eliminate surplus housing, prices will fall another 20% between now and the end of 2010

Why We Should Be Ashamed Of Congress and Our President. Barack Obama and the Democrats, with the help of the Federal Reserve, continue to insist on manipulating interest rates to keep home prices high,

Foreclosed homes flood Tempe housing market - Arizona

Calif. solar effort flags in frozen housing market California's ambitious solar-energy rebate program is slumping in the state's deep, prolonged housing crisis.

Houston Median Home price Sinks to $182,000 The Houston Association of Realtors says the total number of home sales was down 26 percent in February compared to last year. Also, the average price was $182,000, down ten percent. Foreclosures lower Houston home prices

SoCal Home Prices Take $158,000 Dive in 12 Months! The price in a six-county region of Southern California plunged to $250,000 last month, compared to $408,000 in February of 2008, San Diego-based MDA DataQuick said. Median home price in Southern California plummets 39 percent

Who will win and who will lose if Obama's foreclosure prevention plan is enacted? President Barack Obama's recently announced $75 billion mortgage plan is expected to help one in nine homeowners facing foreclosure by opening access to low-cost refinancing options and Homeowner Handouts?

Home prices down, so where are buyers? - Ohio

Homeowners worry Chinese made drywall is making them sick Knauf says Chinese drywall imports started in significant amounts in 2005 as a result of a shortage driven by the booming housing market and rebuilding

Phoenix-area median home prices increasing? �We can�t tell for sure, but it is becoming more likely that we are at or near the bottom of the new housing crash here in metro Phoenix,� the report ...

The Fed Has Failed By Its Own Terms ...On the other hand, quite a few people accuse the Federal Reserve of being a private cabal owned by the banks, with the sole purpose of making the elite richer.

Grand Illusion � Secrets of the Federal Reserve The books and records of the Federal Reserve are not open to scrutiny by the General Accounting Office. Ron Paul has introduced the Federal Reserve ...

How to Not Pay the AIG Bonuses ... AIG's contractual obligation to make the bonus payments is a bit like an underwater homeowner's contractual obligation to make his mortgage payments. ...

Palm Beach, Florida Home values Rocket Downwards The median price of single-family homes sold in Palm Beach from October through December fell to $2.7 million, down 20 percent from $3.4 million in the ... Time for 'reality check': Palm Beach feels the downturn after some ...

The wealth of American families plunged nearly 18% in 2008, erasing years of sharp gains on housing and stocks and marking the biggest loss since the Federal Reserve began keeping track after World War II. Americans See 18% of Wealth Vanish

Yes There is a Kalamazoo & Housing Market is Sinking There Too - Michigan Number of homes in foreclosure in Kalamazoo County up 31 percent

Rise in foreclosures "a shock." Really?!?! The government is going to be unable to prevent home prices from falling to an affordable level. They had gotten way out of whack with all traditional ...

Alabama Homes Prices Sinking Also The average price for a home in February 2009 was $171,062, compared to $178,600 in February 2008. Home prices continue to drop in Birmingham metro area

HOUSING: Housing bargain doesn't always bring low property taxes As the region slogs through its fourth year of falling home prices, buyers have snatched homes for up to 70 percent below the previous price. But that doesn't mean their tax bills will be that low.

Median sale prices of homes continue to drop - Michigan

Home sales up, prices still falling - Minnesota

Median home closing prices on LI fall 13% in year - New York

The 10 Hardest Hit Counties for Home Price Crashing (view article for larger chart) Housing tailspin continues with Central Valley leading the crash

Homes at half price from 2006 peak - Vegas

Bad real estate advice from TV agents. . . WalletPop

Tuesday, 03.10.2009

Gloucester, Georgetown lead plunge in house prices - Mass Prices of homes that were sold plunged in January north of Boston, where declines in some communities exceeded the statewide average of 20.2 percent, a seven-year low, according to new data from The Warren Group of Boston.

For those willing to pounce, big deals on foreclosures - NY

Some IE home values have dropped more than 60 percent - Southern California

More foreclosed homes being ransacked, vandalized (Boise) -- Foreclosed homes can sometimes give buyers a chance to score a great deal on a home, but not if they�re left ransacked or vandalized. ...

HUD Approves $731 Million Foreclosure Stabilization Fund

Double-Digit Year-over-Year Home Price Declines Continue According ...
National resale housing prices fell across the country by 11.6 percent in January 2009 compared to a year ago, according to First American CoreLogic and its LoanPerformance Home Price Index (HPI).

San Diego Foreclosures Crisis Continues!
Foreclosures in San Diego County increased 11 percent last month, signaling a return to business as usual after a self-imposed slowdown by the mortgage industry.
County foreclosures up 11% over January

U.S. House Prices Could Drop Another 20%
"We believe that if nothing is done to eliminate surplus housing, prices will fall another 20% between now and the end of 2010

Why We Should Be Ashamed Of Congress and Our President.
Barack Obama and the Democrats, with the help of the Federal Reserve, continue to insist on manipulating interest rates to keep home prices high,

Calif. solar effort flags in frozen housing market
California's ambitious solar-energy rebate program is slumping in the state's deep, prolonged housing crisis.

Houston Median Home price Sinks to $182,000
The Houston Association of Realtors says the total number of home sales was down 26 percent in February compared to last year. Also, the average price was $182,000, down ten percent.
Foreclosures lower Houston home prices

SoCal Home Prices Take $158,000 Dive in 12 Months!
The price in a six-county region of Southern California plunged to $250,000 last month, compared to $408,000 in February of 2008, San Diego-based MDA DataQuick said.
Median home price in Southern California plummets 39 percent

Who will win and who will lose if Obama's foreclosure prevention plan is enacted?
President Barack Obama's recently announced $75 billion mortgage plan is expected to help one in nine homeowners facing foreclosure by opening access to low-cost refinancing options and
Homeowner Handouts?

Homeowners worry Chinese made drywall is making them sick
Knauf says Chinese drywall imports started in significant amounts in 2005 as a result of a shortage driven by the booming housing market and rebuilding

Phoenix-area median home prices increasing?
�We can�t tell for sure, but it is becoming more likely that we are at or near the bottom of the new housing crash here in metro Phoenix,� the report ...

The Fed Has Failed By Its Own Terms
...On the other hand, quite a few people accuse the Federal Reserve of being a private cabal owned by the banks, with the sole purpose of making the elite richer.

Grand Illusion � Secrets of the Federal Reserve
The books and records of the Federal Reserve are not open to scrutiny by the General Accounting Office. Ron Paul has introduced the Federal Reserve ...

How to Not Pay the AIG Bonuses
... AIG's contractual obligation to make the bonus payments is a bit like an underwater homeowner's contractual obligation to make his mortgage payments. ...

Palm Beach, Florida Home values Rocket Downwards
The median price of single-family homes sold in Palm Beach from October through December fell to $2.7 million, down 20 percent from $3.4 million in the ...
Time for 'reality check': Palm Beach feels the downturn after some ...

The wealth of American families plunged nearly 18%
in 2008, erasing years of sharp gains on housing and stocks and marking the biggest loss since the Federal Reserve began keeping track after World War II.
Americans See 18% of Wealth Vanish

Yes There is a Kalamazoo & Housing Market is Sinking There Too - Michigan
Number of homes in foreclosure in Kalamazoo County up 31 percent

Rise in foreclosures "a shock." Really?!?!
The government is going to be unable to prevent home prices from falling to an affordable level. They had gotten way out of whack with all traditional ...

Alabama Homes Prices Sinking Also
The average price for a home in February 2009 was $171,062, compared to $178,600 in February 2008.
Home prices continue to drop in Birmingham metro area

HOUSING: Housing bargain doesn't always bring low property taxes
As the region slogs through its fourth year of falling home prices, buyers have snatched homes for up to 70 percent below the previous price. But that doesn't mean their tax bills will be that low.

The 10 Hardest Hit Counties for Home Price Crashing
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Housing tailspin continues with Central Valley leading the crash

Bad real estate advice from TV agents. . .
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Gloucester, Georgetown lead plunge in house prices - Mass
Prices of homes that were sold plunged in January north of Boston, where declines in some communities exceeded the statewide average of 20.2 percent, a seven-year low, according to new data from The Warren Group of Boston.

More foreclosed homes being ransacked, vandalized
(Boise) -- Foreclosed homes can sometimes give buyers a chance to score a great deal on a home, but not if they�re left ransacked or vandalized. ...