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News Archives
August 2008
08.28.2008
Fannie Mae announces management shakeup
KTAK, WY
... so far this year booked billions of dollars in
losses as the national housing market has been hit by a wave of loan
defaults and falling home prices. ...
Some Houston-area property values hurt by foreclosures
KHOU, TX
But on the flip side, there are neighborhoods
where home prices have continued to rise. “Land prices are going through
the ceiling in some of these ...
The best housing stance for buyers, sellers? Staying put
BloggingStocks
Tampa home prices keep dropping
(FL)
Bizjournals.com, NC
Prices of existing single-family homes in the Tampa
Bay area fell even lower in the second quarter of 2008, according to the
latest Standard ...
National prices fell 15.4% in past 12 months.
Las Vegas was the worst-hit city,
while Denver and Boston saw the biggest price increases.
The worst performing city in the index was Las Vegas, where prices plunged
28.6% year-over-year, followed by Miami, down 28.3%, and Phoenix, down
27.9%.
Home prices plummet to a new record
CNN.Money.com
Fannie Mae, Freddie Mac to Exit Subprime in New York
Banktech
Tuesday, Aug 19, 2008
Calif. Home Prices Fall Despite July Sales
Surge
The median price for new and resale homes and condos stood at
$470,000 last month, down from $665,000 in July 2007. The
figure also marks a decline from $485,000 in June.
CBS 13, CA
Have we hit bottom of housing bust?
IdahoStatesman.com, ID
Time to prepare for economic ‘perfect storm’
The State
Journal-Register, IL
According to the Center for Responsible
Lending (CRL), nearly 45 million homes not facing foreclosure
will decline in value by an estimated $233 billion as ...
Friday, Aug. 15, 2008
One Third of New Owners Owe More Than House Is
Worth
Almost one-third of U.S. homeowners who bought in the last
five years now owe more on their mortgages than their
properties are worth, according to Zillow.com, an Internet
provider of home valuations.
Infowars
Home prices down 3.5% in Dallas-Fort Worth
9:37 AM CT
Dallas Morning
News, TX
Phoenix home prices down 21 percent from a
year ago
Bizjournals.com, NC
U.S. Foreclosures Rise 55%, Bank Seizures Reach High
Blppmberg
Hawaii foreclosures in July up 169% over last year
honoluluadvertiser.com
U.S. House Sales Fall to 10-Year Low as Prices Tumble
bloomberg.com
Rep. Ron Paul Tells Explains Why He Opposes
Housing Bailout Bill
FOXNews
I would give all the responsibility
to the Federal Reserve system that created the bubble by
having interest rates down at 1 percent, and Congress for
...
Monday, Aug 11, 2008
So Just Who Will Be the Winners and Losers From the
Housing Crash?
istockAnalyst.com, OR
Last Weeks Biggest Loser: Phoenix, AZ
Median home asking price drops $5000 in 7 days!!
08/04/2008: $234,900
07/28/2008: $239,900
HousingTracker.net: Median Home Asking Price & Inventory Data for Phoenix,
Arizona
HousingTracker
Economic Slump in US to Worsen as Consumers Get `Squeezed'
Bloomberg
Median home price tumbled in western Louisville
(KY)
Louisville
Courier-Journal, KY
And the national median price for all
types of housing was $215100 in June, a drop of 6.1 percent
from a year earlier. Some of the worst-hit markets ...
RBS falls into huge loss after
11.4-billion-dollar subprime hit
AFP
LONDON (AFP) — The Royal Bank of
Scotland revealed an 11.4-billion-dollar hit from the US
subprime crisis on Friday, and a resulting half-year loss
among ...
Friday, Aug 08, 2008
Wachovia sees Orange County, Calif., home
prices dropping 20 percent
TMCnet
It looked at how much home prices are
likely to drop amid homes with such loans. Then it estimated
probable losses on the loans. The company predicts Orange ...
More pain at Fannie - $2.3 billion loss
CNNMoney.com
Declining Home Prices Lowering Costs for
Affordable Housing Units
San Diego Business
Journal, CA
8 who saw the crisis coming... and 8 who didn't
Fortune
US housing slump 'worst since 1930s'
The Guardian
Foreclosures causing weed problems
DeSoto Times Today, MS
Need a Quick Sale? Price Your Home Right
American Chronicle, CA
Survey: Homeowners in denial about falling
values
Bizjournals.com, NC
Wednesday, Aug. 06, 2008
 |
Fed Opts to Leave Key Interest Rate
Unchanged
NewsHour Home foreclosures and unemployment are both up as banks continue to face the consequences of billions of dollars of bad mortgage loans in their portfolios. ... |
US Households Losing Home Equity Fastest
Forbes, NY
Honolulu median
home price plunges 22% from year-ago prices! (Hawaii)
The median price of a single-family home in July was
$299000, a 22% drop from the same month last year, when the
median price was $385000. ...
Big Island home sales and prices fall
Bizjournals.com, NC
NY governor signs foreclosure bill
Newsday, NY
Travis Co. foreclosures up 62%
(TX)
Texas Cable News, TX
`Leveraged Bailout' Won't End Mortgage Madness:
John F. Wasik
Bloomberg
Falling home prices are forcing a
writedown of home values in neighborhoods in which
foreclosures are most pronounced. ``Cash-out'' corridors in
Arizona, ...
DR Horton Build 'Em, But They Don't Come
Forbes, NY
DR Horton Reports Net Loss as Housing Woes
Deepen (Update3)
Bloomberg
This Weeks Biggest Loser: New Orleans
Median home asking price sinks $4000 in 7-days!
HousingTracker.net: Median Home Asking Price &
Inventory Data for New Orleans, Louisiana
HousingTracker
House market continues skid; are you reducing
price to sell your home?
Poughkeepsie
Journal, NY
What is happening to America?
Freeople, TX
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