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News Archives
July 2009
| Friday, July 31, 2009 |
Housing Bottom? No, The Mother Of All Head Fakes
The Business Insider
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| Do Mortgage Firms Really Benefit From Foreclosures? CNBC |
Boomers and Housing: A Symbiotic Relationship Unravels
Huffington Post
At best, the Case-Shiller index hints that we may have found a bottom in housing. Maybe. To be sure, the housing crash has caused pain for every American ..
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| Foreclosure Business Boom: Lawn Painting CNBC |
| Still Skeptical That We've Seen the Housing Bottom seekingalpha.com |
Realtytrac: Job losses now drive foreclosure rates
Jackson Sun
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Homebuyer tax credit fraud
CNNMoney.com
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Fed Chairman 'Forgets' Banks He Loaned Half Trillion $
American Free Press
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Hold the Fed Accountable Now!
Gold Seek
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Men more likely than women to live at home after 30
Telegraph.co.uk
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| Thursday, July 30, 2009 |
Is the Worst Of the Housing Crash Behind Us? Hardly
The Faster Times
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Las Vegas, Fort Myers, Florida Lead US Cities in Foreclosures
Bloomberg
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In Las Vegas, the house loses
guardian.co.uk
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SoCal Homeowners Put Themselves Underwater
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Portland-area home values fall 16.3% in May
Hillsboro Argus - OregonLive.com
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Mass. home prices fall, but decline is slowing
SouthCoastToday.com
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WSJ says "Home Prices Rise Across U.S." abitare says "Are you high or am I?" Fooldom says ?
Motley Fool
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RI home sales rise as prices fall 23%
Providence Business News
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Ben Bernanke Was Incredibly, Uncannily Wrong
Right Side News
Bernanke's Fed itself created the false signals that led to vast disruptions in the housing market. Speculators try to see through those disruptions and ...
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Can the Fed Identify Bubbles Before They Happen?
Wall Street Journal
He notes confidently, by way of example, that “the housing bubble in the United States had been identified by many by 2005.” Well, that's true. ...
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Bernanke: Why are we still listening to this guy?  YouTube |
| Prepare for more foreclosures -- many more crainsnewyork.com |
| Tuesday, July 28, 2009 |
Home Prices in Major US Cities Probably Fell at Slower Pace
Bloomberg
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New Home Sales See Double-Digit Jump
KLAS-TV
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New Home Sales and the Impact of the $8000 Homebuyer Credit
Wall Street Journal Blogs
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Realtors quietly lobbying to extend homebuyer tax credit
Las Vegas Sun
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California - a 4th straight month of rising median prices
Sacramento Bee
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| Buyer Remorse in Manhattan Real Estate - WSJ.com She signed the contract over a year ago in a very different market, and what was worth $2.5 million last year is likely worth about $1.8 million today. WallStreetJournal |
What the housing turnaround will look like
Christian Science Monitor
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| San Diego high-rise condo market goes from frenzy to fizzle latimes.com |
| Sell Now Or Your Capital Will Be Trapped As news reports of housing's "recovery" fill the mainstream media, the devastating effects of rising interest rates are never mentioned: every house with equity becomes a capital trap. Charles Hugh Smith |
How much money should a loan officer make on your mortgage?
Examiner.com
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| Fed Has Few Fans, Poll Finds CBS News |
Actually, There Will Be TWO Housing-Market Bottoms...
The Business Insider
Jim Cramer said six months a year ago that housing would bottom on June 30. He's been declaring victory ever since. Meanwhile, another group of ...
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Obama Steps Up Efforts to Stanch Foreclosure Tide
FOXBusiness
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| Monday, July 27, 2009 |
| Spitzer: Federal Reserve is a Ponzi Scheme and an Inside Job An easy to understand explanation of how the same banks & the Federal Reserve that created the housing bubble and bust robbed multi-billions from the American taxpayers! Congess To Fed: Whats In The Bag? Infowars.com |
Our Tax Dollars Are Being Used to Lobby for More Government Handouts
Cato @ Liberty
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Calif. Q2 mortgage defaults edge higher
Bizjournals.com
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Mortgage Rates Up Slightly Despite Large Spike in the 10 Year Treasury Yield, 5% Fixed Mortgage Rate
Examiner.com
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Real Estate: Where's the bottom on prices?
Annapolis Capital
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Las Vegas Home Sales Climb in June, Led by Foreclosure Bonanza
TheStreet.com
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Til Mortgage Do Us Part: The Science
Imperial Valley News
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The wishful thinking about house prices smacks of dotcom delusion
Telegraph.co.uk
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| Thursday, July 23, 2009 |
Chart of the week: You Call This a Housing Rebound?? View full-size image |
San Diego Home foreclosure rate jumps in June
San Diego Union Tribune
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US Home Prices Have Smallest Decline in 10 Months
Bloomberg
Job losses and record foreclosures have deterred buyers and slashed US home prices 33 percent since the July 2006 peak, according to the S&P/Case-Shiller ...
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Big median home price drop for Nassau, western Suffolk - NY
Newsday
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Peter Schiff
Lew Rockwell
After predicting the bursting of the housing bubble (which is where he gained fame) and once again touching on the consumer debt problem Schiff starts the ...
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Mortgage Defaults: Many Are Intentional, Study Finds
Ethiopian Review
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| Wednesday, July 22, 2009 |
The Housing CRASH Not Finished!
The US housing market has not hit bottom and, depending on which view you take, has quite some room to move down further. The truth is that we are still in ...
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Realtors cry foul over low-ball appraisals
CNNMoney.com
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Vegas Home Prices Down, Sales Up
KXNT
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America Report Shows African Americans Are Among Homeowners Hardest Hit by Foreclosure Crisis
RealEstateRama
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Foreclosure competition spurs builders to cut prices
Arizona Daily Star
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The commercial real estate time bomb
CNNMoney.com
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Ten questions we'd really like to have Bernanke answer
Seattle Times
Was the Fed stupid or complicit in failing to see the risks from the housing bubble and take appropriate regulatory and monetary action? ...
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Poor housing market spoils professionals' plans
Augusta Chronicle
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The American Dream is Leaving the Station
Huffington Post
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SwapRent: Ralph Liu's Innovative Mortgage Idea
Seeking Alpha
Those under water and those who are about to lose their house due to insufficient cash flow. Using SwapRent, banks that hold underwater mortgages can be ...
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Evil Mortgage Modifiers
MainStreet
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Year 2005 - a look back at popular mortgage programs
Examiner.com
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Obama's gov't bailouts reach 24 TRILLION and counting
Examiner.com
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| Tuesday, July21, 2009 |
7 Reasons Housing Isn't Bottoming
The Business Insider
Foreclosures: We likely have not seen the peak in defaults, delinquencies and foreclosures. Many more foreclosures — which are healthy in the long run but ...
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Report: Nevada Most 'Distressed' State
Fox5 KVVU
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Homes may be cheaper, but they are not more affordable
Daily Finance
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Robert Shiller Says Look Out Below! Again!
Seeking Alpha
Esteemed economist Dr. Robert Shiller was among the very few to warn of a housing bust before it happened. Now he tells Newsmax and Moneynews.com that, ...
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Banks making money off of you!
Sussex Sun
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Mortgage Rate Update and just who gets a Loan?
Examiner.com
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Greenspan Thinks Bottom Has Arrived (Which Means It Probably Hasn't)
Seeking Alpha
As for predicting what lies ahead for the housing market, has he ever gotten anything right? He's been calling the housing bottom for about three years now ...
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Could Regulation Have Prevented The Housing Bubble?
NuWire Investor
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No Longer Alone, Ron Paul Fights the Fed
Wall Street Journal Blogs
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Realtor found murdered in foreclosed home
abc7.com
(KABC) -- Investigators await autopsy results on the body of a realtor found murdered in Westchester. Family members say the father of five was stabbed to ...
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| Monday, July 20, 2009 |
Outlook for Las Vegas housing grim
Las Vegas Review - Journal
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Realtors expecting struggle to continue
Florida Today
But the median sales price was just $123700, about half of the peak it reached in 2005. Local Realtors say many, if not most, of the homes being sold now ...
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What the "median" home looks like: East and North Bay - San Francisco
San Francisco Chronicle
The median price paid for a single-family home in the Bay Area was $360000 in June, up nearly 7% from May. Median prices by county vary enormously of course ...
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Ketchup and the housing bubble
New York Times
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It's Already Worse Than the Depression
msnbc.com
In 2005, Ben Bernanke, then an advisor to President Bush, said on CNBC, "We've never had a decline in housing prices on a nationwide basis. ...
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| US foreclosure crisis spreads to new states csmonitor.com |
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Debt Man Walking. Calafia Pundit Collapses.
Seeking Alpha
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| Friday, July 17, 2009 |
Foreclosure Filings Hit 1.5 Million Homes in First Half of '09
Wall Street Journal Blogs
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Don't Put Too Much Stock (Yet) in Rising Median Home Prices
Wall Street Journal Blogs
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More 'Misleading Median' Home Prices
istockAnalyst.com
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Prices down, but home sales up in NH
The Union Leader
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Nevada foreclosures increase in June
Las Vegas Sun
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Worst in foreclosures yet to come?
Honolulu Star-Bulletin
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Ann Arbor area home prices plummet - Michigan
Michigan Business Review - MLive.com
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Upward blip in Inland area housing prices draws mixed reactions - Southern California
Press-Enterprise
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America's 10 Best Undervalued Places to Live
U.S. News & World Report
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Where Are the Loan Modifications?
New York Times
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Wells Fargo Sows the Seeds for Next Foreclosures Crop
Seeking Alpha
Could FHA's rising delinquency rate be due to FHA incorporating risky practices that have become standard in the mortgage industry? ...
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| Thursday, July 16, 2009 |
Foreclosures rise 15 percent in first half of 2009
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socal median home price jumps 6.4 percent
Sacramento Bee
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Housing market shows positive signs, but downturn still not over
OregonLive.com
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Brooklyn Home Prices Decline 16% as NYC Unemployment Increases
Bloomberg
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Valley couple feel taken advantage of by homebuilder - Arizona
AZFamily
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Obama's Man Sworn In At FHA
Forbes
This comes at a time when home prices are still sliding and unemployment--which hit 9.5% in June--is rising. The crux of the trouble is that the agency is ...
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Using the Rout In Housing To Lower Taxes
Wall Street Journal
Many homes nationwide were last appraised prior to the housing crash and are valued for tax purposes at levels higher than today's home prices. ...
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| Peak to Trough Case Shiller and CAR Home Price Declines Mish's Global Economic Trend Analysis  |
| Struggling Landlords Leaving Repairs Undone NYTimes.com |
Ron Paul's audit the Fed bill is ready for the House, but will Obama veto it?
Examiner.com
HR 1207 Federal Reserve Transparency Act has reached its first momentous goal: the bill has the support of the majority of Congress, now possessing 256 ..
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| Wednesday, July 15, 2009 |
Bernanke's Part in the Housing Bubble
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US existing home sales disappoint
Vancouver Sun
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Phoenix, Los Angeles and Miami-Dade Pre Foreclosures Spike in June 2009
PR Web
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Home prices down, even in San Antonio - Texas
San Antonio Express
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False Bottoms - Or When the Tail Wags the Dog
NewsReleaseWire.com
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Mass. OK's advance on home buyer tax credit
Boston Globe
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Housing's Still Overvalued & Silver's Still Cheap
SilverSeek.com
The housing crash will end when the government finally sells all of their housing, and "exits" the market. That's what marked the bottom of the gold market. ...
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Wyoming bank is 53rd failure of 2009
MarketWatch
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| California foreclosure sales increase 24.7 percent CVBT |
| Tuesday, July 14, 2009 |
To Tempt Buyers, Toll Tries Adjustable-Rate Mortgages
CNNMoney.com
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Forbes: Home prices in Charlotte's Elizabeth area falling fast
Bizjournals.com
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The Economy Is Even Worse Than You Think
Wall Street Journal
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Homebuyer incentives drive first home sales increase since 2007
Examiner.com
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Home-buyer tax-credit program cut off by state - California
Los Angeles Times
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File bankruptcy or try to settle debts?
Los Angeles Times
I owe about $50000 on credit cards, $120000 in student loans and $701000 on my home. I have stopped paying on my credit card debt because my issuers ...
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‘Walkaway’ properties quickly deteriorate, dragging down borrowers and neighborhoods
Milwaukee Journal Sentinel
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Will no-doc loans be back?
Marketplace
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The housing crisis explained part 1: forgotten fundamentals
Examiner.com
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Something strange is happening in the San Diego home market
Examiner.com
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| Chicago housing prices drop even faster ChicagoTribune |
| Monday, July 13, 2009 |
| Property values fall in L.A. County for first time in 13 years Last year, the median market value of a single family home in L.A. County was $350,700, about $141,300 less than the year before. In 2007, median home values fell by $18,000 after climbing in previous years. Los Angeles Times |
Housing market built on sand foundation
Joliet Herald News
But few analysts are giving proper weight to the current bank inventory and imminent foreclosures that are not yet on the market. ...
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Many underwater homeowners are deliberately walking away from mortgages
Los Angeles Times
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Housing price reductions pick up - Chicago
Chicago Tribune
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Louisiana housing prices up from '08
Monroe News Star
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Does 5 Trillion of New Debt Mean End of the Recession?
The Market Oracle
Yet with no more room to cut rates, interest-rate expenses have started to rise. Total government debt is now close to 900 trillion yen. ...
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US Office Vacancies Near 4-Year High on Job Losses, Reis Says
Bloomberg
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Second wave of real estate crisis to hit commercial propery market
Washington Examiner
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History's engine and the great bear wave
WND.com
An interesting justification of one of the more notorious of the latter, the failure to predict the 2003-2008 stock market rally and coincidental housing ...
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| Lenders' latest foreclosure strategy: waiting heraldtribune.com |
| Ron Pauls Audit The Fed Bill Faces Scrituiny Reuters |
| Good News In Housing: Price Reductions Are Proliferating time.com |
| Thursday, July 9, 2009 |
Harlem Degentrification Watch: Real Estate Crash Hits Home
Curbed
After an unprecedented surge in value from 2004 to 2007 (the median sale price shot up 150%, according to StreetEasy), Harlem townhouses are selling for far ...
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DC-area homes prices likely lower in 2011
Washington Examiner
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Thousands more in Merced County behind on their home loans - California
Merced Sun-Star
The median price for a home in Merced County is $105000, already a stunning drop from the 2005 boom high of $382750. Merced Sun-Star - A house on Saddleback ...
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Condo sales still low despite plunging prices - Illinois
Chicago Sun-Times
Realtors also are warning their own clients about buying condos in buildings that may be financially unstable because of foreclosures, unsold units or units ...
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Las Vegas June home sales hit record high- reports
Reuters
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Housing Bargains Under $100K in Naples, Florida
Ulitzer.com
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Twin Cities Loan Officer Convicted in Mortgage Scheme
KSTP.com
Jurors found Pratt jacked up home prices and conned buyers and lenders into closing on deal after deal. The 17 loans all collapsed, from Minneapolis to ...
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Plunging prices show housing crisis's arrival
Philadelphia Metro
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Poll: Would-be homebuyers cautious as layoffs rise
The Associated Press
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Home Is Where the Debt Is
Watching the Watchers.org
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| Robert Shiller didn't kill the housing market CNN.Money |
| Wednesday, July 8, 2009 |
WSJ: No Money Down Or Negative Equity Top Source of Foreclosures
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Housing Bargains Under $100K in Naples, Florida
Ulitzer.com
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Apartment Vacancy Rate Hits 22-Year High
Wall Street Journal
Falling home prices could hit landlords in two ways. They could force landlords to lower rents to keep up, and could spur some renters to purchase homes. ...
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Why did people think house prices can't fall?
PopMatters
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Robert Shiller's New Housing ETFs Are A Dangerous Ripoff (UMM, DMM)
The Business Insider
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After the Fall: Opportunities and Strategies for Real Estate Investing in the Coming Decade
International Business Times
"A time-line summation of that property crash and recovery shows about three years in the trough and then another three years to clean up the markets and ...
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In Housing, Even Hindsight Isn't 20-20
New York Times
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| Tuesday, July 7, 2009 |
America's Fastest-Falling Neighborhoods
Forbes
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Foreclosure totals may get worse before getting better
Newnan Times-Herald
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US Home Prices to Fall Through 2011's First Quarter, PMI Says
Bloomberg
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Home Prices Fall 18 Percent Boroughwide - New York
Brooklyn Daily Eagle
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Fannie And Freddie Provide Life Preservers Made Of Lead
Atlantic Online
First, the government had better hope that home prices don't continue to decline. If they do, the LTVs of those mortgages will continue to increase, ...
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Bernanke's reappointment: rewarding failure
Seeking Alpha
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| In California, mortgage scammers find easy pickings Los Angeles Times |
| No Amount of Stimulus Will Work Mish's Global Economic Trend Analysis |
Banks increasing fees to offset losses
The Star-Ledger - NJ.com
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| New Affordable FHFA Loan Program Sounds Like Predatory Lending SeekingAlpha |
Mortgage Defaults: Many Are Intentional, Study Finds
TIME
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Home foreclosures expected to surge in coming months - Chicago
Chicago Tribune
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Jim DeMint Takes Ron Paul's Audit the Fed Battle to the Senate
American Conservative Magazine
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| Monday, July 6, 2009 |
Housing in peril as Obama fails to get breakthrough
Palm Beach Post
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Foreclosures rise, home prices plummet in Hernando County - Florida
Tampabay.com
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US Foreclosures to Peak in Late 2010, Meyer Says
Bloomberg
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Has the Housing Market Hit Bottom?
ABC News -
The median price for a Manhattan apartment fell 19 percent over the last year to $795000, its lowest level since the second quarter of 2007, according to a ...
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| Bear Market in U.S. Housing to Last Years Roseman's Blog |
Condo demand in Houston, nationwide is lagging
Houston Chronicle
The median price dropped 22 percent to $86000. In high-rise properties, sales fell 32 percent, and the median price declined 19 percent to $180000.
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ETFs That Bet on Housing Values: Is This a Joke?
Seeking Alpha
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| Celebrity Foreclosures Forbes.com |
| Updated: Case-Shiller 100-Year Chart The Big Picture |
| Negative Equity + Subprime = Default The Big Picture |
Hey there, underwater borrowers: Want a refi?
Baltimore Sun
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| Wednesday, July 1, 2009 |
Home Prices Dip Again:
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Taxable property values fall for first time since '80s
North County Times - Californian
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Housing price slide into 16th month - Oregon
OregonLive.com
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Home price drop slowing - Florida
Brandon News and Tribune
TAMPA - Tampa Bay area home prices continue to fall, but there are signs they have started to stabilize. Although prices fell 21 percent ...
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Short Sales Can Bring Long Problems
Nightly Business Report
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Perplexed by San Diego Housing? You're Not Alone
Voice of San Diego
Local home prices had fallen 42.3 percent from the market peak in November 2005, according to the most recent Standard & Poor's/Case-Shiller home price ...
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Some Rents Dropping After Housing Collapse
KHSL
The housing crash has yet to correct itself. Homeowners hoping to sell, who cannot, are instead renting out their homes. But with an increased supply of ...
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Investors coming back to housing market - Southern California
San Bernardino Sun
Martindale saw the housing crash coming about three years ago. With the frenzy of home buyers flooding the market with adjustable-rate loans, ...
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Unemployment, housing numbers offer bad news for incumbents
The Hill
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245 now support full review of monetary policy-makers
WorldNetDaily
Ron Paul, R-Texas, that would subject the Federal Reserve to an audit, bringing to 245 the supporters so far. That's well beyond the 218 who constitute a ...
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From 'bankrupt' to 'home owner'
ABC2 News
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Hotel foreclosures on track to set new records in California and elsewhere.
4Hoteliers
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America's Most Affordable Places To Live
Forbes
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| California Homes Bulldozed As Builders Go Bust |
