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News Archives
June 2009
| Tuesday, June 30, 2009 |
Housing in Peril as Obama Fails to Get Breakthrough
Bloomberg
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The US housing market's 800 lb gorilla
Examiner.com
That, of course, is a no-win situation for everyone involved, and it's the big reason why falling prices drive far more foreclosures than higher payments
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House Prices in California and Las Vegas Hit Hard by Wave of Foreclosed Properties
Daily Reckoning
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Florida's Property Taxes Go Wacky in Housing Slump
TIME
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ETFs Tracking Home Prices Set To Launch
IndexUniverse.com
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OC house price declines getting smaller
OCRegister
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Fannie Sees Jump in Overdue Home Loans
Wall Street Journal
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Mortgage Meltdown, More Pain To Come
MortgageNewsDaily.com
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Americans walk away
WND.com
The housing crash was inevitable. The huge expansion in the number of home loans was an intentional attempt to expand the number of home buyers made ...
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Wells Fargo wants Baltimore subprime suit dismissed
Reuters
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| BofA wording may cause more foreclosures Puget Sound Business Journal |
| Monday, June 29, 2009 |
 Government Spending Will Cause Higher Interest Rates:Crashing Economy and Worsening Housing Downfall! Government borrowing on such a massive scale will compete for the money in the open market and will make overall interest rates rise . Rates already rose a few weeks ago during a large treasury auction. Watch this carefully, mortgage rates will respond by going up. Think what this will do to the already very ill housing market. The Coming Economic Apocalypse |
Real estate market may plunge US into deeper recession
Examiner.com
Now lenders who have delayed foreclosures are moving forward to take legal action and begin taking possession of the homes. This is called the 2nd wave of ...
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The New Homeowner Hallucination: "We'll Rent For A Year And Then Sell When The Market Comes Back"
The Business Insider
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Can Obama keep up with falling home prices?
CNNMoney.com
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Is it time for underwater homeowners to be given a get-out-of-debt-free card?
Los Angeles
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A Big No: Lenders are asking for higher numbers on all-important, but mysterious credit score
Winston-Salem Journal
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Ten things buyers should do before signing
San Antonio Express
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US Congress asks Fannie and Freddie to guarantee BAD loans
Seeking Alpha
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All our tax dollars, down the bailout drain
Winchester Star
Billions of our tax dollars are being thrown at an economic problem with no regard for where they are going and whether or not they will help. ...
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| Friday, June 26, 2009 |
House prices could fall another 40% from here
MoneyWeek
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California, Vegas Home Prices Drop on Foreclosures
Bloomberg -
The median price for an existing, single-family detached house in California declined 30 percent to $267570, the California Association of Realtors said ...
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5 Housing Markets That Have Further to Fall
Smartmoney.com
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Manteca condos plunge 73% in value in just 33 months - CA
Manteca Bulletin
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Cheaper homes lose the most in sliding market
Emirates Business 24/7
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Home prices to fall by 10%: Crisil
TopNews
The firm said that home prices may further decline about 10 per cent in the second half of current financial year, primarily, due to oversupply of ...
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In Pictures: The 13 Most Distressed Cities Of The Super-Rich
Forbes -
The housing crash is finally hitting the most expensive neighborhoods. In a healthy housing market, the number of homes for sale is less than six times the ...
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| 4 of America's nastiest housing busts A look at other big downturns of the past 3 decades suggests that recovery from the current housing crash could take years. MSN Money |
Underwater mortgages: a guide to survival
Irish Times
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The Next Bubble Is Here. Have You Bought In?
Lew Rockwell
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The Washington Post Still Hasn't Heard of the Housing Bubble
The American Prospect
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Exclusive Conversation With Ron Paul: The Future Of The Federal Reserve
U.S. News & World Report
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Obama tells Sun: Nevada's housing pain is on my mind
Las Vegas Sun
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When housing stimulus doesn't stimulate
Tampabay.com
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| Thursday, June 25, 2009 |
Meltdown 101: Where do home prices really stand?
San Jose Mercury News
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Disappointing New Home Sales Continue to Pummel Homebuilders
Seeking Alpha
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Miami condo prices have plummeted by half in past year...
Miami Today
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Housing Need-To-Know Info For Tricky Times
CBS News
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North Texas home prices at 1990s levels
Bizjournals.com
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Both rents and prices are falling. So is this a better time to rent or buy?
Boston Globe
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Ron Paul's Audit Fed Bill Gets Majority Support
ConnieTalk
Texas Congressman Ron Paul drafted a Federal Reserve Transparency Act, HR 1207, that has now been cosponsored by a majority of members in the House of
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| Wednesday, June 24, 2009 |
Home sales rose in Ohio and nationwide from April to May but continued to lag last year's levels
The Plain Dealer - cleveland.com
Nationally, the median sale price for an existing home was $173000 last month, down 16.8 percent from May 2008. The median is the midpoint, meaning half the ...
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Housing market takes a step back
Sarasota Herald-Tribune
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What's driving home prices down?
Marketplace
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Bank says OC home prices to drop 19% more - California
OCRegister
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Puerto Rico Housing Market: The Prolonged Depression Continues
NuWire Investor
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Congress Cashes-In in Real Estate Bust
OpEdNews
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| Learning to love falling house prices Blogs.Reuters |
| Home Prices Could Fall for 5 Years AOL Money & Finance |
| Thursday, June 18, 2009 |
SoCal Home Price Rises from Previous Month:
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OC foreclosures increased in May Cali
OCRegister
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Riverside County home sales jump by 28.2, but prices drop 37.9 percent - Cali
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Falling housing starts leave building groups as sick as a brick
Sydney Morning Herald
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South Florida's Housing Crisis Leaves Behind Ghost Towers
Broward New Times
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Worst Housing Number in Decades: What Is the Wall Street Media Smoking?
Seeking Alpha
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Cramer's Housing Call Makes No Sense
Inside Futures
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Mythical land shortage inflates housing cost
Shanghai Daily
By Robert J. Shiller: Many people all over the world seem to have thought that since we are running out of land in a rapidly ...
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| Wednesday, June 17, 2009 |
US Home Prices to Fall 14% More, Deutsche Says
Bloomberg
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Housing Bust Wears Out Furniture Makers
BusinessWeek
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'Millionaire Homes' May Lose Value Until 2012: Chart of the Day
Bloomberg
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4 Ways to Tell When a Real Recovery Has Begun
U.S. News & World Report
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County, cities hammer out plans for federal foreclosure funds
Las Vegas Sun
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Will US housing go the way of Japan?
BusinessWeek
... economy into the Great Depression back in the 1930s. There are similarities to the US: Both countries enjoyed (suffered?) housing bubbles that were fed ...
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Why Ron Paul doesn't like the federal income tax
Examiner.com
This is why Ron Paul doesn't like the federal income tax. [1] This legislation was the 1895 case of Pollock v. Farmers' Loan & Trust Company, 157 US 429; ...
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| Tuesday, June 16, 2009 |
A Housing Recovery? Not Even Close.
Motley Fool
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KB, Countrywide sued over inflated home prices
San Francisco Chronicle
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US Homebuilder Confidence Unexpectedly Fell in June
Bloomberg
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Gloom over California home prices hard to shake
Times of Malta
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Going, going, gone: Auctions of foreclosed homes becoming very ...
Naples Daily News
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Obama $8000 Credit Boosting Home Sales
About - News & Issues
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Roubini, Shiller see more pain for economy
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More Housing Pain Possible: Three New Default Waves Seen Breaking
HispanicBusiness.com
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18 People Charged with Scamming Foreclosure Victims
San Diego
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| Monday, June 15, 2009 |
| The Federal Reserve Denying Housing Bubble Exists! Were they intentionally misleading the American people or just too ignorant to see the trouble brewing in the housing market? MUST SEE VIDEO! Federal Reserve on Housing Bubble: Dummies or Liars?  |
Home values could take years to rebound
South Coast Today
He doubts values will rise sooner, though, because he expects another wave of foreclosures dumping distressed properties on the market this year. ...
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Median US House Prices Crash To $6000 in Detroit
The Market Oracle
The median sales price for homes sold in May was $50000, a 44.3% drop from $89700 in May 2008. Foreclosures continue to drag down prices. ...
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Impossible For Home Prices to Stop Falling? |
Home insurance costs have yet to follow home prices lower
KIVI-TV
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Investors and Speculators Affected by Housing Market Crash
fox4kc.com
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Audit the Fed bill can pass House, gains 222 co-sponsors
Examiner.com
But, ever since the housing bubble burst last year, after the market took a dive in '07, and our cool, non-fear-invoking President stated that this ...
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American Shrinkage: Downsizing our Cities
Daily Kos
I live in a city that has suffered major destruction of the natural landscape due to unfettered growth as part the housing bubble. ...
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Homes You Can Buy With A Credit Card
Forbes
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| Home Owners Associations Foreclosing On "Homeowners" Sacbee.com |
Think We're in a Recovery? Think Again
Hot Air
41% of all homeowners with a mortgage are underwater. With prices destined for another 10% to 20% drop, the number of underwater borrowers will reach 25 ...
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| Friday, June 12, 2009 |
Foreclosures increase as Nevada keeps top spot
Las Vegas Sun
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Florida foreclosures jump 50%; Tampa up 32 %
Brandon News and Tribune
The median sale price of existing homes was $135800 in March. That's down 24 percent from $178300 in March 2008. "You can make a case now that prices are so ...
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Americans' wealth drops $1.3 trillion
CNNMoney.com
Fed report shows a decline of home values and the stock market cut the nation's wealth to $50.4 trillion. By Tami Luhby, CNNMoney.com senior writer Are you ...
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Mortgage Rates in US Rise to Highest Since November
Bloomberg
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Investors bet on Detroit housing market
CNN
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California Enters Depression. You're Next!
Daily Kos
If the definition of depression is down 10%, then we're past that mark. New housing starts are down 84%. The state has lost 26% of its construction jobs, ...
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Option ARMs Threaten Housing Rebound as Resets Peak
Bloomberg
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| Thursday, June 11, 2009 |
Home prices down to 1989 value with
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IAS360 House Price Index
Auburn Journal
The IAS360 House Price Index is a comprehensive housing index tracking monthly change in the median sales price of detached single-family residences across ...
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Nashville home prices down 10.6 percent
The Tennessean
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US Foreclosures Jump 18% On Yr In May, Dn On Month -realtytrac
Wall Street Journal
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The Bubbles Are Gone
Forbes
Is there any reason the housing or the financials will? The real estate bubble, or maybe it was a credit bubble, is gone and not likely to return. ...
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Senators Want Homebuyer Tax Credit to Rise to $15000
Bloomberg
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The Mortgage Uptick Just Killed The NYC Housing Recovery
The Business Insider
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| Fed's Failing at Fixing Mortgage Rates businessweek.com |
Home Equity Loans Complicate Mortgage Assistance
NPR
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Why I Think the Housing Bubble Has Not Yet Bottomed
Atlantic Online
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| Wednesday, June 10, 2009 |
As economy goes, so goes Marin and other housing markets - California
Contra Costa Times
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Expert expects tight credit through 2010
Inman.com
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Industry Pushes to Extend Home-Buyer Tax Credit
Wall Street Journal
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| Maui house, condo resales sink 40 percent honoluluadvertiser.com |
| Minneapolis man accidentally boarded in his house - Video StarTribune.com |
Some owners who used homes to buoy finances are sinking
Los Angeles Times
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Mortgage Crisis and Unemployment Hitting Local Homeowners Hard - Illinois
WIFR
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A Regional Central Banker Blows the Whistle
Lew Rockwell
This was the source of the bubble in the first place. Greenspan denied that anyone can identify a bubble in the making. What if we do not get the reforms we ...
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How to Spot the Bottom
Kiplinger.com
Why it matters: Housing and related industries are a huge part of the US economy. The economy can't grow much until consumers believe home values are no ...
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| Tuesday, June 9, 2009 |
A Housing Recovery: Not So Fast
Kevin Sites in the Hot Zone
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Yale's Shiller: Don't expect a quick rebound in home prices
Daily Finance
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Mortgage-Bond Yields Jump to Highest Since Fed's Buying Plan
Bloomberg
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Optimistic Unemployment and Housing Market Forecasts Looking Silly
The Market Oracle
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Next foreclosure wave building with defaults on fixed-rate loans
Las Vegas Sun
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Fixing Housing Prices By Encouraging A Free Fall
24/7 Wall St.
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The Expanded First-Time Home Buyer Tax Credit: 10 Common Questions ...
U.S. News & World Report
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| Monday, June 8, 2009 |
Buyers frustrated by bidding wars, uncertain sellers: Bargains abound, but 'short sales' fraught with complexity
Trading Markets
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Homeowners Struggling To Stay Above Water
Hartford Business
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Insight From Inside the Mortgage Crisis
Washington Post
He admits to all the unbelievably bad decisions he and his wife made, starting with purchasing a home when she didn't have a job and he was handing over ...
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Foreclosure and how it affects your credit.
Examiner.com
Want to know if you have to pay a real estate agents commission when you buy or sell? Want to know if you're qualified to modify your home loan? ...
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Palm Beach, Broward counties reducing home prices with the best of 'em - Florida
Sun-Sentinel.com
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| Sunday, June 7, 2009 |
House Prices Likely To Crash Through Fair Value And Bottom Down 45%-50%
The Business Insider
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Home Prices: This slide is but a taste of things to come
Gerson Lehrman Group
Home prices have now seen some pretty serious declines in some areas. Based on the CNN article, we have seen prices fall as much as 59.1% (Cape Coral-Ft. ...
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Riding the real estate roller coaster
Financial Post
"We keep waiting for the big housing crash," said Ms. Harding. They look to the situation in the United States and see prices dropping by as much as a third ...
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Economist: Housing bubble caused Great Depression, too
Bellingham Herald
BELLINGHAM - Nobel Prize-winning economist Vernon Smith draws some disturbing parallels between the events that led up to the Great Depression of the 1930s ...
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Next loan disaster?
Columbus Dispatch
The FHA began insuring mortgages in the 1930s in an effort to make home ownership a foundation of family stability during the Great Depression. ...
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| Friday, June 5, 2009 |
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Southern California property values sink below historic norms
Los Angeles Times
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Higher rates taking toll on home loan demand: GMAC
Reuters
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Red tape, investors hamper housing aid-US official
Reuters
The Obama housing plan goes further than past efforts to aid distressed homeowners because it targets both delinquent borrowers and those who could simply ...
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Audit the Federal Reserve: why we need Congressman Ron Paul's HR 1207
WEBCommentary
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Nearly 1 in 4 homes for sale reduced price
Reuters
A total of 23.6 percent of houses have seen their price cut. The average reduction was 10.6 percent of the original price, or $43650 of a median house price ...
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| Why the Present Depression Will Be Deeper than the Great Crash of 1929 oftwominds.com |
The Top 10 Housing Markets for the Next 10 Years
U.S. News & World Report
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The Trouble Lurking in Subprime's Wake
Voice of San Diego
The fallout from subprime has devastated some neighborhoods and has intensified the housing crash. Now analysts are trying to gauge the potential impact of ...
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| Thursday, June 4, 2009 |
| Economic recovery is wishful thinking Infowars.com |
 Tim Geithner's Home Not Selling, Now Up For RentTreasury Secretary Tim Geithner has had a hard time selling his New York house. Take a look around the interior of this Westchester home. Now For Rent CNBC.com |
Government Sponsored Disaster:
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Why US Housing 'Stabilization' Is the Mother of All Head Fakes
Contrarian Profits
If they're right, it means more pain ahead for banks and the muting of green shoots optimism as waves three, four and five of the housing crash impact the ...
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Higher Interest Rates Taking Toll On Loan Demand
CNBC
The US housing market is in the midst of its worst downturn since the Great Depression, with home prices falling since hitting a peak in the second quarter ...
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Unprecedented Forecast Updates on Housing Predictor
American Chronicle
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Foreclosures Hit 'Milestone': 1 Million in '09
Wall Street Journal Blogs
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| Wednesday, June 3, 2009 |
First-time home buyers grabbing houses and tax credit
Kansas City Star
Prices are unlikely to rise until foreclosures start declining, and that's unlikely to happen before the end next year. The national median sales price in ...
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Hovnanian reports 11th loss as home prices decline
Asbury Park Press
The median price dropped 15 percent, while foreclosure filings rose to a record 342038. "The economy recovers first, then the housing market — and then the ...
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US mortgage rate rise threatens housing recovery
Reuters
Many American homeowners may have been caught by surprise, having been told for months that the Fed would keep interest rates low. ...
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Reinflating the bubble won't bring the economy back
Examiner.com
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Worst Cities for Credit Card Debt
ABC News
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| Tuesday, June 2, 2009 |
House Prices Are Down (again) And Will Continue To Go Down!
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Defaults Forecast to Rise on Re-Worked Mortgages
creditfyi.com - 10 hours ago
According to Fitch Ratings, up to 75 percent of mortgage loans that are modified may still end up defaulting after 12 months. "Loan modifications hold clear ...
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How Obama's Stimulus Plan Could Cause A Deeper Recession
NuWire Investor
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The Two Reasons Banks Offer Bad Loan Modifications
Nurido
Banks are pushing this line on homeowners for the same reason they originally supported subrpime, stated income, and no documentation loans — it works out ...
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What does a housing bottom look like?
OCRegister
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Foreclosure boom shows no sign of end - Florida
Bradenton
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| Monday, June 1, 2009 |
Neighborhoods emptying in Lake Elsinore, region's foreclosure capital - California
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Calif. near housing bottom? Not so fast!
OCRegister
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| Mortgage Meltdown, More Pain To Come Mish's Global Economic Trend Analysis |
Housing bubble begins to burst across the globe
Daily Mail
By Sam Fleming Anyone who is under the impression that Britain was alone in suffering a housing crash should think again. The global financial collapse has ...
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Fed Mortgage Efforts Prove Costly
Wall Street Journal
Last week, the average 30-year mortgage rate rose from about 5% to at least 5.25%, by most estimates, reaching as high as 5.5% for some lenders late in the ...
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Home prices continue slide - Yuma, AZ
Yuma Sun
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Another Reason Obama's Mortgage Mods Aren't Stopping Foreclosures
The Business Insider
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Ron Paul's rEVOLution Versus the "One Ring" of the Federal Reserve
Nolan Chart LLC
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Second wave of foreclosures
Santa Rosa Press Democrat
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