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News Archives
September 2009
| Wednesday, September 30, 2009 |
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Foreclosures take bite out of real estate recovery - NY
Newsday
Median prices for home closings fell from $402000 last September to a five-year low of $350000 in January, according to data from the Long Island Board of ...
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Las Vegas Housing Market Still in the Tank
KLAS-TV
The median price for existing homes is down to $125000 from $280000 at the peak in 2006. Now there's a whole lot more inventory. The glut of foreclosures is ...
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Home Prices in 20 US Cities Fell Less Than Forecast
Houston Chronicle
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Why Are We Lying to Ourselves About Our Catastrophic Economic Meltdown?
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Ron Paul Talks "End The Fed" On Daily Show
Emailwire
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The Anti-Fed Revolution Is Happening
Prison Planet.com
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Fed's Actions are Criminal; Congressmen Who Facilitate Them Should Be Prosecuted
The People's Voice
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America's Best Affordable Places to Retire
U.S. News & World Report
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Neighbors Say Man Trying To Profit From Own Foreclosure
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Income drops across the US
Detroit Free Press
Median income fell last year from $52163 to $50303, wiping out a decade's worth of gains to hit the lowest level since 1997. And the wealthiest 10% of ...
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| Monday, September 28, 2009 |
Looming foreclosures may hammer home prices
USA Today
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South Bay home prices slip 2.5% from prior month - CA
Daily Breeze
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| Be wary of buying into a condo with HOA Sfgate.com |
Dispute With Banks Continues To Dog US Mortgage Relief Program
Wall Street Journal
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Short-Sale Debt Could Follow You
Washington Post
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Commercial Real Estate Day or Reckoning is Here
The Market Oracle
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Fannie Mae Raises Lending Criteria
DSNews.com
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'Audit the Federal Reserve' bill gains steam
Los Angeles Times
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| Friday, September 25, 2009 |
Housing Crash USA to Resume This Fall!
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End of the Summer Real Estate Surge:
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In nine area ZIP codes, home values are less than they were in 1999 - Florida
Sun-Sentinel.com
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The Federal Reserve vs the Constitution
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Fed Hearing Today
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National debt puts housing stimulus programs at risk, and has Wall Street very nervous
Examiner.com
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| Wednesday, September 23, 2009 |
US Mortgage Delinquencies, Already at an All-Time High, Keep Rising
DSNews.com
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The upside of Florida real estate: 15 market positives
WQAD
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Hawaii Most Expensive Housing in Country
KGMB9
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US July home prices up 0.3 pct, off 4.2 pct in year
Forbes
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Is Commercial Real Estate Crash Next?
CBS 3
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HUD secretary: Housing crisis improving, not over
Philadelphia Inquirer
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Return to Housing Peak is 10 Years Away, Analysts Say
RisMedia.com
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| Banks Force Houseowners to Keep Paying After Short Sales Businessweek.com |
| Extending Tax Credit For First-time Homebuyers Is Bad Policy Lasvegassun.com |
A Get-Out-Of-Jail-Free Card For 60 Million Mortgages?
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Inside mortgages: How lenders set rates
Western Edition
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| Monday, September 21, 2009 |
$30 billion home loan time bomb set for 2010
San Francisco Chronicle
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After Housing crash, loan officers are reined in
AZ Central.com
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Behind the housing numbers, signs of continued pain
Seattle Times
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FHA keeps housing financing afloat
Press of Atlantic City
Created to assist the housing market during the Great Depression, the FHA returned to the front lines in this severe recession by backing bigger mortgages ...
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What exactly did the Fed do with Two Trillion Dollars ?
Center for Research on Globalization
We have just been through a year in which the Great Depression was a more frequent topic of conversation than the Superbowl, World Series, ...
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The Recession has Technically Ended: Surely You're Joking, Mr Bernanke
Center for Research on Globalization
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| "Option" mortgages to explode, officials warn News.yahoo.com |
| Realtor Suspected Of Burning Own House Down After Failing To Sell - CA A husband and wife are suspected of burning down their $1 million home in Tracy last summer — a blaze that almost killed several firefighters. Tracypress.com |
| Analysts say it will take more than 10 years to recapture peak home prices Marketwatch.com |
Federal Reserve Considers Controls On Pay At 5000 Banks
Right Side News
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The Power Of The fed And Deflation
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'09 job losses to double those of '08
Detroit Free Press
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| Thursday, September 17, 2009 |
| Ron Paul's "End The Fed" Book Among Amazon Top Selling Books! |
| Many find they're happier renting than owning NYTimes.com |
Home sales up, but high foreclosures drag down prices - TX
San Antonio Express
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A chilling prediction on home prices
Boston Globe
For all you doom and gloomers out there who missed it, one of Wall Street's top banking analysts is predicting another huge drop in home prices. ...
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| Housing Recovery Falters With Waning Govt. Stimulus Cnbc.com |
Homebuyer Tax-Credit Extension Gains Lawmaker Support
Bloomberg
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Coldwell Banker Taps San Diego Short Sale Market After Buying Local Firm
DSNews.com
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Wednesday, September 16, 2009 |
Is housing recovery stumbling?
OCRegister
"The banking industry is about to get pounded with more foreclosures and a tsunami of commercial real estate losses, and we are not even close to the 1.5 ...
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Southern Calif. home sales down in Aug. from July
Forbes
Foreclosures have helped push down home prices across Southern California, the most populous region of the country's most populous state. The median price ...
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US home prices to decline 11%, Deutsche Bank says
Washington Examiner
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Why is US credit shrinking at Great Depression rates?
BloggingStocks
Add to this the slew of home foreclosures that continue in the housing industry. Further add the almost 10 million people without jobs, and you have the ...
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Fight Looming on Tax Break to Buy Houses
New York Times
Now the question is becoming whether the housing market can function without it. As many as 40 percent of all home buyers this year will qualify for the ...
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Many mortgage modifications push payments .... higher
USA Today
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New wave of mortgage foreclosures may be coming
KFOR
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Fed Threatens Depression, $100 Bills Worthless
Basil & Spice
16 publication of End the Fed: Both Grim and Paul cite the failure of the Fed to see the housing bubble as it happened, with former Federal Reserve Chairman ...
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Eviction patrol heats up on US foreclosures
Reuters
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2nd leg of Economic Crash Ready to Hit in December 2009!
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| The Perfect Storm Continues for Real Estate and the Economy In spite of the recent good news regarding sales (increasing in most areas) and prices (declining at a slower rate, again in most areas) we are about to experience the second wave… kind of like we are in the eye of the storm… and the backside is barreling down on us. BiggerPockets.com |
| Monday, September 14, 2009 |
Meredith Whitney: Home Prices Could Drop Another 25%
The Business Insider
"No bank underwrote a loan with 10 percent unemployment on the horizon," Whitney said. "I think there is no doubt that home prices will go down dramatically ...
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Home prices continue to fall in Central Florida
WDBO Radio
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Foreclosures in US Exceed 300000 for Six Months in a Row
Right Pundits
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Mortgage problems are walloping Americans' credit scores
Los Angeles Times
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4 signs your home value could drop
Ethiopian Review
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Buying & Bailing: Walking away from 'underwater Mortgages Has Pitfalls
Las Vegas Review - Journal
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Housing on the mend? Not so soon, experts say
Monitor
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Same Old Hope: This Bubble Is Different
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Banks' appetite for risk is rebounding 1 year after crisis; Is the financial system any safer?
Los Angeles Times
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END THE FED By Ron Paul
Washington Post
"Nothing good can come from the Federal Reserve," Paul writes. It's "immoral, unconstitutional, impractical, promotes bad economics, and undermines liberty. ...
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5 lessons from the crash
CNNMoney.com
Then again, how many of us paid attention when Yale economist Robert Shiller -- who correctly called the Internet bubble -- started warning that homes were ...
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| Wednesday, September 9, 2009 |
70% of July home sales in Las Vegas were foreclosures
Los Angeles Times
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King County home prices down 11.5% - WA
Seattle Daily Journal of Commerce
— The median selling price of a King County single-family home was $375000 in August, down 11.5 percent from a year earlier and 2.3 ...
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Foreclosures keep lid on home prices - So Cal
OCRegister
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Oahu home prices drop, sales flatten out
Bizjournals.com
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What We've Learned: Ugly Truths About Housing
New York Times
What have we learned from the great housing bubble and crash of the aughts? Most obviously, we have learned that housing prices can be extraordinary ...
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Corruption: Federal Reserve Bank aiding lawbreakers
Examiner.com
The Fed is currently devising several programs that will extend banking services to illegal aliens, and most of this money transfer scheme was created under ...
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Five more banks fail -- 89 so far in 2009
CNNMoney.com
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| Tuesday, September 8, 2009 |
Is Homeownership Good for the Kids? Not Necessarily
Ethiopian Review
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Housing Bubble Nothing Compared to Next Bubble to POP!
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FHA on track for busiest year
Cincinnati.com
"Without FHA, the housing slide would be much more severe. We wouldn't be talking about a recovery now. We'd still be talking about a crash. ...
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And So The Next Crisis Begins: FHA Loans Starting to Default in Increasing Numbers
Benzinga
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The US couple behind the housing crisis
BBC News
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| The Great American Home Affordability Scheme The Automatic Earth |
| Las Vegas Condo Buyers Lose Big On The Strip Businessweek.com |
Homeowners Forced into Role of Landlord for Houses They Can't Sell
DSNews.com
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Homeowners Forced into Role of Landlord for Houses They Can't Sell
DSNews.com
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| Friday, September 4, 2009 |
| Housing is not Finished Falling & Your Money is Not Safe in the Bank! In America the safety net of the FDIC doesn’t exist. It is virtually broke and that is why a few months ago unofficially the FDIC asked government for $500 billion. Putting this into perspective, about $700 billion would insure about 1% of all the qualifying deposits in the US. Fairy Tales of Recovery, Reality of More Failures Infowars |
Foreclosures Continue to Taint Phoenix Real Estate Market - AZ
Knowledge@W. P. Carey
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No Uniform Recovery for Housing
Wall Street Journal
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| Buying A Foreclosure Can Be Tricky Globaleconomicanalysis.blogspot.com |
The Depths of Mortgage Debt
New York Times
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| What Would the United States Look Like Without the Federal Reserve? Americanbankingnews.com |
Uncle Sam Blowing Fresh Air Into the Housing Balloon
Wall Street Pit
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How long will low mortgages rates last?
Scripps News
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Troubles For 'Prime' Borrowers Intensify
Wall Street Journal
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| Tuesday, September 1, 2009 |
Former Wells Fargo Subprime Loan Officer: Bank Targeted Black Churches as Part of Predatory Subprime Lending Scheme
Democracy Now
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Investors pluck deals from housing crash wreckage - Southern California
North County Times
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Housing Affordability Reaches New Highs
NuWire Investor
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More Foreclosures Than Home Sales, Again - San Diego
Voice of San Diego
... lows set earlier in this downturn, it's still well lower than it was at any time during the two decades or so that preceded the current housing crash. ...
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The Depths of Mortgage Debt
New York Times
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What the Fed Audit Would Mean
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Is The Housing Recovery Sustainable?
Seeking Alpha
The Case-Shiller Index of home prices displayed another increase, this time of more than 1% in a month. I say 'almost' universally positive because ...
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US Cities' Woes to Worsen as Taxes Trail Pace of Recovery
Bloomberg
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Talkback: What did you buy with your $8000 tax credit?
CNNMoney.com
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Case-Shiller Flashing The "Ultimate False Bottom" In Housing
The Business Insider -
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