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If you want to know how the 2008 presidential election was won you need to look no further than the nation's biggest foreclosure centers. Seven of the top 10 foreclosure states voted Republican in the 2000 and 2004 presidential elections, while three...
Looking at fourth down and goal with time running out, and having resorted to every trick in the playbook, including lending billions to help out the nation’s — and the world’s — struggling financial systems, Ben Bernanke and his team over at the Federal Open Market Committee tried a run up the middle one more time Wednesday, lowering the ever-popular federal funds rate by half a percent to 1 percent.
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There’s good news and bad news when it came to home prices nationally in August. Let’s start with the good news for a change.
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Free-market purists have to love the lead in The Washington Post story Friday about the real estate market in Prince William County, Va., a suburb of Washington, D.C.
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Speaking before a packed house at the California Association of Realtors Expo 2009 in Long Beach, Calif., Wednesday, chief economist Leslie Appleton-Young seemed a bit uneasy as she delivered her 2009 California Housing Market Forecast.
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In an unprecedented move aimed at quelling the mounting tidal wave of unrest affecting the world’s economies and investors, the Federal Reserve, in partnership with other central banks around the world, pulled off a coordinated reduction of short-term interest rates Wednesday.
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Home prices in 20 of the nation's major metro areas in July were collectively down 16.3 percent from a year ago, according to the S&P/Case-Shiller Home Price Index released today. Prices in those metro areas were down 19.5 percent from their peak...
Peter Miller, author of the Common-Sense Mortgage, has offered up some alternatives to the proposed $700 billion bailout plan. Below are excerpts from an article he wrote about these alternatives. "One alternative is to simply offer low-interest...
Financial analysts who were hoping for some downward movement on interest rates yesterday by the Federal Reserve were disappointed as Ben Bernanke and his merry band unanimously voted to do nothing.
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Could a flood of foreclosures that began to swell last year be close to cresting? That could be a first-blush interpretation of the numbers in the RealtyTrac U.S. Foreclosure Market Report released today. The chart below shows how the annual rate of increase...
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