Case-Shiller Number Show Price Declines, Obstacles Delay REO Sales

Octavion — Tue, 27 Jan 2009 18:54:00 GMT

Look at Case-Shiller Numbers, by Metro Area
Wall Street Journal
January 27, 2009

The S&P/Case-Shiller home-price index, a closely watched gauge of U.S. home prices, showed accelerating price declines.

Obstacles Delay REO Sales
Inman News
January 27, 2009

This is the second installment in a two-part series that focuses on the waves of foreclosed, bank-owned properties (also known as real estate-owned properties or REOs) that will hit the for-sale market, and the plans and pitfalls for reducing this inventory. Part One ran yesterday.

Making Foreclosures More Orderly
New York Times
January 27, 2009

At the center of the financial maelstrom are millions of homes at risk of foreclosure. These homes are the assets that lie behind the toxic securities that have poisoned the balance sheets of the banking sector. What can be done about all those foreclosures?
That’s it for today.

Bankruptcy Fix Will Cut Foreclosures 20 Percent
Reuters
January 27, 2009

A plan to let bankruptcy judges erase some mortgage debt will help lower foreclosures by 20 percent and stabilize the troubled housing market, a Credit Suisse report concluded on Monday.

The Specter of Nationalization
The Economist
January 27, 2009

There are ways for governments to revitalize banks without taking them over.

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Case-Shiller Number Show Price Declines, Obstacles Delay REO Sales