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New Home Sales Tanked 32.7% in May June 23, 2010, CNNMoney.com New home sales plummeted to a record low in May, the first month following the expiration of the homebuyer tax credit. This snapped a two-month streak of gains. New home sales declined 32.7% to a seasonally adjusted rate of 300,000 last month...
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May Foreclosure Rate Steadies as Banks Hold Back Associated Press, June 10, 2010 The number of people facing foreclosure is nearly flat from a year ago, according to the latest report from a private foreclosure listing service. A third fewer people are receiving legal warnings that they could lose their...
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Home Price Index Shows 1st Annual Gain in 3 Years April 27, 2010, The Associated Press Home prices rose in February, the first annual increase in more than three years, but fell short of analysts' expectations. But results of the Standard & Poor's/Case-Shiller 20-city home price index were...
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Fewer People Falling Behind on Home Loans February19, 2010, Los Angeles Times The number of borrowers falling behind on their mortgage payments dropped sharply at the end of last year, a sign the foreclosure crisis is beginning to ebb. The Mortgage Bankers Association said Friday that the percentage...
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Foreclosures on the Rise in 2009 October 27, 2009, USA TODAY Home foreclosures increased 22.5% in third quarter 2009 vs. third quarter 2008. This interactive shows the percentage of housing units that received at least one foreclosure filing during the quarter, the total number of housing units with...
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A Look Ahead To the Great Resetting October 3, 2009, Washington Post Millions of adjustable-rate mortgages are going to reset in the coming years, possibly to higher interest rates, creating the prospect of a new round of foreclosures. About 10 percent of all mortgages in this country are scheduled to...
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A New Bubble Of the Fed's Creation September 23, 2009, Washington Post For the past two years, the central challenge of U.S. economic policy has been to find a way to stabilize the financial system and the economy without reinflating the bubble or going back to the days of consuming more than we...
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New-Home Sales Post Another Strong Gain August 26, 2009, Wall Street Journal New-home sales climbed more than anticipated in July, staging their fourth straight month of strong gains to add to evidence that the housing market is emerging from its long slump. Sales of single-family homes increased by...
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How One City May Punish Banks for Foreclosures August 24, 2009, TIME Magazine It's hard to drive down a residential street in Miami Gardens, Fla., and not see two, three, four houses in foreclosure. Some have been on the auction block since last year, once handsome, pastel-colored ranch houses now...
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Mortgage Delinquency Rate Hits All Time High in 2Q Associated Press The delinquency rate on U.S. mortgage loans hit an all-time high in the second quarter, but the pace of growth for the rate slowed, a possible sign the mortgage crisis may be beginning to turn the corner. Data provided by credit reporting...