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Home Prices in 20 U.S. Cities Fell Less Than Forecast September 29, 2009, Bloomberg News Home values in 20 U.S. metropolitan areas declined less than forecast in the year ended in July, a sign the housing slump that led to the worst recession in seven decades is abating. The S&P/Case-Shiller home...
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Housing Crash to Resume on 7 Million Foreclosures, Amherst Says September 24, 2009, Bloomberg The crash in U.S. home prices will probably resume because about 7 million properties that are likely to be seized by lenders have yet to hit the market, Amherst Securities Group LP analysts said. The “huge...
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High Anxiety Over the $8,000 Home Buyer Tax Credit September 16, 2009, Wall Street Journal Builders are so eager for an extension and expansion of the popular first-time home-buyer tax credit, they’re taking out ads. The National Association of Home Builders and other housing players this week...
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Foreclosures Hit ‘Milestone’: 1 Million in ‘09 Wall Street Journal Here’s a bleak milestone: there’s been more the 1 million foreclosures filed in the U.S. so far this year, according to a count by the Center for Responsible Lending. Not all of those foreclosures will result...
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The Coming Debacle in Commercial Real Estate New York Times Though it came as no surprise to investors, the collapse of General Growth Properties, the nation’s second-largest mall owner, has stirred new fears about a coming debacle in commercial real estate. The global credit crisis , weakening...
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What if you are a renter who is faithfully paying your rent on time, but your landlord isn’t paying the mortgage? Sadly, since most state and local laws often don’t provide basic protections for renters during the foreclosure process, many tenants are caught in the legal crossfire and stung...
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Freddie's 2008 Loss Exceeds $50 Billion Washington Post Freddie Mac reported yesterday that it lost $50.1 billion last year, almost half of it in the final three months of 2008, and would need an additional $30.8 billion in taxpayer assistance to stay solvent. With turmoil continuing this year, Freddie...
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Bernanke Outlines Steps to Avoid Future Crises Wall Street Journal U.S. Federal Reserve Chairman Ben Bernanke on Tuesday outlined steps he thinks would help avert future financial crises, saying the time for such a longer-term discussion has come even as policy makers address the worst crisis since the...
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Don't Let Judges Tear Up Mortgage Contracts Wall Street Journal February 13, 2009 The nation faces a foreclosure crisis of historic proportions, and there is an understandable desire on the part of the federal government to "do something" to help. House Judiciary Chairman John Conyers's...
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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...