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The term shadow inventory has become quite a buzz word over the past couple years, representing all that is uncertain and scary in this housing market. But shedding light on that shadow inventory is what is needed to face the true scope of the problem and remove all the uncertainty surrounding it. I...
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Time for More Housing Stimulus? By Nick Timiraos, Wall Street Journal, Aug. 22, 2011 A New York congressman — Rep. Gary Ackerman (D., N.Y.) — is preparing legislation designed to provide a heavy dose of stimulus to the housing market by enticing first-time home buyers and investors to buy...
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Housing Starts in U.S. Fell in July as Construction Stagnated By Shobhana Chandra, Bloomberg News, Aug.16, 2011 Builders began work on fewer homes in July, indicating residential real estate is failing to contribute to U.S. growth two years into an economic recovery. Housing starts fell 1.5 percent to...
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Housing Bust Reverses Ownership Gains By Dawn Wotapka, Wall Street Journal, July 29, 2011, The number of Americans who own their homes continued to decline in recent months and now is at the lowest level since early 1998. The nation’s home-ownership rate stood at a seasonally adjusted 66% in the...
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7 Reasons Why Now’s a Good Time to Buy a Home June 8, 2011, CBS Money Watch The bad news for the housing market sometimes seems like it will never end. In the latest round of housing data, home prices continued to drop as did the number of home sales. Foreclosures remain a major weight dragging...
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RealtyTrac’s CEO James J. Saccacio Receives Distinguished Alumni Award May 13, 2011, News Release RealtyTrac® ( www.realtytrac.com ), the leading online marketplace for foreclosure properties, today announced that RealtyTrac Chief Executive Officer James J. Saccacio will receive the 2011 Distinguished...
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Critical Signs in Foreclosure Talks Wall Street Journal, April 12, 2011 Hopes are fading for a far-reaching settlement between regulators and banks over improper home foreclosures as some regulators press ahead to reach their own settlements with banks that others involved in the talks deem weak. The...
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10 Reasons To Buy a Home September 16, 2010, Wall Street Journal Enough with the doom and gloom about homeownership. Sure, maybe there's more pain to come in the housing market. But when Time magazine starts running covers that declare "Owning a home may no longer make economic sense,"...
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US Homes Lost to Foreclosure Up 25% on Year September 16, 2010, Associated Press Lenders took back more homes in August than in any month since the start of the U.S. mortgage crisis. The increase in home repossessions came even as the number of properties entering the foreclosure process slowed for the...
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Economist Shiller Sees Potential for 'Double Dip' Recession Wall Street Journal, August 28, 2010 With the U.S. economic recovery losing steam, the chances of a second phase of a slowdown are increasing, according to a leading economist. Speaking in The Wall Street Journal's The Big Interview...