Contents Pages by Subject

Housing

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Michael Shedlock / Mish

Lastly, I've added another chart titled "Negative Quarters" which shows many quarters each city has seen price declines (for example Phoenix and New York Metro have seen price declines for 11 of the last 11 quarters).

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Bloomberg

Home prices in 20 U.S. cities fell 19 percent in January from a year earlier, the fastest drop on record, as demand plummeted and foreclosures rose. The S&P/Case-Shiller index’s decrease was more than forecast and compares with an 18.6 percent decrea

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NY Times

Like a dozen or so other cities across the nation, Fresno is dealing with an unhappy déjà vu: the arrival of modern-day Hoovervilles, illegal encampments of homeless people that are reminiscent, on a far smaller scale, of Depression-era shantytowns.

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MSNBC

Nicholle Krause first noticed the weeds sprouting in the usually well-manicured grounds of her 320-unit apartment complex in Chandler, Ariz., in December. Soon, signs of neglect began multiplying: Garbage spilled over from the dumpsters, the water in

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Reuters

Ron Barnard is throwing in the towel. Like a growing number of the 8.3 million American homeowners who owe more on mortgages than their homes are worth, he's ready to just walk away. Barnard and others like him are starting to worry market expert

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AZcentral.com

The median foreclosed home value of $164,470 was higher than the median resale price, which ASU Realty Studies Director Jay Butler said was due to higher-end homes going into foreclosure while the resale market focused mainly on less expensive homes.

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housingwire.com/

Notices of Default, Sales at Auction and negative equity at foreclosure surged once again in February, according to Foreclosure Radar’s California Foreclosure Report released Friday. Notices of default increased 21.3 percent from January...

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AP

"It doesn't bode well," for the embattled U.S. housing market, said Rick Sharga, vice president for marketing at RealtyTrac, a foreclosure listing firm. "At least for the foreseeable future, it's going to continue to be pretty

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AP

An eastern Missouri family expects they'll be able to stay in their home built inside a cave after accepting an offer of a private mortgage contract. A New Jersey-based business offered a 15-year loan with a low interest rate that should allow th

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Reuters

An auction of foreclosed homes in New York City drew protesters who blamed banks for an epidemic of home losses and called for a moratorium on evictions and foreclosures. Two dozen people marched outside a Manhattan convention center where Real Estat

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finance.yahoo.com/

Despite the 25 percent nationwide decline since the 2007 peak, U.S. house prices have still only fallen halfway to fair value. So whatever you think of Obama's plan, don't count on a quick housing-market turnaround.

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International Herald Tribune

About 28 percent of mortgage borrowers now owe more than the value of the houses, according to Zelman & Associates. And with equity stocks down 45 to 50 percent, their assets have shrunk more alarmingly, making them less good risks.

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Peter Schiff for LewRockwell.com

The ringleaders are still at-large and are, in fact, busy hatching a plan to dwarf the earlier mistakes.

PurePatriot