Contents Pages by Subject

Housing

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HousingDoom.com

Wages of Americans have been falling (in real dollars) since 1970, making 1970 house-prices a reasonable point-in-time to look at as a possible, long-term equilibrium point for prices. That implies that U.S. house-prices will fall another 75%...

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CNBC.com

“There is a buildup in delinquent loans that are not in foreclosure,” said Rick Sharga, senior vice president of RealtyTrac, adding that banks and lenders are slowing the process to avoid a drop in home prices. “It’s a managed slowdown...

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ZeroHedge.com & CNBC.com

Now home buyer confidence is back in the dumps, which is clear from another report out today showing that for the 3rd straight month the percentage of home sellers on the market who have slashed their asking prices at least once has gone up.

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The New York Times

As the economy again sputters and potential buyers flee — July housing sales sank 26 percent from July 2009 — there is a growing sense of exhaustion with government intervention. Some economists and analysts are now urging a dose of shock therapy tha

News Link • Global Reported By Richard Deyoung
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TheAutomaticEarth.blogspot.com

Imagine what another 20%, 30% or 50% drop in home prices would do. To you yourself, to your neighbors, to your community, your town. And, in the end, the nation.

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Businessinsider.com/

The following chart shows household formation data. It shows new household formation rates through June 2010. The first half of this year saw negative household formation rates in the US, which is unprecedented.

thelibertyadvisor.com/declare