Housing Market News

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Thu Dec 2 2010

Orange County house prices still triple US costs (lansner.ocregister.com)

North Texas housing prices slip 2.6% (dallasnews.com)

Walk Away: The Rise and Fall of the House-Ownership Myth (mises.org)

India figures out that teaser loans are a bad idea (economictimes.indiatimes.com)

Fed's Tarullo: Housing Bubble 'Hangover' Still Very Much With Us (imarketnews.com)

Federal Reserve made $9 trillion in emergency loans (money.cnn.com)

Fed data reveal wide scope of loan action during financial crisis (washingtonpost.com)

Money For Nothing: Wall Street Borrowed From Fed At 0.0078 Percent (huffingtonpost.com)

House prices: Double dip (economist.com)

The Danger of a Global Double Dip Recession Is Real (politics.usnews.com)

The Big Economic Story, and Why Obama Isn't Telling It (robertreich.org)

Judgment against Bank of America: you must own the note (usawatchdog.com)

The mortgage foreclosure legislation Congress won't touch (ourbroker.com)

Joseph Stiglitz on American banks (economist.com)

Amazon Drops WikiLeaks (But wikileaks.org is still running!) (Mish)

New advice book: "Underwater Home" (amazon.com)

Find the real worth of property, based on rents

Wed Dec 1 2010

Portland's Housing Bubble Continues To Deflate (news.opb.org)

New negative trend in Phoenix housing market (physorg.com)

Chicago house prices continue their downward spiral (news.medill.northwestern.edu)

Miami house prices decline (miamiherald.com)

House prices falling faster in most metro areas (news.yahoo.com)

It's Confirmed, The Housing Double Dip Is Here (businessinsider.com)

Real House Prices, Q3 2010 (calculatedriskblog.com)

House Buyers Avoid Foreclosure Properties (housingpredictor.com)

No Mortgage Payment In 32 Months And Hasn't Been Kicked Out Yet (dailybail.com)

As housing problems linger in US and Ireland, so do fears (dallasnews.com)

True power in our societies resides with the banks (theautomaticearth.blogspot.com)

WikiLeaks' Next Target: Bank of America? (dealbook.nytimes.com)

An Interview With WikiLeaks' Founder Julian Assange

Interpol issues arrest warrant for WikiLeaks' Founder for "sex crimes" (smh.com.au)

Finding a Post-Crash Economic Model (online.wsj.com)

The Showdown On Tax Cuts for the Rich (robertreich.org)

Free advertising for real estate lawyers (patrick.net)

Hard to collect on mobile home unpaid property taxes (press-citizen.com)

Tue Nov 30 2010

Foreclosure Comes to East Lake Shore Drive (chicagomag.com)

Million dollar foreclosures grow in Southern California elite housing markets (doctorhousingbubble.com)

Sheryl Crow Hit by Real Estate Crash; House Auctioned (theimproper.com)

Dykstra house is sold at auction (vcstar.com)

The housing problem in 3 pictures (pragcap.com)

Ireland Is Not Iceland (usawatchdog.com)

If Ireland Doesn't Take The Bailout... (gonzalolira.blogspot.com)

Bank of Spain Calls on Country's Lenders to Disclose Real-Estate Holdings (bloomberg.com)

India Property prices may crash as loan scam hits funding (economictimes.indiatimes.com)

Defaults on US Commercial Mortgages Held by Banks Rose in Third Quarter (bloomberg.com)

BankAtlantic guilty of misleading investors about real estate loan portfolio (housingwire.com)

WikiLeaks plans to release a U.S. bank's documents (reuters.com)

"Shadow inventory" of 2.1 million houses may loom in U.S. market (latimes.com)

Why Pay the Mortgage or Rent when you can have 16 Months of Free Shelter? (Mish)

Foreclosure Process Often Abused by Owners in Debt (thirdage.com)

Foreclosure Freeze Chills House Buying (housingwatch.com)

Foreclosure "robo-signing" scandal impact: Sales dry up (money.cnn.com)

Foreclosure fraud Hitler parody (youtube.com)

Warning signs of a meth house (ourmethhouse.blogspot.com)

Mon Nov 29 2010

Realtors attempt to deny patrick.net first amendment protection (patrick.net)

Couple finds lower bid accepted instead of theirs; Realtors face ethics case (startribune.com)

Half the houses in Richmond's 94801 zip code in foreclosure, or getting there (baycitizen.org)

US Foreclosures at all Time Highs, 640% Above Historical Averages and Rising (realestatechannel.com)

Some Arizona houseowners still owe after short sale (azcentral.com)

Twin Cities metro area experiencing largest house sales slump in nation (minnpost.com)

Washington area housing costs eat up burdensome share of resident budgets (washingtonpost.com)

New house sales: Down 80% from the bubble (money.cnn.com)

People aren't buying houses - period (theglobeandmail.com)

Why the housing bulls are wrong (finance.fortune.cnn.com)

Rich Americans Ditch House Ownership For Renting (cnbc.com)

Irish workers forced to pay off Irish bankers' gambling debt to global banks (theautomaticearth)

Should the Irish be debt-peons in EU's corporate Uberstate? (scroll down for content - counterpunch.org)

Ireland should default and let foolish bond buyers F themselves (nytimes.com)
China, Russia quit dollar (chinadaily.com.cn)

China property prices set to drop 20% next year as lending tightens (propertywire.com)

Fairly taxing the rich would cause them no harm (nytimes.com)

Switzerland Votes on Nationwide Minimum Tax Rate for Wealthy (bloomberg.com)

Inside the Wealth Conspiracy (bloomberg.com)

What To Do When FBI Raids Your Hedge Fund: Short it! (bloomberg.com)

Thu Nov 25 2010

Happy Thanksgiving! News will be back on Monday.

Tue Nov 23 2010

Washington is making the housing crisis even worse (by Patrick, at csmonitor.com)

Shadow Housing Inventory pushes total unsold inventory to 6.3 million units (calculatedriskblog.com)

'Shadow' housing inventory seen topping 2 million (reuters.com)

Foreclosure expert predicts new wave of bank repossessions (miamiherald.com)

Dallas Area Foreclosures Reach Unprecedented Levels (nuwireinvestor.com)

New foreclosure trouble brewing as late payments rise? (boston.com)

There has been no sceptical probing for price discovery (theautomaticearth.blogspot.com)

Shut Down the Fed Part II (blogs.telegraph.co.uk)

Would a mass cash withdrawal bring down the banks? (bbc.co.uk)

Lawmaker Questions Legal Fees for Ex-Execs at Fannie, Freddie (blogs.wsj.com)

Much of what investment bankers do is socially worthless (newyorker.com)

The Dilemma of Respecting Contracts (seekingalpha.com)

Countrywide Never Sent Notes to Trust; Mortgage-Backed Securities in Question (firedoglake.com)

Chain of title hopelessly obscured (mortgageorb.com)

Trying to Put a Price on Bank Errors (nytimes.com)

Bank of Australia intervened to deliberately harm buyers with higher prices (theaustralian.com.au)

Record US Food Exports Reflect Upper Midwest Boom With 3.7% Unemployment (bloomberg.com)

Three men charged in Islamic-based Ponzi scheme (chicagobreakingbusiness.com)

Quantitative Easing Explained (youtube.com)

Mon Nov 22 2010

California house sales fell nearly 21% from year ago, median price also down (sfgate.com)

Foreclosures on Prime Mortgages Hit Record High (totalmortgage.com)

Foreclosure rates rise after short respite (daytondailynews.com)

Condos Go Rental as Market Weakness Persists (labusinessjournal.com)

Percent of Americans likely to rent their next house grows (latimes.com)

There is No Reason to Pay Realtors When Selling a House (time.com)

Why Does the Government Owe Itself Money? (from 2007 - chrishayes.org)

US Credit Conditions Graphs From Fed (data.newyorkfed.org)

Irish Citizens Sold Down the River in "Firepower of Stupidity" (Mish)

Rogers: Punish Irish Banks & Their Reckless Bondholders, Let Ireland Go Bankrupt! (dailybail.com)

The Unconventional Economist: Australian Treasury Calls Housing Bubble (unconventionaleconomist.com)

How Foreclosure Crisis Happened: Matt Taibbi (4closurefraud.org)

Banks Ask Congress to Stomp on Houseowners, States, Counties (firedoglake.com)

Aggressive bribery, uh, lobbying defends mortgage-trading system (washingtonpost.com)

Banks walk away, refuse to foreclose, let house rot, empty (baltimoresun.com)

Low interest rates do not help housing, but do benefit banks (doctorhousingbubble.com)

Why didn't Bush protect tenants in foreclosures? (patrick.net)

Warren Buffett: "Trickle Down" Theory Hasn't Worked (talkingpointsmemo.com)

Patriotic Millionaires For Fiscal Strength (fiscalstrength.com)

Gosh, where did all the money go? (Hint: top 1%) (cbpp.org)

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