Foreclosures jump 7% in October from September
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So how does the housing market look?My own guess is that with the tax changes that are being discussed in Washington housing is not going to be a very good- If the government forces risky loans, can the government then claim that they didn't know the loans were risky?So what about the government forcing banks to make these risky loans? How can the government claim ignorance that thes
- The Obama administration learned nothing from the financial crisisRemember how the pressure to give loans to individuals who couldn't afford them lead to the financial crisis (see here
- Home sales fall by 5.4% last month, prices rise only because mix of homes being sold changedWhen is the housing market finally going to recovery? With interest rates at record lows, one would have thought that
- Home building plunges againIf you thought that home building was already low, here it is dropping further.For homebuilders, it hardly feels like a
- WSJ: "Nearly 40% Who Borrowed Against Homes Are Underwater"From the WSJ:Almost 40% of homeowners who took out second mortgages—extracting cash from their residences to cover ever
Not much hope for the housing market turning around soon
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Oleh
abudzar
