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23 Jun 2010 10:31

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Biz: HOLY CRAP IN BOLD LETTERS: Home sales absolutely PLUMMET

  • 33% drop in sales in May, which is unprecedented source

12 May 2010 10:37

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World: Holy crap: Sinkhole kills entire family in Quebec

  • strangeness The family was just at home minding their own business when the ground below their home started to fall apart in a mudslide.
  • sadness A day later, after a crew of rescuers tried to help, four people – the entire family – was found dead inside the home. source

23 Apr 2010 11:31

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Biz: Home sales, once looking weak, made a huge March jump

  • 27% increase in new home sales in March
  • four number of months of declines prior to the leap
  • 1963 the last time home sales rose this much source
  • » But why? Credit a tax break that’s about to expire and weather that sucked less than it did in February (when home sales hit a record low). The strange part? The tax break had been in effect each of the four months prior, when home sales weren’t so hot.

24 Mar 2010 10:47

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Biz: Must’ve been the snow: New home sales unexpectedly fall

  • 2.2% dip in new home sales in February source

16 Dec 2009 10:23

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Biz: Construction numbers: Can they fix it? Yes they can!

  • +8.9% from October’s depressing six-month low number
  • -12.4% from a year ago; at least they’re building source

27 Oct 2009 10:24

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Biz: Home prices are slowly starting to make a comeback

  • 1.2% increase in August – the fourth straight up month source

05 Aug 2009 20:45

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Biz, U.S.: Obama wants to break up the most bankrupt marriage ever

  • together Fannie May and Freddie Mac, two government-borne companies designed to help with home ownership and mortgages, were mashed together into government ownership last year (like a bad marriage) as the financial crisis became critical.
  • apart? Now, the Obama administration is considering splitting them back up again and restructuring them entirely, adding a third company in the mix to handle toxic debt. Obama economy guy Lawrence Summers has long wanted to do this, by the way. source
 

02 May 2009 12:35

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Biz, U.S.: Renters in foreclosed homes get screwed, too

  • 30% of homes foreclosed this year are being rented out source

06 Apr 2009 12:17

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Biz: The foreclosure industry: Your misery is our good luck

  • Things are going tremendously. It has never been this good.
  • Darren Johnson • A “real estate owned” foreclosure agent from Detroit, talking about how well the foreclosure industry is going at the moment. Glad to know that someone’s doing OK. • source

12 Mar 2009 01:55

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Biz, U.S.: Ah, home foreclosures. Another thing to be depressed about.

  • +30% year-over-year increase in foreclosures. Yikes. source