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01 Nov 2011 23:04

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Politics: BREAKING NEWS: Utah politician purchases residence in Utah

  • Stories like this are an indicator that it’s a slow news day. Our favorite part is the bombshell Huntsman quote after the fold, “It’s my residence.” source
Posted by Seth Millstein • 0 Comments • Permalink

25 Oct 2011 11:17

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Biz: Home prices rising or falling, depending on the metric you use

  • negative House prices are down by 3.8 percent from a year ago, according to the widely-watched Case-Shiller index, released this morning.
  • positive However, the number was up 0.2 percent from the prior month, making one analyst say that he sees a “glimmer of hope” in the data.
  • negative But when you break it down to granular data, just ten of the top twenty saw home prices rise. Like getting depressed? Enjoy. source
Posted by Ernie Smith • 0 Comments • Permalink

22 Aug 2010 10:55

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Offbeat: Tyler Perry: Creator of bad movies, destroyer of worse homes

This mega-mansion outside Atlanta, which reportedly has awful architecture, languished on the market for 15 years. Tyler Perry bought it. He plans to destroy it. source
Posted by Ernie Smith • 1 Comment • Permalink

14 Apr 2010 09:51

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Biz: Even for those on Obama’s foreclosure plan, it’s not really helping

  • 75% of people in Obama’s foreclosure-prevention plan owe more than their homes are worth
  • 50% of people owe more than
    25 percent in negative equity on
    their homes; crazy source
Posted by Ernie Smith • 0 Comments • Permalink

04 Feb 2010 10:10

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Biz, U.S.: Many homeowners choosing to give up on their worthless mortgages

  • Since the beginning of December, I’ve advised 60 people to walk away. Everyone has lost hope. They don’t qualify for modifications, and being on the hamster wheel of paying for a property that is not worth it gets so old.
  • Scottsdale, Ariz.-based mortgage broker Steve Walsh • Regarding the depressing, sad state for many homeowners – many who giving up on their homes due to mortgages that cost more than the homes are actually worth. 4.5 million homeowners have homes that are worth just 25% or less than the cost they paid. Many are choosing to foreclose rather than stay stuck in a property they don’t want. source
Posted by Ernie Smith • 0 Comments • Permalink

19 Oct 2009 09:46

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U.S.: Here’s a sobering statistic on the homeless in this recession

  • 10% of those helped in the last year lost homes to foreclosure source
Posted by Ernie Smith • 0 Comments • Permalink

16 Sep 2009 10:54

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Biz: The FBI says a whole lot of mortgage fraud is going on

  • 2,600 cases are pending at the moment source
Posted by Ernie Smith • 0 Comments • Permalink
 

20 Jun 2009 11:07

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U.S.: In Rockford, Ill., a train derailed, causing tons of destruction

One died and nine were injured in the derailment, a scary chain of events which forced the evacuation of 600 homes. source
Posted by Ernie Smith • 0 Comments • Permalink

08 Mar 2009 21:24

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Biz, U.S.: In NYC, bargain-hunters bought foreclosed homes

  • 1,000 number of New Yorkers who came out to a rare foreclosure auction
  • $1,000 starting bids on some of the homes at the auction. Oh boy. source
Posted by Ernie Smith • 0 Comments • Permalink

24 Feb 2009 10:54

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U.S.: The market comes crashing down – hard – on houses

  • 18% tumbles in home prices during the fourth quarter of 2008 – the largest decline in the survey’s 21-year history
  • 40% dives from their market peaks in some markets, including San Francisco, Miami, Phoenix and Las Vegas source
Posted by Ernie Smith • 0 Comments • Permalink
 
 
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