Reactions to story from The Housing Bubble Blog

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  Late breaking news

  http://realestateindex.info/2008/05/11/late-breaking-news-84...
  5 days ago in Real Estate Index · Authority: 2

  Futures traders start to like US dollar For the first time since December 2005, futures traders are turning bullish on the US dollar. The Short Market Downturn Turned Into A Free Fall The East Valley Tribune reports from Arizona. “In the first quarter of 2008, there were 310 resales of homes in Maricopa at a median price of $170,000, according to a real estate report issued by Arizona State … Special report: The foreclosure factory Metro Detroit is a national center of the foreclosure crisis, leaving thousands of families financially ruined and depressing property values. Online mortgage refinancing can be tricky The Better Business Bureau of Mississippi cautions consumers about negotiating refinance loans on the Internet, where more competition can translate to better deals but there’s the risk of identity theft. Good governing is hard and unglamorous While the right-wing blogosphere twitters about the prospects for a Conservative party which shows few signs of being any better at governing than the present incumbents, big changes are taking place which few … Homeowners "Needed" Creative Lending Posted Jul 17th 2006 6:56AM by Christi Lundquist In recent years, it borrowers were finding it more and more difficult to find a home loan that they could afford. Mortgages Rates starting at 5.50%, 5.783% APR. Apply Online Now. www.ditech.com ING DIRECT ARM Mortgages Great rate 5.25% Rate 4.412% APR. Community banks not stressed By Don Bolding Killeen Daily Herald There’s a constant fear in these times among people who have to keep money flowing that the economic storm clouds, illuminated by the news, will make people want to bury …
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  The Short Market Downturn Turned Into A Free Fall

  http://www.housepricesdrop.com/houseprices/2008/05/11/the-sh...
  5 days ago in House Prices Drop US/UK Housing Crash? Subprime Bubble · Authority: 120

  The Short Market Downturn Turned Into A Free Fall May 11th, 2008 The East Valley Tribune reports from Arizona. “In the first quarter of 2008, there were 310 resales of homes in Maricopa at a median price of $170,000, according to a real estate report issued by Arizona State University. In the same quarter of 2007, there were 90 resales with a median value of $246,500. Paul Jepson, an assistant to Maricopa’s city manager, said that about 31 to 34 percent of resales in the city have been of such underwater, or ‘distressed’ as he called them, homes.” “One of the market casualties is Daryl Fox, a recently unemployed cosmetics salesman. After his divorce several years back, Fox and his ex-wife sold their home in Chandler. It took a while to sell the house, and they had to reduce the price to find a buyer in the already-slumping Valley real-estate market, he said.” “In April 2006, Fox took his half of the equity from […] Original post by Ben Jones Posted in Main |

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