Interesting Housing News Links (February 24, 2009)

* Man suspected in burglaries crashes truck in Goodyear (Jackee Coe, Arizona Republic)

A man connected to multiple burglaries in Goodyear is in custody after he crashed into a wall and broke into a home early Tuesday, officials said.

* Bankruptcy Advice (WSAV)

As Washington bails out banks and struggles to help homeowners, millions of average Americans are doing their own difficult math, sitting at the kitchen table, crunching numbers, and wondering about an option that creates fear and confusion for many.

* Orlando house prices dropped again at end of 2008 (Orlando Sentinel)

A closely watched federal gauge of housing prices for the fourth quarter shows that metro Orlando homes lost another 4.7 percent of their value late in the year, the seventh straight quarterly decline for the four-county area as measured by the Housing Price Index.

* With Web-based security, your walls have multiple eyes (Aldo Svaldi)

filings in the state last year, compared with 39,915 in 2007. The number of “completed” foreclosures that went to auction fell from 25,320 in 2007 to 21,301 in 2008.

* Iowa Flood Victims: Waiting For Answers (Dean Reynolds, CBS News)

Iowa Flood Victims: Waiting For Answers CBS Evening News: Eight Months Later And Residents Are Still Trying To Rebuild Their Homes – And Their Lives

* Bernanke: economy suffering ‘severe contraction’ (Jeannine Aversa-)

WASHINGTON — Federal Reserve Chairman Ben Bernanke told Congress Tuesday the economy is suffering through a “severe contraction” and pledged to use all available tools to lift the country out of the recession that already has cost millions of Americans their jobs.

* ComScore: Web searches spike for ‘unemployment benefits,’ ‘mortgage,’ ‘bankruptcy’ (Nashville Business Journal)

ComScore , a Virginia-based company that tracks Internet traffic, says that the faltering economy has sparked a surge in Web searches for phrases such as “unemployment benefits” and “bankruptcy.”

* Mortgage approvals rise in January (Telegraph)

Approvals rose 4pc from 22,416 in December, the British Banking Association (BBA) said on Tuesday, but remained 43pc lower than the same period a year earlier.

* Government numbers better than private report on housing (Dallas Business Journal)

A quarterly report from the Federal Housing Finance Agency shows Washington-area housing prices continue to decline, but the drop is not as steep as indicated by a private sector report.

* Mass. home sales plunged in January (San Francisco Business Times)

Single-family home sales in Massachusetts fell 10.3 percent in January and prices plunged by 20.2 percent compared to last January.

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