Interesting Housing News Links (March 09, 2009)

* Minnesota’s mortgage meltdown (Bob Collins, KCRB)

How bad is the mortgage foreclosure and delinquency problem here? Bad, but not as bad as the rest of the country, according to a report released Thursday by the Mortgage Bankers Association.

* Crape murder a crime (Daily Oklahoman)

“Crape murder is a serious crime against Mother Nature. This ill-advised pruning method on crape myrtle literally shears off the tops of the trees, taking trunks back to where they look like stubs sticking out of the ground. The practice basically ruins the plant and eventually can cause plant death.

* Short sales create issues for Hawaii Realtors and legislators (Atlanta Business Chronicle)

Hawaiis real estate community is finding new ways to handle the states growing number of short sales, as lawmakers consider changes in a law that has made it difficult to assist homeowners who need to sell their homes for less than they owe.

* Clues to recession’s end lurk in economists’ data

The recession is already in its 15th month. For now, everything seems to be getting worse: The Dow is in free fall, jobs are vanishing every day, and one in eight American homeowners is in foreclosure or behind on payments.

* Winners and losers: The rental brigade (The Irish Independent)

CASH-STRAPPED housebuilders are pushing the case for renters to save money by actually buying a house instead. Rents have fallen by 7.2 per cent in the last year, compared with mortgage repayments dropping over 18 per cent.

* Economy: When will it bottom? (Alan Zibel-)

When will this wretched economy bottom out? The recession is already in its 15th month, making it longer than all but two downturns since World War II. For now, everything seems to be getting worse: The Dow is in free fall, jobs are vanishing every day, and one in eight American homeowners is in foreclosure or behind on payments.

* Against more White Rock lighting (Dallas Morning News)

I am a resident and homeowner near White Rock Lake, and I have serious doubts about any addition of lights in the park.

* Parishioners Unite To Fight Foreclosure (Bill Whitaker, CBS News)

Parishioners Unite To Fight Foreclosure CBS Evening News: Catholics Battling Banks For Their Homes In Los Angeles Find Strength In Numbers

* Bovis Homes reports �78.7m loss (BBC News)

The housebuilder Bovis Homes has reported a pre-tax loss for 2008 of �78.7m, compared with a profit of �123.6m for 2007.

* White-collar criminals should do time in prison (News & Record)

Our economic slump is no accident. It was perpetrated by people driven by greed just to gather more and more wealth. Their reprehensible actions border on criminal.

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