Interesting Housing News Links (March 29, 2009)

* Chase opens Sacramento office for troubled homebuyers (Jim Wasserman, Sacramento Bee)

It’s nothing too special, just a long, gray row of cubicles on the second floor of a Washington Mutual Bank building near Arden Fair mall.

* Dont Feed The Gators! (Pat Peterson, WKRG)

Feeding alligators and other wildlfie will soon be against the law in Orange Beach. City leaders have drafted an ordinance making it illegal to harrass or feed wild animals. Conservation Officer Jason Dean says locals and visitors have been seen feeding alligators and raccoons.

* Housing slump frays economy of ‘carpet capital’ (Shannon Mc Caffrey, Rocky Mountain News)

Ga. — Inside a cavernous factory, massive machines that churn out carpeting for Home Depot and Lowe’s were idled on a recent Friday as workers took a forced day off without pay.

* Portsmouth bucks nationwide foreclosure trend (Adam Leech, Rockingham News)

While many communities in the state have seen sharp increases in foreclosures, plummeting home values, increased unemployment and significant drops in single-family home sales, Portsmouth has seen little to no change from 2006 to 2008.

* Sacramento-area home prices fall 59 percent since 2005 (Jim Wasserman, Sacramento Bee)

February brought the lowest median sales price to Sacramento County’s housing market since December 2000 as bank repos drove a decline to $160,000, researcher MDA DataQuick said Thursday.

* Pension liabilities to hit local, state governments, Buffett says (Gregory Crawford, Pensions & Investments)

Pension liabilities to hit local, state governments, Buffett says Oracle of Omaha takes some blame for bad investment decisions

* Low ‘teaser’ mortgage rates entice, but beware (Lesley Mitchell, Salt Lake Tribune)

the one-year variety. The Mill Creek Terrace condo development last week was offering qualified buyers a 4.625 percent 30-year loan with a 3.625 percent rate for the first year.

* Use Lent to help battle the bad-economy blues (Jeff Brumley, Florida Times-Union)

President Barack Obama and Congress have rolled out economic stimulus plans to reinvigorate the economy and bring hope to millions of Americans facing unemployment, foreclosure and tanking 401(k)s.

* But what does Madonna think about the bank bailout? (Shelley Emling, Daily Advance)

Volatile stock markets. Plunging home prices. Rising unemployment. Yet what are the British papers full of today?

* I want to buy, but … (Allison Simson, Summit Daily News)

Question: We want to buy a home here in Summit County but don t know where to begin. My wife and I don t seem to agree on what this house should be like. How do we get started?


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