Tag Archives: Existing Homes

Interesting Housing News Links (May 07, 2009)

* Blackouts and Cascading Failures of the Global Markets (Jeffrey D. Sachs, Scientific American)

Editor’s Note: This is the extended version of the “Sustainable Developments” column from the January 2009 issue of Scientific American.

* Protesters disrupt foreclosure auctions in Sacramento (Jim Wasserman, Sacramento Bee)

Protesters disrupted several foreclosure auctions Tuesday on the Sacramento County Courthouse steps, winning a temporary cancellation of one and sending an unidentified auctioneer to the hospital with chest pains.

* Sympathetic Victims? (Gwen Moritz Editor’s Note) (Gwen Moritz, Arkansas Business)

Our recent story about people who invested tens and hundreds of thousands of dollars in stock peddled by Darrell Lainhart of Sherwood included several sympathetic victims: A woman who needs the $30,000 her husband invested because hes now in a nursing home with Alzheimers disease, a disabled veteran, a man who hoped to become a full-time missionary.

* Treasure Coast homes sales increase, but at lower prices (Paul Ivice, Jupiter Courier)

Realtor sales of existing homes in St. Lucie and Martin counties in March nearly mirrored statewide numbers, with a 27 percent increase in sales but a 30 percent drop in the median price compared with a year ago.

* Assessing the future of the Cal Neva Resort and Casino (Annie Flanzraich, N Lake Tahoe Bonanza)

Nev. Since the Cal Neva Resort, Spa and Casinos bidder-free, two-state auction earlier this month, more than 25 new interested investors have inquired about the hotel and casino, said Steve Sugarman, a spokesman for owner Canyon Capital Realty Advisors.

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Interesting Housing News Links (March 28, 2009)

* What’s the fed’s big moves this week mean to you? (Jim Wasserman, Sacramento Bee)

All the breathless media coverage of the Fed’s decision this week to spend another $1.2 trillion to buy mortgage-backed securities and more Fannie Mae and Freddie Mac mortgages insinuated that interest rates would take a quick and deep dive into 4 percent territory.

* Perkins’ One Man Show: Now Nearly Alone Among Politicians, Senator Stands Against CU (Melissa Repko, Columbia Daily Spectator)

As Columbias expansion plan for Manhattanville works its way through the public review process, State Senator Bill Perkins, D-West Harlem, is finding himself nearly alone among politicians as many fall in line with the University.

* Munich-based Focus Magazine looking for foreclosure interviews (Jim Wasserman, Sacramento Bee)

In an email from Germany this week, reporter Stefan Wagner says he is coming to Northern California in about 10 days to do a magazine story “on the effects of the financial crisis on Californians.” He has done some preliminary research and found that Merced has the state’s highest foreclosure rate – and would like to interview people in the foreclosure belt (my description) who are in process …

* Foreclosed homes draw crowd, but more investors than homeowners (Clay Barbour, News Herald)

The deals came fast Saturday as more than 500 homes across the Carolinas went on sale for bargain prices that, in some cases, amounted to less than half their previous asking prices.

* Chase opens its Sacramento center for loan modifications (Jim Wasserman, Sacramento Bee)

JPMorgan Chase opened its walk-in Sacramento foreclosure prevention center this morning with a 9 a.m. briefing for nonprofit loan counselors who have helping some of the bank’s troubled clients.

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Interesting Housing News Links (February 28, 2009)

* FDIC raises fees on banks to make up for failure loss

WASHINGTON Facing a cascade of bank failures depleting the deposit insurance fund, federal regulators on Friday raised the fees paid by U.S. financial institutions and levied an emergency premium in a bid to collect $27 billion this year.

* Judge reduces bond for state worker accused of raping two girls (Paul Glasser, State Journal)

Franklin Circuit Judge Thomas Wingate has reduced the bond for a state employee accused of raping two young girls.

* Two draw sentences in fraud (Gary L.. Wright, Charlotte Observer)

(04/10/08) Jules A. Springs (CQ, tall young black man tan/white shirt, dark tie, no jacket on left) arrived at the Federal Courthouse with his attorney (No ID on attorney on right. he wasn’t talking) Thursday. Springs and five other defendants were arraigned and charged in U.S. District Court Thursday. Federal prosecutors are mulling racketeering charges against a Charlotte real estate attorn…

* Jobless Americans top 5 million mark (Christopher S. Rugaber)

WASHINGTON — As bad as it is already, the economy keeps getting worse — and government figures Thursday provided more evidence that the downward spiral won’t end anytime soon.

* Realtors: Home resales hit 12-year low (Business First Buffalo)

The National Association of Realtors said Wednesday that sales of existing homes fell 5.3 percent from December to January, reflecting an annual rate of 4.49 million. Thats the weakest showing since July 1997.

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Interesting Housing News Links (February 26, 2009)

* Jan. new-home sales at record low pace (Jeannine Aversa-)

* Regulators Missed IndyMac Woes (Michael R. Crittenden, Dow Jones Newswires)

* Stress tests due for banks

* U.S. banks post first quarterly loss in 18 years (Newsweek)

* Americans receiving unemployment top 5 million (Christopher S. Rugaber)

* Recession forecast grows deeper and longer (David Nicklaus, St. Louis Post-Dispatch)

* Total Jobless Claims Top 5 Million (Brian Blackstone, Wall Street Journal)

* Wall Street dips on bank, homes data (Richard C. Gross, Washington Times)

* Federal regulators ignored problems at IndyMac, report finds (William Heisel, Los Angeles Times)

* New home sales plunge to record low (Bloomberg News)