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Foreclosure side effect: Bidding wars
by New York Public LibraryA story in today’s Journal shows that the housing market is so broken that home prices are falling amid more competition for homes. The factors feeding the competition stem from the fact that many traditional homeowners can’t or won’t sell,...
Expanding a financing Facebook for lenders
by Okinawa SobaMartin Goodman (pictured top) and Robert Hodes (pictured bottom) are expanding their online business that puts lenders and investors directly in touch with one another. The goal, according to the president/founder and director of institutional accounts,...
Homeownership still considered best long-term investment: Pew
by mesconThe housing crash seems to have had little impact on consumer confidence, as 81% of adults believe buying a home is the best long-term investment a person can make. According to a report by Pew Research released this week, this figure is only down 3% from...
Iowa AG slams report on campaign contributions
by The Library of CongressIowa Attorney General Tom Miller dismissed a recent report on his 2010 campaign contributions from those involved in the banking industry, calling it "false and misleading at its core." The National Institute on Money in State...
Demand Is Rising, Supplies Are Falling : Home Prices Set To Rise?
Home resales rose 4 percent last month, according to the March Existing Home Sales report. A total of 5.1 million homes were sold on an annualized, seasonally-adjusted basis. The strong results re-establish the national, long-term trend toward rising home resales....
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