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Category Archives: Economic News
The euro crisis reaches the core
Greece, as it turns out, was the Eurozone’s canary. The canary was resuscitated and a small rescue mechanism was set up to revive a further canary or two – but beyond this the warning was ignored. The miners kept on working. They convinced themselves that this was the canary’s problem. Continue reading
Has Real Estate Bottomed? Here’s How to Tell
The absence of stories about the bottom in housing will mark the final nadir, because the real bottom can only be reached when everyone has abandoned housing as a pathway to easy money. Only when the public and investor class alike have completely lost interest in real estate as a “sure-fire” investment can the real trough be reached. Continue reading
June Existing Home Sales Disappoint. Realtors Blame Cancellations
Economists were predicting that June Existing Home Sales would rise 2.9%, but that didn’t happen. June Existing Home Sales fell 0.8% from May and are down 8.8% from June 2010.
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Bay Area Home Sales Surge in June
Bay Area homes sales surged 14.5 percent from May to June, though are still below levels from 2010. Continue reading
Posted in Newsletter, Real Estate Data
Tagged Bay Area, california, Existing Home Sales, Median Home Prices
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Foreclosure Activity Down 29 Percent So Far in 2011
Compared with the first half of 2010, foreclosure filings, default notices, auction sales, and bank repossessions are down 29 percent for the first 6 months of 2011. Continue reading
Posted in Foreclosures and Short Sales, Newsletter, Real Estate Data
Tagged Foreclosures
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