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Category Archives: Social Mood Swings
Most Americans See Housing Recovery Beginning 2014 or Later
A Trulia/RealtyTrac survey shows a significant change in public expectations about when a Housing Recovery will happen. 54% of respondents now expect a housing recovery to happen in 2014 or later, up from 34% just six months ago. Continue reading
Posted in Home Economics, Newsletter, Real Estate Data, Social Mood Swings
Tagged Home Prices, Housing Recovery, Shadow Inventory
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Stunning 360 Degree Images of Abandoned Property Sites in Detroit
Please take a look at this link of a 360 degree photo tour of several spots in or around Detroit, including the abandoned Michigan Central Train station.
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Too Big To Fail Debuts on HBO
HBO’s highly anticipated “Too Big Too Fail” was on last night and it was very good. The film thoroughly explains the financial crisis and shows the steps that Hank Paulson, Ben Bernanke, and Timothy Geithner took in 2008 to try and prevent our economy from collapsing. Continue reading
Strategic default has become common and accepted in 2011
Fannie Mae noted in a recent press release that “Nearly Twice as Many Underwater Borrowers Think It Is Okay to Default Due to Financial Distress.” Has strategic default reached a tipping point in America? Continue reading
Principal reduction programs and unintended consequences
Are principal reductions on their way? Some form of it might be. Who will get the free money coming? Continue reading