Accelerating The Market's Race To The Bottom

Newsworks reports from Delaware. "Down-payment and settlement assistance loans are among the incentives of a new program in northern Delaware designed to boost the sales of vacant homes. Lenders and housing counselors on hand for the presentation said potential buyers should not be scared off by...
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Homeowners More Prone To Read Documents

The Chicago Journal reports from Illinois. "Margaret Blakey took out a mortgage on her home in Bronzeville back in 1996, but unless she gets help now from the government and her mortgage lender, Wells Fargo, she won’t have that house for long. Blakey earns money as a singer, but has struggled to...
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House Hunters Are Running Out Of Time To Act

Readers suggested a topic on the house buying season. "Anyone want to talk about seasonal issues? Not just holiday shopping, but a general discussion about what the onset of another winter season with even lower interest rates and a ton of shadow inventory will bring and maybe even what we are...
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The Rush For Fool's Gold

It's Friday desk clearing time for this blogger. "A San Francisco woman has broken back into the house she lost in a foreclosure. Neighbors cheered as Carolyn Gage promised to defy a court-ordered eviction in the Bayview neighborhood of San Francisco. Gage says she did everything she could to keep...
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Symbol Of The Boom, Capital Of The Bust

The Ottawa Citizen reports on Arizona. "Misinformation also pervades the Arizona market says Rick Morielli, a Canadian real estate broker with Can-ix Realty, a Phoenix-based realtor geared to Canadian clients. 'Canadian buyers seem to get old news and bad news,' he says. 'We get asked a lot whether...
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Driving On The Same Road In A Faster Car

The Desert Sun reports from California. "Raul Vargas earns about a third of what he used to make before the recession. The husband and father of four's entire take-home income, about $2,000 a month, goes to cover the $1,300 mortgage on their Coachella home and hundreds of dollars in utilities. 'It...
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Better Or Worse Than What We Are Facing Now?

Readers suggested a topic on how things might have been different. "Does anyone want to talk about what would have really happened if the banks hadn’t been 'rescued' in the manner they were all those years ago? My basic idea is what would have happened if, instead of giving Hank Paulson a...
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